Marex Group plc Acquires Shares of 82,151 Portman Ridge Finance Corporation $PTMN

Marex Group plc bought a new position in Portman Ridge Finance Corporation (NASDAQ:PTMN) in the second quarter, HoldingsChannel.com reports. The fund bought 82,151 shares of the company’s stock, valued at approximately $1,029,000.

Several other hedge funds and other institutional investors have also modified their holdings of PTMN. Ethos Financial Group LLC bought a new stake in Portman Ridge Finance in the first quarter valued at $183,000. Winnow Wealth LLC bought a new position in shares of Portman Ridge Finance during the second quarter valued at $201,000. Royal Bank of Canada boosted its stake 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 purchasing an additional 6,730 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Portman Ridge Finance by 7.4% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 27,714 shares of the company’s stock worth $398,000 after purchasing an additional 1,903 shares during the last quarter. Finally, Virtus Investment Advisers LLC grew its holdings in shares of Portman Ridge Finance by 15.3% in the 2nd quarter. Virtus Investment Advisers LLC now owns 43,619 shares of the company’s stock worth $546,000 after purchasing an additional 5,775 shares during the last quarter. Institutional investors own 30.14% of the company’s stock.

Portman Ridge Finance Stock Performance

Shares of PTMN stock opened at $12.72 on Monday. Portman Ridge Finance Corporation has a 12-month low of $11.48 and a 12-month high of $18.92. The company has a market capitalization of $167.80 million, a P/E ratio of -13.68 and a beta of 0.60. The firm has a 50-day moving average price of $12.22 and a 200 day moving average price of $12.23. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 1.54.

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