Wall Street Zen Upgrades Portman Ridge Finance (NASDAQ:BCIC) to Strong-Buy

Portman Ridge Finance (NASDAQ:BCIC) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings upgraded Portman Ridge Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Portman Ridge Finance Stock Down 2.7%

NASDAQ BCIC opened at $11.45 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 1.39. Portman Ridge Finance has a one year low of $11.12 and a one year high of $17.51. The stock has a market capitalization of $149.77 million, a PE ratio of 10.50 and a beta of 0.38.

Hedge Funds Weigh In On Portman Ridge Finance

An institutional investor recently bought a new position in Portman Ridge Finance stock. Arlington Trust Co LLC purchased a new stake in Portman Ridge Finance Corp (NASDAQ:BCIC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,468 shares of the company’s stock, valued at approximately $29,000. 30.14% of the stock is currently owned by institutional investors.

Portman Ridge Finance Company Profile

Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm’s business. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors.