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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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Portman Ridge Finance Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Portman Ridge Finance Corporation's position in the market.

Rhea-AI Summary

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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2.06%
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Rhea-AI Summary
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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0.21%
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Rhea-AI Summary
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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-1.48%
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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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-0.87%
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Rhea-AI Summary
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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-2.13%
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Rhea-AI Summary
Portman Ridge Finance Corporation to release Q3 2023 financial results
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-0.55%
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-1.46%
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Rhea-AI Summary
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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-0.29%
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-1.23%
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Portman Ridge Finance Corporation

Nasdaq:PTMN

PTMN Rankings

PTMN Stock Data

182.68M
9.31M
2.28%
30.45%
0.29%
Securities and Commodity Exchanges
Finance and Insurance
Link
United States of America
NEW YORK

About PTMN

blue capital reinsurance holdings ltd. does not have significant operations. previously, the company, through its subsidiaries, provided collateralized reinsurance in the property catastrophe market in the united states and internationally. blue capital reinsurance holdings ltd. was founded in 2013 and is headquartered in pembroke, bermuda.