Winnow Wealth LLC Makes New $201,000 Investment in Portman Ridge Finance Corporation $PTMN

Winnow Wealth LLC purchased a new position in Portman Ridge Finance Corporation (NASDAQ:PTMN) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,060 shares of the company’s stock, valued at approximately $201,000.

Other large investors have also made changes to their positions in the company. Ethos Financial Group LLC purchased a new stake in Portman Ridge Finance during the 1st quarter worth about $183,000. Founders Financial Alliance LLC boosted its stake in shares of Portman Ridge Finance by 13.3% during the 1st quarter. Founders Financial Alliance LLC now owns 70,516 shares of the company’s stock worth $1,012,000 after purchasing an additional 8,299 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Portman Ridge Finance by 69.9% during the 1st quarter. Royal Bank of Canada now owns 16,354 shares of the company’s stock worth $235,000 after purchasing an additional 6,730 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Portman Ridge Finance by 7.4% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,714 shares of the company’s stock worth $398,000 after buying an additional 1,903 shares in the last quarter. Institutional investors and hedge funds own 30.14% of the company’s stock.

Portman Ridge Finance Stock Performance

Shares of PTMN opened at $12.64 on Thursday. The company has a market capitalization of $166.75 million, a price-to-earnings ratio of -13.59 and a beta of 0.60. The company has a debt-to-equity ratio of 1.54, a quick ratio of 3.11 and a current ratio of 3.11. Portman Ridge Finance Corporation has a 1 year low of $11.48 and a 1 year high of $18.92. The company’s 50 day simple moving average is $11.90 and its 200 day simple moving average is $12.14.

Portman Ridge Finance Profile

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, mezzanine, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business.