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Initiation
Opco starts Portman Ridge at Perform, says price reflects recession impact » 16:37
07/05/22
07/05
16:37
07/05/22
16:37
PTMN

Portman Ridge Finance

$23.32 /

-0.7 (-2.91%)

Oppenheimer analyst…

Oppenheimer analyst Mitchel Penn initiated coverage of Portman Ridge Finance with a Perform rating and $26 price target. The analyst believes Portman's stock price likely reflects the impact of a possible recession, and is accordingly started the stock at Perform. Penn estimates that Portman will likely earn $2.46 per share and $2.81 per share in 2022 and 2023, respectively.

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PTMN Portman Ridge Finance
$23.32 /

-0.7 (-2.91%)

PTMN Portman Ridge Finance
$23.32 /

-0.7 (-2.91%)

07/05/22 Oppenheimer
Portman Ridge Finance initiated with a Perform at Oppenheimer
Initiation
Portman Ridge Finance initiated with a Perform at Oppenheimer » 16:28
07/05/22
07/05
16:28
07/05/22
16:28
PTMN

Portman Ridge Finance

$23.32 /

-0.7 (-2.91%)

Oppenheimer analyst…

Oppenheimer analyst Mitchel Penn initiated coverage of Portman Ridge Finance with a Perform rating and $26 price target.

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PTMN Portman Ridge Finance
$23.32 /

-0.7 (-2.91%)

Over a quarter ago
Hot Stocks
Portman Ridge Finance resumes share repurchase program » 08:20
03/21/22
03/21
08:20
03/21/22
08:20
PTMN

Portman Ridge Finance

$23.58 /

+ (+0.00%)

Portman Ridge Finance…

Portman Ridge Finance announced that it has entered into a new Rule 10b5-1 stock trading plan to facilitate the repurchase of its common stock in accordance with its recently re-authorized $10M share repurchase program. Repurchases may be made in the open market at prevailing market prices from time to time as market conditions warrant. All repurchases will be implemented in accordance with the applicable requirements of Rules 10b5-1 and 10b-18 under the U.S. Securities Exchange Act of 1934. Of note, on March 8, 2022, the Company's Board of Directors re-authorized its share repurchase program, whereby the Company may repurchase up to an aggregate of $10 million of its shares in the open market until March 31, 2023, including pursuant to the above-described new Rule 10b5-1 stock trading plan.

Hot Stocks
Portman Ridge Finance completes 1-for-10 reverse stock split » 07:10
08/26/21
08/26
07:10
08/26/21
07:10
PTMN

Portman Ridge Finance

$24.00 /

+0.2 (+0.84%)

Portman Ridge Finance…

Portman Ridge Finance Corporation reported that its previously announced 1-for-10 reverse stock split became effective today, Thursday, August 26, 2021, and its common stock will begin trading on a split-adjusted basis on the Nasdaq Stock Market at market open. As a result of the reverse stock split, the number of issued and outstanding shares of the Company's common stock will be reduced on a 10:1 basis, such that each shareholder will receive one share for every ten shares owned. Trading in the common stock will continue on the Nasdaq Stock Market under the symbol "PTMN" under a new CUSIP number 73688F201. The reverse stock split was approved by Portman Ridge's shareholders at its annual stockholders' meeting held on June 7, 2021, and on August 4, 2021, a reverse stock split ratio of 1-for-10 shares was approved by the Company's Board of Directors. In connection with the reverse stock split, the Company's certificate of incorporation was amended to reduce the authorized number of shares of the Company's common stock from 100 million shares to 20 million shares. Additional information regarding the reverse stock split can be found in the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 23, 2021.

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PTMN Portman Ridge Finance
$24.00 /

+0.2 (+0.84%)

PTMN Portman Ridge Finance
$24.00 /

+0.2 (+0.84%)

12/30/20 Keefe Bruyette
Portman Ridge Finance price target raised to $2 from $1.75 at Keefe Bruyette
12/30/20 Keefe Bruyette
Harvest Capital price target raised to $7.50 from $4.25 at Keefe Bruyette
Hot Stocks
Portman Ridge Finance to implement 1-for-10 reverse stock split on Aug. 26 » 07:03
08/23/21
08/23
07:03
08/23/21
07:03
PTMN

Portman Ridge Finance

$2.39 /

+ (+0.00%)

Portman Ridge Finance…

Portman Ridge Finance Corporation reported that it expects to implement the previously announced 1-for-10 reverse stock split effective Thursday, August 26, 2021 with trading to begin on a split-adjusted basis at the market open on that day. Trading in the common stock will continue on the Nasdaq Stock Market under the symbol "PTMN" but the security will be assigned a new CUSIP number. The reverse stock split was approved by Portman Ridge's shareholders at its annual stockholders' meeting held on June 7, 2021, and on August 4, 2021, a reverse stock split ratio of 1-for-10 shares was approved by the Company's Board of Directors. Upon the effectiveness of the reverse stock split, every ten shares of the Company's issued and outstanding common stock will automatically be converted into one share of issued and outstanding common stock. No fractional shares will be issued as a result of the reverse stock split. Instead, any stockholder who would have been entitled to receive a fractional share as a result of the reverse stock split will receive cash payments in lieu of such fractional shares. The reverse stock split affects all shareholders uniformly and will not alter any shareholder's percentage interest in the Company's outstanding common stock, except for adjustments that may result from the treatment of fractional shares. In connection with the reverse stock split, the Company's certificate of incorporation will also be amended to reduce the authorized number of shares of the Company's common stock from 100 million shares to 20 million shares. Additional information regarding the reverse stock split can be found in the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 23, 2021.

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PTMN Portman Ridge Finance
$2.39 /

+ (+0.00%)

PTMN Portman Ridge Finance
$2.39 /

+ (+0.00%)

12/30/20 Keefe Bruyette
Portman Ridge Finance price target raised to $2 from $1.75 at Keefe Bruyette
12/30/20 Keefe Bruyette
Harvest Capital price target raised to $7.50 from $4.25 at Keefe Bruyette

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