https://seekingalpha.com/article/4744553-portman-ridge-finance-this-16-4-percent-yield-is-a-hold-for-now-but-proceed-with-caution [Seeking Alpha]
Portman Ridge Finance Corporation - Closed End Fund (PTMN)
Company Research
Source: Seeking Alpha
NMFC LRFC GECC TPVG 2 Comments The Dividend Collectuh Investing Group Follow Play 10min Summary Portman Ridge Finance Corporation offers a high yield but has shown disappointing returns, with a nearly 20% decline over the past 3 years. The business development company's financials are concerning, with declining net investment income and NAV erosion, raising questions about dividend safety. Despite a 17.19% discount to NAV and spillover income, the dividend coverage is weak, and leverage is above the sector median. I recommend holding off on investing until there is better clarity in the financials over the next 1 to 2 quarters. Although dividend coverage should remain safe for the near term, declining interest rates could force a dividend cut. Looking for more investing ideas like this one? Get them exclusively at iREIT®+HOYA Capital. Learn More » alexsl/iStock via Getty Images Introduction I was someone who once chased high yields, but who hasn'
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High impacting Portman Ridge Finance Corporation - Closed End Fund news events
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PTMN
News
- 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
- Portman Ridge Finance Corporation Announces Third Quarter 2024 Financial ResultsGlobeNewswire
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