Portman Ridge Finance Corporation Announces Third Quarter 2019 Financial Results
Portman Ridge Finance Corporation - Closed End Fund (PTMN)
Company Research
Source: GlobeNewswire
NEW YORK, Nov. 07, 2019 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) announces its third quarter 2019 financial results. Recent Developments The Company has filed a combined registration statement and proxy statement related to OHA Investment Corporation (“OHAI”) related to the transaction in which, subject to OHAI stockholder approval, OHAI will merge with and into the Company. If approved by OHAI stockholders, the combined company will be managed by Sierra Crest Investment Management and is expected to have total assets of approximately $375 million, and net asset value of approximately $165 million (each based upon June 30, 2019 balance sheets). Financial Highlights Net investment income for the third quarter ended September 30, 2019 was approximately $2.2 million, or $0.06 per basic share, compared with net investment income of approximately $880 thousand, or $0.02 per basic share in the second quarter of 2019, and approximately $3.0 m
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- Portman Ridge Finance Co. (NASDAQ: PTMN) had its price target lowered by analysts at Keefe, Bruyette & Woods from $20.50 to $20.00. They now have a "market perform" rating on the stock.MarketBeat
- Portman Ridge Finance Corporation (NASDAQ:PTMN) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Portman Ridge Finance Corporation Announces Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
PTMN
Earnings
- 11/8/23 - Miss
PTMN
Sec Filings
- 4/1/24 - Form 3
- 3/20/24 - Form 40-17G
- 3/15/24 - Form 8-K
- PTMN's page on the SEC website