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Upturn AI SWOT - About
Portman Ridge Finance Corp (PTMN)
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Upturn Advisory Summary
06/12/2025: PTMN (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
4 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $15.5
1 Year Target Price $15.5
| 2 | Strong Buy |
| 0 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -2% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/12/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 115.22M USD | Price to earnings Ratio - | 1Y Target Price 15.5 |
Price to earnings Ratio - | 1Y Target Price 15.5 | ||
Volume (30-day avg) 4 | Beta 0.51 | 52 Weeks Range 11.17 - 17.19 | Updated Date 07/1/2025 |
52 Weeks Range 11.17 - 17.19 | Updated Date 07/1/2025 | ||
Dividends yield (FY) 15.08% | Basic EPS (TTM) -1.13 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -18.1% | Operating Margin (TTM) 71.28% |
Management Effectiveness
Return on Assets (TTM) 5.37% | Return on Equity (TTM) -5.47% |
Valuation
Trailing PE - | Forward PE 9 | Enterprise Value 358875776 | Price to Sales(TTM) 1.99 |
Enterprise Value 358875776 | Price to Sales(TTM) 1.99 | ||
Enterprise Value to Revenue 33.92 | Enterprise Value to EBITDA - | Shares Outstanding 9202870 | Shares Floating - |
Shares Outstanding 9202870 | Shares Floating - | ||
Percent Insiders 2.11 | Percent Institutions 15.08 |
Analyst Ratings
Rating 2 | Target Price 15.5 | Buy - | Strong Buy 2 |
Buy - | Strong Buy 2 | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Portman Ridge Finance Corp
Company Overview
History and Background
Portman Ridge Finance Corporation (PTMN) is an externally managed, closed-end, non-diversified investment management company that focuses on middle market lending. Formerly known as KCAP Financial, Inc., the company was founded in 2006. The name change to Portman Ridge reflects a strategic shift in focus and management.
Core Business Areas
- Direct Lending: Provides direct lending solutions to middle-market companies, primarily through first-lien senior secured debt.
- Investment Management: Manages assets and provides advisory services, generating fee income.
Leadership and Structure
The company is externally managed by Sierra Crest Investment Management LLC. This external management structure is common among Business Development Companies (BDCs). Marcy L. Miller serves as the Chief Executive Officer.
Top Products and Market Share
Key Offerings
- Senior Secured Debt Investments: Primarily focuses on first-lien senior secured debt to middle-market companies. As a BDC, Portman Ridgeu2019s market share is relative to the broader private credit market, which is highly fragmented. Competitors include Ares Capital (ARCC) and Golub Capital (GBDC).
Market Dynamics
Industry Overview
The BDC industry is influenced by interest rates, economic growth, and regulatory changes. It focuses on providing capital to middle-market companies underserved by traditional banks.
Positioning
Portman Ridge aims to generate current income and capital appreciation through its debt investments. Its competitive advantage lies in its expertise in middle-market lending and its relationship-based approach.
Total Addressable Market (TAM)
The middle-market lending TAM is estimated to be in the hundreds of billions of dollars. Portman Ridge aims to capture a small, targeted portion of this market.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Focus on senior secured debt
- External Management incentivized for growth
Weaknesses
- Small market capitalization
- External management structure creating possible conflicts of interest
- High operating costs
Opportunities
- Growing demand for private credit
- Expanding middle-market lending activities
- Strategic acquisitions to grow AUM
Threats
- Economic downturn impacting portfolio companies
- Increased competition in middle-market lending
- Rising interest rates affecting debt servicing
Competitors and Market Share
Key Competitors
- ARCC
- GBDC
- TCRD
- OXSQ
- SLRC
Competitive Landscape
Portman Ridge competes with larger BDCs and asset managers. Its smaller size may be a disadvantage, but its focus on senior secured debt provides some differentiation.
Growth Trajectory and Initiatives
Historical Growth: Growth has been influenced by portfolio investments and management strategy. Need to refer to financial records.
Future Projections: Analyst projections for Portman Ridge's future growth vary depending on market conditions and company performance. Need to refer to analysts reports.
Recent Initiatives: Recent initiatives include portfolio optimization and strategic acquisitions. Need to refer to Company announcements.
Summary
Portman Ridge Finance Corporation is a small BDC focused on middle-market lending. While it benefits from an experienced management team and a focus on senior secured debt, it faces challenges due to its smaller size and external management structure. Economic conditions and competition in the middle-market lending space pose risks to its future performance. Successfully navigating these challenges will be crucial for long-term growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (SEC), Bloomberg, Yahoo Finance, Analyst reports
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Market conditions are dynamic and can change rapidly. Do your own research before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Portman Ridge Finance Corp
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2006-12-12 | Chairman, CEO & President Mr. Edward Joseph Goldthorpe | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website https://www.portmanridge.com |
Full time employees - | Website https://www.portmanridge.com | ||
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. The fund primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors. The fund typically invests $1 million to $20 million in its portfolio companies. The fund provides senior secured term loans from $2 million to $20 million maturing in five to seven years; second lien term loans from $5 million to $15 million maturing in six to eight years; senior unsecured loans $5 million to $23 million maturing in six to eight years; mezzanine loans from $5 million to $15 million maturing in seven to ten years; and equity investments from $1 to $5 million. The fund targets the companies with EBITDA between $5 million and $25 million. While investing in debt securities, it invests in those middle market firms with EBITDA between $10 million and $50 million and/or total debt between $25 million and $150 million. The fund invests in minority, and majority or control equity positions alongside its private equity sponsor partners.
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