Portman Ridge Finance Corporation Announces Second Quarter 2024 Financial Results
Portman Ridge Finance Corporation - Closed End Fund (PTMN)
Company Research
Source: GlobeNewswire
Reports Net Investment Income of $0.70 Per Share and Net Asset Value of $21.21 Per Share Amends and Extends Existing Senior Secured Revolving Credit Facility; Upsizes Commitments to $200.0 Million from $115.0 Million, Reduces Interest Rate Margin to 2.50% from 2.80% Continued Share Repurchase Program: Total of 79,722 Shares for an Aggregate Cost of Approximately $1.6 Million Repurchased During the Second Quarter; Accretive to NAV by $0.03 Per Share Announces Third Quarter 2024 Quarterly Distribution of $0.69 Per Share NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Total investment income for the second quarter of 2024 was $16.3 million, as compared to $16.5 million for the first quarter of 2024.Core investment income1, excluding the impact of purchase price accounting, for the second q
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News
- https://seekingalpha.com/article/4744553-portman-ridge-finance-this-16-4-percent-yield-is-a-hold-for-now-but-proceed-with-caution [Seeking Alpha]Seeking Alpha
- Boards of Directors of Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Form Special Committees to Continue Evaluating Potential Business Combination [Yahoo! Finance]Yahoo! Finance
- Boards of Directors of Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Form Special Committees to Continue Evaluating Potential Business CombinationGlobeNewswire
- Portman Ridge Finance Co. (NASDAQ: PTMN) had its price target lowered by analysts at Keefe, Bruyette & Woods from $19.00 to $18.00. They now have a "market perform" rating on the stock.MarketBeat
- Portman Ridge Finance Corp (PTMN) Q3 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]Yahoo! Finance
PTMN
Earnings
- 11/7/24 - Miss
PTMN
Sec Filings
- 12/4/24 - Form DEL
- 11/25/24 - Form N-2
- 11/14/24 - Form SC
- PTMN's page on the SEC website