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Portman Ridge Finance Corporation (PTMN)
NASDAQ:PTMN
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.53Last Year’s EPS
0.7Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 0.76%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights strategic progress, such as the proposed merger with Logan Ridge and a disciplined investment strategy. However, the company faces challenges with decreased investment income, unrealized portfolio depreciation, and a high proportion of income being PIK. The balance between strategic opportunities and current financial setbacks results in a mixed outlook.Company Guidance
During the first quarter of 2025, Portman Ridge Finance Corporation provided guidance on several key metrics, illustrating both challenges and strategic initiatives. The company executed its investment strategy by deploying approximately $17.5 million into defensively positioned opportunities, while also experiencing $15.7 million in repayments and sales, thus becoming net suppliers of capital. The Board approved a base distribution of $0.47 per share, maintaining a sustainable dividend policy. The company reported a net investment income of $4.3 million, or $0.47 per share, representing a decrease from the prior quarter. Total expenses were reduced to $7.8 million, mainly due to lower interest expenses and management fees. Portman Ridge's debt portfolio, largely composed of first lien loans, reflected an upside potential of $32.8 million in incremental net value. The merger with Logan Ridge is anticipated to enhance scale, liquidity, and operational efficiency, aiming to drive long-term shareholder value amidst an uncertain macroeconomic environment.Strategic Merger with Logan Ridge
The merger with Logan Ridge is seen as a meaningful step forward for the company, potentially providing increased scale, improved liquidity, and greater operational efficiency.
Net Suppliers of Capital
Portman Ridge reported $17.5 million in new investments and $15.7 million in repayments and sales, resulting in a net supplier of capital position.
Base Distribution Policy
The company has set a stable base distribution of $0.47 per share, anticipated to be sustainable across market cycles.
High Yield on New Investments
Overall yield on par value of new investments during the quarter was 10.6%, which is slightly below the current portfolio yield of 11%.
Strong Balance Sheet and Pipeline
The company reported a healthy pipeline, fortified balance sheet, and prudent investment strategy, with $52.6 million of available borrowing capacity.
PTMN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PTMN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $11.89 | $11.67 | -1.85% |
Mar 13, 2025 | $15.27 | $14.67 | -3.93% |
Nov 07, 2024 | $16.48 | $15.99 | -2.97% |
Aug 08, 2024 | $16.47 | $16.07 | -2.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Portman Ridge Finance Corporation (PTMN) report earnings?
Portman Ridge Finance Corporation (PTMN) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Portman Ridge Finance Corporation (PTMN) earnings time?
Portman Ridge Finance Corporation (PTMN) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PTMN EPS forecast?
PTMN EPS forecast for the fiscal quarter 2025 (Q2) is 0.53.