PTMN Stock Summary and Trading Ideas (Portman Ridge Finance - Closed End | NASDAQ:PTMN)

Portman Ridge Finance Corp Inc is a non-diversified closed-end investment company. The company originates, structures, and invests in secured term loans, bonds or notes, and mezzanine debt primarily in privately-held middle market companies but may also invest in other investments such as loans to publicly traded companies, high-yield bonds, and distressed debt securities. The company's investment objective in the Debt securities portfolio is to generate current income and, to a lesser extent, capital appreciation from the investments in senior secured term loans, mezzanine debt, and selected equity investments in privately-held middle market companies.

Portman Ridge Finance - Closed End trades on the NASDAQ stock market under the symbol PTMN.

As of December 13, 2024, PTMN stock price declined to $16.73 with 15,344 million shares trading.

PTMN has a beta of 0.02, meaning it tends to be less sensitive to market movements. PTMN has a correlation of 0.00 to the broad based SPY ETF.

PTMN has a market cap of $153.94 million. This is considered a Micro Cap stock.

Last quarter Portman Ridge Finance - Closed End reported $15 million in Revenue and $.63 earnings per share. This fell short of revenue expectation by $-1 million and missed earnings estimates by -$.05.

In the last 3 years, PTMN traded as high as $25.43 and as low as $16.27.

The top ETF exchange traded funds that PTMN belongs to (by Net Assets): VPC.

PTMN has underperformed the market in the last year with a price return of +14.0% while the SPY ETF gained +29.9%. PTMN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.4% and -2.3%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

PTMN support price is $16.66 and resistance is $17.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PTMN shares will trade within this expected range on the day.