PTMN Stock Recent News

Portman Ridge Finance Corporation (NASDAQ:PTMN ) Q3 2023 Results Conference Call November 9, 2023 4:00 PM ET Company Participants Ted Goldthorpe - Chairman, CEO and President Patrick Schafer - Chief Investment Officer Jason Roos - CFO, Secretary and Treasurer Conference Call Participants Paul Johnson - KBW Christopher Nolan - Ladenburg Thalmann Steven Martin - Slater Operator Welcome to Portman Ridge Finance Corporation's Third Quarter 2023 Earnings Conference Call. An earnings press release was distributed yesterday, November 8, after market close.

NEW YORK, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge” or the “Company”) to release its financial results for the third quarter ended September 30, 2023, on Wednesday, November 8, 2023, after market close. The Company will host a conference call on Thursday, November 9, 2023, at 4:00 p.m.

Portman Ridge (PTMN) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.57 per share a year ago.

Portman Ridge Finance has been struggling to outperform its peers and the S&P 500, with its stock underperforming over the past nine months. Despite a rise in total investment, core investment, and net investment income in Q1 2023, the company saw a decline in total investments at fair value and an increase in non-accruals. The company is still absorbing costs and monetizing assets from M&A activities between 2019 and 2021, and analysts rate the stock as underperforming with a negative view.

NEW YORK, July 13, 2023 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) to release its financial results for the second quarter ended June 30, 2023, on Wednesday, August 9, 2023, after market close. The Company will host a conference call on Thursday, August 10, 2023, at 9:00 a.m.

Portman Ridge (PTMN) could produce exceptional returns because of its solid growth attributes.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Portman Ridge (PTMN) could produce exceptional returns because of its solid growth attributes.

Portman Ridge (PTMN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Portman Ridge (PTMN) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.82 per share a year ago.