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Portman Ridge Finance

Nasdaq:PTMN
Snowflake Description

Moderate growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PTMN
Nasdaq
$48M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans, first lien loans, second lien loans, subordinated debt, equity co-investment, buyout in middle market companies. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Portman Ridge Finance is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Portman Ridge Finance has significant price volatility in the past 3 months.
PTMN Share Price and Events
7 Day Returns
25.9%
NasdaqGS:PTMN
5.7%
US Capital Markets
2.4%
US Market
1 Year Returns
-64.6%
NasdaqGS:PTMN
-8.3%
US Capital Markets
-10%
US Market
PTMN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Portman Ridge Finance (PTMN) 25.9% -38.2% -52.7% -64.6% -72.1% -81.8%
US Capital Markets 5.7% -9% -20.5% -8.3% 8.4% 26.6%
US Market 2.4% -11% -19.4% -10% 9.6% 21.1%
1 Year Return vs Industry and Market
  • PTMN underperformed the Capital Markets industry which returned -8.3% over the past year.
  • PTMN underperformed the Market in United States of America which returned -10% over the past year.
Price Volatility
PTMN
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Portman Ridge Finance undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Portman Ridge Finance. This is due to cash flow or dividend data being unavailable. The share price is $1.07.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Portman Ridge Finance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Portman Ridge Finance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PTMN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.33
NasdaqGS:PTMN Share Price ** NasdaqGS (2020-04-08) in USD $1.07
United States of America Capital Markets Industry PE Ratio Median Figure of 92 Publicly-Listed Capital Markets Companies 33.4x
United States of America Market PE Ratio Median Figure of 2,948 Publicly-Listed Companies 12.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Portman Ridge Finance.

NasdaqGS:PTMN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PTMN Share Price ÷ EPS (both in USD)

= 1.07 ÷ -0.33

-3.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Portman Ridge Finance is loss making, we can't compare its value to the US Capital Markets industry average.
  • Portman Ridge Finance is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Portman Ridge Finance's expected growth come at a high price?
Raw Data
NasdaqGS:PTMN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
132.2%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 1.87x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.92x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Portman Ridge Finance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Portman Ridge Finance's assets?
Raw Data
NasdaqGS:PTMN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $3.40
NasdaqGS:PTMN Share Price * NasdaqGS (2020-04-08) in USD $1.07
United States of America Capital Markets Industry PB Ratio Median Figure of 192 Publicly-Listed Capital Markets Companies 8.59x
United States of America Market PB Ratio Median Figure of 5,162 Publicly-Listed Companies 1.26x
NasdaqGS:PTMN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PTMN Share Price ÷ Book Value per Share (both in USD)

