Portman Ridge Finance (NASDAQ:BCIC) Stock Rating Raised to Hold at Zacks Research

Portman Ridge Finance (NASDAQ:BCIC) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

Other research analysts have also issued reports about the stock. Keefe, Bruyette & Woods reduced their price target on shares of Portman Ridge Finance from $9.00 to $7.50 and set a “market perform” rating for the company in a research report on Monday, August 10th. Oppenheimer lowered their price objective on Portman Ridge Finance from $12.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, August 10th. Finally, Weiss Ratings raised Portman Ridge Finance from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, October 28th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $9.25.

Portman Ridge Finance Stock Performance

NASDAQ BCIC opened at $6.03 on Tuesday. Portman Ridge Finance has a 1 year low of $5.78 and a 1 year high of $13.50. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $74.65 million, a PE ratio of 2.64 and a beta of 0.55. The company’s 50 day simple moving average is $6.82 and its two-hundred day simple moving average is $8.01.

About Portman Ridge Finance

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.