Portman Ridge Finance (NASDAQ:PTMN) Downgraded by Zacks Investment Research to Hold

Portman Ridge Finance stock has undergone multiple analysts rating changes in the recent past.  Portman Ridge Finance Downgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Portman Ridge Finance traded down -$0.16 on Tuesday, reaching $24.33. 0 shares of the stock traded hands, compared to its average volume of 36634. Shares of Portman Ridge Finance were trading at $24.33 on Tuesday. The firm’s 50 day moving average is $24.24 and its 200 day moving average is $22.64.Portman Ridge Finance has a 12 month low of $24.22 and a 12 month high of $25.80. While on yearly highs and lows, Portman Ridge Finance’s today has traded high as $24.55 and has touched $24.22 on the downward trend. See More Analyst Rating at: RATING

Portman Ridge Finance Earnings and What to expect: 

Portman Ridge Finance last posted its quarterly earnings results on August 5th, 2021. The reported $1.50 EPS for the quarter. The firm had revenue of $21.55 million for the quarter. Portman Ridge Finance has generated $3.40 earnings per share over the last year ($11.80 diluted earnings per share) and currently has a price-to-earnings ratio of 2.1. Earnings for Portman Ridge Finance are expected to decrease by -23.08% in the coming year, from $3.90 to $3.00 per share. Portman Ridge Finance has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, November 8th, 2021 based off prior year’s report dates.

Earnings for Portman Ridge Finance are expected to decrease by -23.08% in the coming year, from $3.90 to $3.00 per share. The P/E ratio of Portman Ridge Finance is 2.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.78. The P/E ratio of Portman Ridge Finance is 2.06, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.56. Portman Ridge Finance has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Portman Ridge Finance (NASDAQ:PTMN) Moving Average Technical Analysis

5 day Moving Average is $24.29 And 5 day price change is $0.17 (0.70%)  with average volume for 5 day average is 51,120. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $24.21 and 20 day price change is $0.63 (2.66%) and average 20 day moving volume is 35,025. 50 day moving average is $24.24  and 50 day price change is $0.43 ( 1.80%)  and with average volume for 50 days is : 35,296. 200 day moving average is $22.64  and 200 day price change is $7.43 (43.96%)  and with average volume for 200 days is : 39,329.

Other owners latest trading in Portman Ridge Finance :

  • On 10/8/2021 shares held by Eidelman Virant Capital were 13,600 which equates to market value of $0.33M and appx 0.10% owners of Portman Ridge Finance
  • On 10/4/2021 shares held by Confluence Investment Management LLC were 52,250 which equates to market value of $1.27M and appx 0.00% owners of Portman Ridge Finance
  • On 8/25/2021 shares held by Marshall Wace LLP were 263,605 which equates to market value of $0.63M and appx 0.00% owners of Portman Ridge Finance
  • In total Institutional ownership equates to Institutional Ownership Percentage: 13.62% for Portman Ridge Finance

See More Analyst Rating at: RATING