= 1.07 ÷ 3.40

0.32x

* Primary Listing of Portman Ridge Finance.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Portman Ridge Finance is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Portman Ridge Finance's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Portman Ridge Finance has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Portman Ridge Finance expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
132.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Portman Ridge Finance expected to grow at an attractive rate?
  • Portman Ridge Finance's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Portman Ridge Finance's earnings growth is expected to exceed the United States of America market average.
  • Portman Ridge Finance's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PTMN Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PTMN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 132.2%
NasdaqGS:PTMN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts -2.7%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 4.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:PTMN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PTMN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 25 8 2
2020-12-31 26 -3 2
2020-04-09
NasdaqGS:PTMN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 26 -16 -12
2019-09-30 26 -6 -28
2019-06-30 26 -2 -23
2019-03-31 26 -2 -23
2018-12-31 27 24 -10
2018-09-30 27 15 4
2018-06-30 27 86 2
2018-03-31 27 90 6
2017-12-31 28 89 3
2017-09-30 30 88 2
2017-06-30 33 30 6
2017-03-31 34 37 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Portman Ridge Finance's earnings are expected to grow significantly at over 20% yearly.
  • Portman Ridge Finance's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:PTMN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Portman Ridge Finance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PTMN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.17 0.20 0.14 2.00
2020-12-31 -0.07 0.20 -0.33 2.00
2020-04-09
NasdaqGS:PTMN Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.33
2019-09-30 -0.76
2019-06-30 -0.61
2019-03-31 -0.62
2018-12-31 -0.26
2018-09-30 0.10
2018-06-30 0.05
2018-03-31 0.15
2017-12-31 0.09
2017-09-30 0.06
2017-06-30 0.15
2017-03-31 0.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Portman Ridge Finance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Portman Ridge Finance's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Portman Ridge Finance has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Portman Ridge Finance performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Portman Ridge Finance's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Portman Ridge Finance does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Portman Ridge Finance's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Portman Ridge Finance's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Portman Ridge Finance's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Portman Ridge Finance Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PTMN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 26.50 -12.50 13.73
2019-09-30 26.04 -28.28 13.74
2019-06-30 26.13 -22.68 13.52
2019-03-31 26.06 -23.14 13.37
2018-12-31 27.09 -9.63 9.68
2018-09-30 27.41 3.77 9.35
2018-06-30 26.50 1.77 9.37
2018-03-31 27.32 5.57 9.71
2017-12-31 28.26 3.36 9.58
2017-09-30 29.78 2.30 9.39
2017-06-30 32.54 5.62 9.41
2017-03-31 34.46 6.08 8.80
2016-12-31 36.20 -1.03 8.60
2016-09-30 38.34 -12.38 8.92
2016-06-30 41.10 -30.83 8.78
2016-03-31 42.70 -32.56 8.92
2015-12-31 45.53 -18.30 9.62
2015-09-30 45.89 -15.83 9.75
2015-06-30 44.95 8.03 9.94
2015-03-31 43.55 18.96 9.88
2014-12-31 41.21 14.83 9.55
2014-09-30 34.52 25.19 9.68
2014-06-30 36.33 16.99 9.43
2014-03-31 37.79 13.33 9.54
2013-12-31 39.18 17.12 9.19
2013-09-30 46.62 30.03 8.60
2013-06-30 44.33 39.41 7.96

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Portman Ridge Finance has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Portman Ridge Finance has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Portman Ridge Finance improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Portman Ridge Finance's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Portman Ridge Finance has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Portman Ridge Finance's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Portman Ridge Finance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Portman Ridge Finance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Portman Ridge Finance's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Portman Ridge Finance's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Portman Ridge Finance Company Filings, last reported 3 months ago.

NasdaqGS:PTMN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 152.20 153.86 0.14
2019-09-30 132.72 122.48 0.34
2019-06-30 139.18 119.51 0.24
2019-03-31 143.69 117.88 3.29
2018-12-31 158.02 100.40 5.42
2018-09-30 173.91 103.74 1.71
2018-06-30 176.15 101.79 2.45
2018-03-31 181.00 100.23 1.93
2017-12-31 181.80 101.41 2.03
2017-09-30 184.79 101.34 1.94
2017-06-30 189.61 169.91 2.40
2017-03-31 191.43 175.96 5.18
2016-12-31 194.92 175.58 1.31
2016-09-30 199.90 175.68 1.80
2016-06-30 202.22 180.22 2.84
2016-03-31 204.39 182.20 0.63
2015-12-31 216.10 201.10
2015-09-30 234.60 219.34 1.57
2015-06-30 257.80 224.18 2.81
2015-03-31 263.92 224.03 1.52
2014-12-31 255.32 223.88 1.22
2014-09-30 259.03 192.92 3.94
2014-06-30 258.51 192.81 2.31
2014-03-31 254.10 192.70 3.28
2013-12-31 250.37 192.59 3.43
2013-09-30 265.08 192.52 9.72
2013-06-30 274.31 197.66 7.67
  • Portman Ridge Finance's level of debt (98.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (87.7% vs 98.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Portman Ridge Finance is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Portman Ridge Finance's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Portman Ridge Finance has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Portman Ridge Finance's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
22.43%
Current annual income from Portman Ridge Finance dividends. Estimated to be 15.19% next year.
If you bought $2,000 of Portman Ridge Finance shares you are expected to receive $449 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Portman Ridge Finance's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.93%).
  • Portman Ridge Finance's dividend is above the markets top 25% of dividend payers in United States of America (5.46%).
Upcoming dividend payment

