PTMN Stock Recent News

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Logan Ridge Finance Corporation (NasdaqGS: LRFC) to Portman Ridge Finance Corporation (NasdaqGS: PTMN). Under the terms of the proposed transaction, shareholders of Logan Ridge will receive 1.50 newly issued shares of Portman for each share of Logan Ridge that they own. KSF is seeking to determine whether this.

Portman Ridge Finance Corporation (NASDAQ:PTMN ) Q1 2025 Earnings Conference Call May 9, 2025 10:00 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President & Director Patrick Schafer - Chief Investment Officer Brandon Satoren - Chief Financial Officer Conference Call Participants Erik Zwick - Lucid Capital Markets Christopher Nolan - Ladenburg Steven Martin - Slater Capital Lee Crockett - Private Investor Operator Welcome to Portman Ridge Finance Corporation's First Quarter March 31, 2025 Earnings Conference Call. An earnings press release was distributed yesterday, May 08, 2025, after the close of the market.

Portman Ridge (PTMN) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.67 per share a year ago.

Reports Net Investment Income of $0.47 Per Share and Net Asset Value of $18.85 Per Share Deployment of Approximately $17.5 Million and Sales and Repayments of Approximately $15.7 Million for Net Deployment of Approximately $1.8 Million Announces Second Quarter 2025 Quarterly Base Distribution of $0.47 Per Share Investors are Encouraged to Vote FOR the Acquisition of Logan Ridge Finance Corporation NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Total investment income for the first quarter of 2025 was $12.1 million, down from $14.4 million in the fourth quarter of 2024, due to the reversal of previously accrued income after a portfolio company was placed on non-accrual status in the first quarter of 2025.

BDCs have gone through a notable repricing. Some of them are trading now at a deep discount territory. These deep discounts enhance the risk to reward ratios, especially for those that have been unfairly punished.

NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge” or the “Company”) to release its financial results for the first quarter ended March 31, 2025, on Thursday, May 8, 2025, after market close. The Company will host a conference call on Friday, May 9, 2025, at 10:00 a.m.

PTMN's NAV and earnings are declining, with poor new investment activity and a recent 32% dividend cut, prompting a downgrade to a sell rating. The portfolio is diverse and mostly secured, but non-accruals and growing PIK income indicate quality issues and distressed borrowers. PTMN's price is inversely related to interest rates, and with rates expected to remain high, the stock is likely to continue underperforming.

Portman Ridge Finance Corporation (NASDAQ:PTMN ) Q4 2024 Results Conference Call March 14, 2025 10:30 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President & Director Patrick Schafer - Chief Investment Officer Brandon Satoren - Chief Financial Officer Conference Call Participants Chris Nolan - Ladenburg Steve Slater - Slater Capital Management Paul Johnson - KBW Operator Welcome to Portman Ridge Finance Corporation's Fourth Quarter and Full Year Ended December 31, 2024 Earnings Conference Call. An earnings press release was distributed yesterday, March 13 2025, after the close of the market.

Portman Ridge (PTMN) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $1.19 per share a year ago.

Reports Net Investment Income of $2.59 Per Share for Full Year 2024 and Net Asset Value of $19.41 Per Share