PTMN - Portman Ridge Finance Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
2.1700
-0.0300 (-1.36%)
At close: 4:00PM EDT
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Previous Close2.2000
Open2.2000
BidN/A x N/A
AskN/A x N/A
Day's Range2.1500 - 2.2000
52 Week Range2.1000 - 3.8000
Volume56,676
Avg. VolumeN/A
Net AssetsN/A
NAVN/A
PE Ratio (TTM)N/A
YieldN/A
YTD ReturnN/A
Beta (3Y Monthly)N/A
Expense Ratio (net)N/A
Inception DateN/A
Trade prices are not sourced from all markets
  • GlobeNewswire

    OHA Investment Corporation Announces Second Quarter 2019 Results

    NEW YORK, Aug. 12, 2019 -- OHA Investment Corporation (NASDAQ: OHAI) (the “Company”) today announced its financial results for the quarter ended June 30, 2019. Management will.

  • GlobeNewswire

    Portman Ridge Finance Corporation Announces Second Quarter 2019 Financial Results and Declaration of Distribution

    NEW YORK, Aug. 06, 2019 -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) announces its second quarter 2019 financial results and declaration of a stockholder.

  • GlobeNewswire

    Portman Ridge Finance Corporation to Report Second Quarter 2019 Financial Results on August 7th 2019; Conference Call Scheduled

    Portman Ridge Finance Corporation (PTMN) (the “Company”) will release its financial results for the quarter ended June 30, 2019 on Tuesday August, 6th, 2019 after the closing of the markets. The Company will host a conference call on Wednesday, August 7th, 2019 at 9:00 am Eastern Time. A live audio webcast of the conference call can be accessed via the Internet, on a listen-only basis on our Company's website www.portmanridge.com in the Investor Relations section under Events.

  • Bloomberg

    Consolidation Among Private Lenders Ramps Up

    (Bloomberg) -- Private lenders OHA Investment Corp. and Portman Ridge Finance Corp. are merging as they look to make bigger investments and boost shareholder returns.The merger is the latest example of consolidation among business development companies -- lenders that have stepped in to provide funding to America’s smaller businesses as banks retreated in the wake of the financial crisis.How a Boring Loan Backwater Got Glammed, and Riskier: QuickTakeThe newly combined company -- which will take the name of Portman Ridge -- will have about $372 million in assets and a net asset value of about $181 million. The merger will allow it to make larger investments and will also be accretive for shareholders, Ted Goldthorpe, head of credit at BC Partners, which will manage the BDC via an affiliate, said in a phone interview.“This reflects a bigger theme out there, which is asset management has become more and more about scale and I think the BDC space has been in need of consolidation for a long time,” Goldthorpe said.He sees more acquisitions for the firm on the horizon. BC Partners became the manager of KCAP Financial Inc., which later changed its name to Portman Ridge, in December.“We’re trying to be the acquirer of choice,” Goldthorpe said. “There’s probably seven or eight BDCs that we’d love to join our family.”M&A SpreeOther BDCs have also been looking for acquisition opportunities.Investcorp Credit Management said in June it would buy a majority stake in CM Investment Partners, the manager of a BDC. FS/KKR Advisor LLC, a partnership between FS Investments and KKR Credit, disclosed in the same month it is merging four of its non-traded BDCs into one entity with more than $9 billion in assets under management.OHA is a middle market lender externally managed by Oak Hill Advisors LP. Its shareholders will get of 108% of OHA’s net asset value.The newly combined company will be externally managed by Sierra Crest Investment Management LLC, an affiliate of BC Partners Advisors LP, and LibreMax Capital LLC.(Adds LibreMax Capital in last paragraph.)To contact the reporter on this story: Kelsey Butler in New York at kbutler55@bloomberg.netTo contact the editors responsible for this story: Natalie Harrison at nharrison73@bloomberg.net, Adam CataldoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire

    OHA Investment Corporation to Merge with Portman Ridge Finance Corporation

    NEW YORK, Aug. 01, 2019 -- OHA Investment Corporation (NASDAQ: OHAI) (“OHAI”) and Portman Ridge Finance Corporation (“PTMN”) (NASDAQ: PTMN) (f/k/a KCAP Financial, Inc.) today.

  • GlobeNewswire

    Portman Ridge Finance Corporation Announces Anticipated Quarterly Distribution Schedule

    Portman Ridge Finance Corporation (PTMN) (the “Company”) announced that it plans to modify the timing of its quarterly distributions to align with industry standards and the timing of the filing of its financial statements by shifting just the declaration date and payable date. To illustrate these changes, a comparison of the Company’s 2018 distribution schedule to the anticipated 2019 schedule is below.

  • ACCESSWIRE

    Portman Ridge Finance Corp. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / May 10, 2019 / Portman Ridge Finance Corp. (NASDAQ: PTMN ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 10, 2019 at 9:00 ...

  • Associated Press

    KCAP Financial: 1Q Earnings Snapshot

    The New York-based company said it had a loss of 29 cents per share. Losses, adjusted for non-recurring costs, came to 6 cents per share. The business development company posted revenue of $5.8 million ...

  • GlobeNewswire

    Portman Ridge Finance Corporation Announces First Quarter 2019 Financial Results

    NEW YORK, May 10, 2019 -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) announces its first quarter 2019 financial results. Recent Developments As.

  • GlobeNewswire

    Portman Ridge Finance Corporation to Report First Quarter 2019 Financial Results on May 10th 2019; Conference Call Scheduled

    Portman Ridge Finance Corporation (PTMN) (the “Company”) will release its financial results for the quarter ended March 31, 2019 on Friday, May 10, 2019 prior to the opening of the markets. The Company will host a conference call on Friday, May 10th, 2019 at 9:00 am Eastern Time. A live audio webcast of the conference call can be accessed via the Internet, on a listen-only basis on our Company's website www.portmanridge.com in the Investor Relations section under Events.