Trade Portman Ridge Finance Corporation - PTMN CFD

Trading Conditions

• Spread: 0.40
• Long position overnight feeLong position overnight feeMargin. Your investmentUS$1,000.00Overnight feeCharges from full value of position-0.026179 %(-US$1.05)Trade size with leverage ~ US$5,000.00Short position overnight fee ~ US$4,000.00Go to platform: -0.026179%
• Short position overnight feeShort position overnight feeMargin. Your investmentUS$1,000.00Overnight feeCharges from full value of position0.003957 %(US$0.16)Trade size with leverage ~ US$5,000.00Short position overnight fee ~ US$4,000.00Go to platform: 0.003957%
• Overnight fee time: 21:00 (UTC)
• Currency: USD
• Min traded quantity: 1
• Margin: 20
• Stock exchange: United States of America
• Commission on trade: 0%

• Margin. Your investment: US$1,000.00
• Overnight feeCharges from full value of position: -0.026179 %
  (-US$1.05)

• Margin. Your investment: US$1,000.00
• Overnight feeCharges from full value of position: 0.003957 %
  (US$0.16)

Key Stats

• Prev. Close: 19.43
• Open: 19.47
• 1-Year Change: -4.47%
• Day's Range: 19.13 - 19.53

Portman Ridge Finance Corporation Company profile

About Portman Ridge Finance Corp

Portman Ridge Finance Corporation is a non-diversified, closed-end investment company. The Company's investment objective is to generate current income and capital appreciation from the investments in senior secured term loans, mezzanine debt and selected equity investments in privately held middle market companies. The Company invests in middle market businesses that operate across a wide range of industries. The Company invest in other investments, such as loans to publicly traded companies, high-yield bonds, and distressed debt securities (collectively the debt securities portfolio). It invests in joint ventures and debt and subordinated securities issued by collateralized loan obligation funds (CLO Fund Securities). The Company's investment advisor is Sierra Crest Investment Management LLC and is an affiliate of BC Partners Advisors L.P.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Portman Ridge Finance Corp revenues increased 87% to $80.1M. Net income decreased 18% to $26M. Revenues reflect Investment Income Non Affiliates increase from $319K to $63.6M, Investment Income increase from $3.2M to $8.9M, Capital Structuring Service Fees increase from $868K to $2.4M. Net income was offset by CLO Fund securities managed by non-affil increase from $415K to $8M (expense).

Equity composition

Common Stock $.01 Par, 04/11, 100M auth., 22,767,130 issd., Insiders own 14.31%. IPO:12/12/06,13.5M shs. @ $15 pershare by LehmanBrothers.