Portman Ridge Finance (NASDAQ:BCIC) Raised to Strong-Buy at Wall Street Zen

Portman Ridge Finance (NASDAQ:BCIC) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday.

Separately, Weiss Ratings raised Portman Ridge Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Portman Ridge Finance Stock Down 1.6%

Portman Ridge Finance stock opened at $11.27 on Friday. Portman Ridge Finance has a 52-week low of $11.12 and a 52-week high of $17.50. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 1.39. The firm has a market cap of $147.41 million, a P/E ratio of 10.34 and a beta of 0.38.

Institutional Trading of Portman Ridge Finance

A hedge fund recently bought a new stake in Portman Ridge Finance stock. Arlington Trust Co LLC acquired a new position in Portman Ridge Finance Corp (NASDAQ:BCIC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,468 shares of the company’s stock, valued at approximately $29,000. Institutional investors own 30.14% of the company’s stock.

About Portman Ridge Finance

Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm’s business. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors.