Portman Ridge Finance (NASDAQ:PTMN – Get Free Report)‘s stock had its “market perform” rating reaffirmed by research analysts at Oppenheimer in a note issued to investors on Friday, Benzinga reports. They currently have a $20.00 price target on the stock. Oppenheimer’s price target points to a potential upside of 4.33% from the stock’s current price.
Separately, Keefe, Bruyette & Woods dropped their price objective on shares of Portman Ridge Finance from $20.50 to $20.00 and set a “market perform” rating on the stock in a research note on Monday.
View Our Latest Analysis on PTMN
Portman Ridge Finance Stock Up 0.4 %
Institutional Investors Weigh In On Portman Ridge Finance
Several large investors have recently made changes to their positions in the company. Privium Fund Management UK Ltd acquired a new stake in shares of Portman Ridge Finance in the fourth quarter valued at approximately $1,789,000. Cape Investment Advisory Inc. acquired a new position in shares of Portman Ridge Finance during the fourth quarter valued at approximately $62,000. Founders Financial Alliance LLC acquired a new position in shares of Portman Ridge Finance during the fourth quarter valued at approximately $255,000. International Assets Investment Management LLC increased its stake in shares of Portman Ridge Finance by 1,719.0% during the fourth quarter. International Assets Investment Management LLC now owns 58,153 shares of the company’s stock valued at $1,058,000 after acquiring an additional 54,956 shares during the period. Finally, Arlington Trust Co LLC acquired a new position in shares of Portman Ridge Finance during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 28.56% of the company’s stock.
Portman Ridge Finance Company 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.
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