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Portman Ridge Finance Corporation - PTMN STOCK NEWS

Welcome to our dedicated page for Portman Ridge Finance Corporation news (Ticker: PTMN), a resource for investors and traders seeking the latest updates and insights on Portman Ridge Finance Corporation stock.

Portman Ridge Finance Corporation (NASDAQ: PTMN) is a non-diversified closed-end investment company that specializes in originating, structuring, and investing in secured term loans, bonds, and mezzanine debt. The company primarily focuses on privately-held middle-market companies but also considers investments in publicly traded companies, high-yield bonds, and distressed debt securities. Established as a leader in debt securities, Portman Ridge aims to generate current income and capital appreciation through strategic investments in senior secured term loans, mezzanine debt, and select equity investments.

Founded with a mission to support mid-sized businesses, Portman Ridge offers a range of financial solutions tailored to meet the complex needs of its clients. Recent achievements include successful mergers with Garrison Capital Inc. and Harvest Capital Credit Corporation, which have enhanced the company's investment portfolio and operational efficiencies. The company's financial condition remains robust, demonstrated by its transparent reporting of core investment income and net investment income, which provide stakeholders with a clear understanding of its financial performance.

Portman Ridge continues to pursue promising investment opportunities and maintain strong partnerships to maximize returns for its investors. With a disciplined approach to investment and risk management, the company remains well-positioned to navigate the complexities of the financial markets. Recent updates include significant financial highlights from the second and third quarters of 2023, and a series of scheduled calls for shareholder engagement and transparency.

For the latest updates and detailed financial reports, stakeholders can refer to the company's scheduled calls and recent news highlights, providing insights into Portman Ridge's ongoing projects and financial health.

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Portman Ridge Finance (Nasdaq: PTMN) will release its second quarter financial results for the period ending June 30, 2024, on Thursday, August 8, 2024, after the market close.

A conference call is scheduled for 10:00 a.m. ET on Friday, August 9, 2024, to discuss the results. Participants can join via phone by dialing (646) 307-1963 and using conference ID 9474953.

A live audio webcast of the call will be accessible online, with an archive available afterward in the Investor Relations section of the company's website.

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Portman Ridge Finance reported a net investment income of $0.67 per share and net asset value of $22.57 per share for the first quarter of 2024. The company repurchased 51,015 shares for approximately $1.0 million. They announced a quarterly distribution of $0.69 per share for the second quarter of 2024. Portman Ridge continued to grow and diversify its portfolio, with exposure to 29 industries and 103 portfolio companies. Management believes the stock is undervalued and remains committed to increasing shareholder value.

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Portman Ridge Finance (PTMN) will release its financial results for Q1 2024 on May 8, 2024, with a conference call scheduled for May 9, 2024, at 9:00 am ET. Investors can access the call via phone or webcast.
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Portman Ridge Finance Corporation (PTMN) reports strong year-over-year performance with total investment income of $76.3 million, an increase of 9.6%. Net investment income was $34.8 million. The company continued its share repurchase program, totaling $4.4 million in 2023. A quarterly distribution of $0.69 per share was announced for Q1 2024.
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Portman Ridge Finance Corporation (PTMN) will release its financial results for the fourth quarter and full year ended December 31, 2023, on Wednesday, March 13, 2024, after market close. The Company will host a conference call on Thursday, March 14, 2024, at 9:00 a.m. ET to discuss these results. The call can be accessed by phone or webcast, with a replay available after the live call through March 21st.
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Portman Ridge Finance Corporation (Nasdaq: PTMN) reported strong performance with increases in net asset value per share quarter-over-quarter, core investment income, and net investment income year-over-year. The company also continued its share repurchase program in the third quarter of 2023. Additionally, Portman Ridge announced a quarterly distribution of $0.69 per share in the fourth quarter of 2023, marking a $0.19 per share increase in the total distribution for the full year 2023, a 7.4% increase compared to the full year 2022.
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Portman Ridge Finance Corporation to release Q3 2023 financial results
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Portman Ridge Finance Corporation to release its financial results for the second quarter ended June 30, 2023, on August 9, 2023, after market close. The Company will host a conference call on August 10, 2023, to discuss these results.
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FAQ

What does Portman Ridge Finance Corporation do?

Portman Ridge Finance Corporation is a non-diversified closed-end investment company that invests in secured term loans, bonds, and mezzanine debt, primarily focusing on privately-held middle-market companies.

What is the company's investment objective?

The company's investment objective is to generate current income and, to a lesser extent, capital appreciation from investments in senior secured term loans, mezzanine debt, and selected equity investments.

How does Portman Ridge Finance Corporation ensure financial transparency?

Portman Ridge ensures financial transparency by reporting core investment income and net investment income, offering stakeholders a clear view of its financial performance.

What are some recent achievements of Portman Ridge Finance Corporation?

Recent achievements include successful mergers with Garrison Capital Inc. and Harvest Capital Credit Corporation, enhancing the company's investment portfolio and operational efficiencies.

How does the company approach investment risk management?

Portman Ridge adopts a disciplined approach to investment and risk management, focusing on generating sustainable returns while navigating market complexities.

What type of companies does Portman Ridge primarily invest in?

Portman Ridge primarily invests in privately-held middle-market companies but may also consider investments in publicly traded companies and distressed debt securities.

Where is Portman Ridge Finance Corporation headquartered?

Portman Ridge Finance Corporation is headquartered at 650 Madison Avenue, 23rd Floor, New York, NY 10022.

How can investors get the latest updates on Portman Ridge Finance Corporation?

Investors can get the latest updates by referring to the company's scheduled calls and recent news highlights, as well as visiting the official website and contacting the investor relations team.

What are the company’s financial highlights for recent quarters?

The company’s financial highlights include detailed reports on investment income, fair value of investments, and net leverage ratios, providing insights into its financial health for recent quarters.

How does Portman Ridge support shareholder engagement?

Portman Ridge supports shareholder engagement through scheduled calls, transparent financial reporting, and accessible investor relations contacts to address stakeholder inquiries.

Portman Ridge Finance Corporation

Nasdaq:PTMN

PTMN Rankings

PTMN Stock Data

181.47M
9.31M
2.32%
25.56%
0.24%
Securities and Commodity Exchanges
Finance and Insurance
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United States of America
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