Portman Ridge Finance Corporation Resumes Share Repurchases Under 10b5-1 Stock Trading Plan
Portman Ridge Finance Corporation - Closed End Fund (PTMN)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) today announced that it has entered into a new Rule 10b5-1 stock trading plan to facilitate the repurchase of its common stock in accordance with its $10 million share repurchase program.Repurchases may be made in the open market at prevailing market prices from time to time as market conditions warrant. All repurchases will be implemented in accordance with the applicable requirements of Rules 10b5-1 and 10b-18 under the U.S. Securities Exchange Act of 1934.An independent U.S. broker-dealer is acting as the Company’s agent to purchase its shares on pre-arranged terms pursuant to the Rule 10b5-1 Stock Trading Plan.Of note, on March 8, 2022, the Company’s Board of Directors re-authorized its share repurchase program, whereby the Company may repurchase up to an aggregate of $10 million of its shares in the open market until March 31, 2023, including pursuant to the above-described new Rule 10
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News
- Portman Ridge Finance Corporation Schedules First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- Portman Ridge Finance Corporation Schedules First Quarter 2024 Earnings Release and Conference CallGlobeNewswire
- 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