Portman Ridge Finance Corp (BCIC) To Go Ex-Dividend on February 16th

Portman Ridge Finance Corp (NASDAQ:BCIC) declared a monthly dividend on Wednesday, November 11th. Stockholders of record on Tuesday, February 16th will be given a dividend of $0.09 per share on Tuesday, March 2nd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 19.5%. The ex-dividend date of this dividend is Tuesday, February 16th.

Portman Ridge Finance Trading Down 15.5%

NASDAQ BCIC opened at $5.55 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.56. Portman Ridge Finance has a twelve month low of $5.36 and a twelve month high of $13.44. The firm has a market capitalization of $68.71 million, a PE ratio of 3.40 and a beta of 0.55. The stock’s 50 day moving average is $6.65 and its 200 day moving average is $7.96.

Portman Ridge Finance Company Profile

Portman Ridge Finance Corporation is a business development company that provides financing to privately owned, primarily middle-market companies in the United States. The company invests across the capital structure, with a focus on senior secured loans, subordinated debt and, in some cases, equity securities. Through its investment portfolio, Portman Ridge seeks to support companies with acquisition financing, recapitalizations, refinancing and general corporate funding. Its investments may include first-lien and second-lien loans, unitranche facilities and other structured credit instruments.