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 April 30, 2024, PTMN stock price declined to $19.35 with 21,055 million shares trading.

PTMN has a beta of 0.38, meaning it tends to be less sensitive to market movements. PTMN has a correlation of 0.07 to the broad based SPY ETF.

PTMN has a market cap of $180.70 million. This is considered a Micro Cap stock.

Last quarter Portman Ridge Finance - Closed End reported $18 million in Revenue and $1.19 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.40.

In the last 3 years, PTMN stock traded as high as $25.97 and as low as $16.27.

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

PTMN stock has underperformed the market in the last year with a return of +8.9%, while SPY returned +23.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PTMN shares. However, PTMN has outperformed the market in the last 3 month and 2 week periods, returning +6.7% and +1.9%, while SPY returned +3.2% and +0.2%, respectively. This indicates PTMN has been having a stronger performance recently.

PTMN support price is $19.52 and resistance is $19.96 (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 stock will trade within this expected range on the day.