Portman Ridge Finance Corp (PTMN) Q3 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]
Portman Ridge Finance Corporation - Closed End Fund (PTMN)
Company Research
Source: Yahoo! Finance
Total Expenses: Decreased to $9.4 million in Q3 2024 from $9.9 million in Q2 2024. Net Investment Income: $5.8 million or 63 per share in Q3 2024, down from $6.5 million or 70 per share in Q2 2024. Net Asset Value (NAV): $188 million or $20.36 per share as of September 30, 2024, down from $196.4 million or $21.21 per share in the prior quarter. Net Realized and Unrealized Losses: $7.3 million in Q3 2024, compared to $12.8 million in Q2 2024. Gross Leverage Ratio: Approximately 1.4 times as of September 30, 2024, compared to 1.5 times as of June 30, 2024. Borrowings Outstanding: $267.5 million with a weighted average interest rate of 6.7% as of September 30, 2024. Quarterly Distribution: 69 per share approved, payable on November 29, 2024. Warning! GuruFocus has detected 4 Warning Signs with PTMN. Release Date: November 12, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Portman Ridge Finance Corp ( NASDAQ:PT
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PTMN
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 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