Squarepoint Ops LLC Acquires New Stake in Portman Ridge Finance Corporation $PTMN

Squarepoint Ops LLC acquired a new stake in Portman Ridge Finance Corporation (NASDAQ:PTMN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 45,870 shares of the company’s stock, valued at approximately $574,000. Squarepoint Ops LLC owned 0.35% of Portman Ridge Finance as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marex Group plc acquired a new position in shares of Portman Ridge Finance during the second quarter worth about $1,029,000. Marshall Wace LLP acquired a new position in Portman Ridge Finance during the 2nd quarter worth approximately $822,000. Winnow Wealth LLC purchased a new position in shares of Portman Ridge Finance during the 2nd quarter worth approximately $201,000. Royal Bank of Canada lifted its holdings in shares of Portman Ridge Finance by 69.9% in the 1st quarter. Royal Bank of Canada now owns 16,354 shares of the company’s stock valued at $235,000 after buying an additional 6,730 shares during the period. Finally, Virtus Investment Advisers LLC boosted its stake in shares of Portman Ridge Finance by 15.3% in the second quarter. Virtus Investment Advisers LLC now owns 43,619 shares of the company’s stock valued at $546,000 after buying an additional 5,775 shares in the last quarter. Hedge funds and other institutional investors own 30.14% of the company’s stock.

Portman Ridge Finance Trading Up 0.7%

Shares of PTMN stock opened at $11.87 on Thursday. The business’s fifty day moving average price is $12.34 and its 200 day moving average price is $12.24. The firm has a market capitalization of $156.59 million, a PE ratio of -12.76 and a beta of 0.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 3.11 and a quick ratio of 3.11. Portman Ridge Finance Corporation has a 1-year low of $11.48 and a 1-year high of $18.92.

About Portman Ridge Finance

Portman Ridge Finance (NASDAQ: PTMN) is a publicly traded, closed-end management investment company that has elected to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940. Since its formation in 2015, the firm has focused on providing customized financing solutions to U.S. middle-market companies, including senior secured loans, unitranche instruments, mezzanine debt and select equity co‐investments. Its flexible approach allows Portman Ridge to structure transactions that address a range of sponsor-backed and privately negotiated financing needs.

The company’s portfolio spans a variety of industry sectors such as healthcare, business services, consumer goods and industrials.