Purchase Portman Ridge Finance before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:PTMN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1935 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:PTMN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.14 2.00
2020-12-31 0.19 2.00
2020-04-09
NasdaqGS:PTMN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-17 0.240 27.234
2020-02-05 0.240 12.113
2019-11-05 0.240 11.091
2019-08-06 0.240 10.593
2019-03-20 0.400 14.732
2018-12-12 0.400 11.533
2018-09-18 0.400 12.682
2018-06-19 0.400 12.343
2018-03-20 0.400 12.645
2017-12-13 0.400 12.264
2017-09-22 0.480 13.845
2017-06-20 0.480 14.013
2017-03-21 0.480 13.100
2016-12-14 0.480 11.977
2016-09-20 0.600 14.211
2016-06-21 0.600 14.592
2016-03-18 0.600 17.127
2015-12-16 0.600 18.547
2015-09-22 0.840 17.895
2015-06-23 0.840 16.493
2015-03-24 0.840 13.741
2014-12-17 1.000 14.256
2014-09-19 1.000 13.014
2014-05-21 1.060 13.083
2014-03-21 1.060 13.040
2014-03-13 1.060 13.043
2014-03-12 1.060 13.071
2013-06-17 1.120 12.867
2013-03-15 1.120 10.572
2012-12-18 1.120 11.195
2012-09-17 0.960 10.881
2012-06-18 0.960 12.221
2012-03-16 0.720 11.458
2011-12-12 0.720 10.518
2011-09-15 0.720 11.601
2011-06-13 0.680 9.810
2011-03-21 0.680 8.914
2010-12-13 0.680 9.217
2010-11-08 0.680 10.061
2010-06-23 0.680 12.285
2010-03-19 0.680 12.858
2009-12-15 0.800 17.763
2009-09-24 0.960 18.317
2009-06-15 0.960 17.743

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Portman Ridge Finance's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Portman Ridge Finance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Portman Ridge Finance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Portman Ridge Finance has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Portman Ridge Finance's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ted Goldthorpe
AGE 42
TENURE AS CEO 1 years
CEO Bio

Mr. Edward Joseph Goldthorpe, also known as Ted, is Partner at BC Partners and has served as Managing Partner and In charge of Global Credit Business since February 2017. He serves as Chairman, President and Chief Executive Officer at BC Partners Lending Corporation and has been its Director since April 2018. He is the Chairman at Mount Logan Capital Inc. (Marret Resource Corp) since October 2018, and has been its Chief Executive Officer and Director since October 19, 2018. He has been Chairman of the Board of Directors, Chief Executive Officer and President at Portman Ridge Finance Corporation (formerly known as KCAP Financial Inc.) since April 1, 2019. He serves as Director of Crescent Point Energy Corp. since May 2017. He served as Senior Portfolio Manager of U.S. Opportunistic Credit from April 2012 to August 2016. He was previously President at Apollo Investment Corporation and the Chief Investment Officer of Apollo Investment Management where he was the head of its US Opportunistic Platform and also oversaw the Private Origination business from April 2012 to August 2016. Prior to Apollo, he worked at Goldman Sachs for several years where he most recently ran the bank loan distressed investing desk. He was previously the head of Principal Capital Investing for the Special Situations Group. He launched the BC Partners Credit business in 2017. Mr. Goldthorpe serves on the Global Advisory Board for the Queen's School of Business and serves on the board of directors for Her Justice and Capitalize for Kids. Mr. Goldthorpe received a B.A. in Commerce from Queen's University and is a frequent guest lecturer at leading universities across North America.

CEO Compensation
  • Insufficient data for Ted to compare compensation growth.
  • Insufficient data for Ted to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Portman Ridge Finance management team in years:

1
Average Tenure
41.5
Average Age
  • The average tenure for the Portman Ridge Finance management team is less than 2 years, this suggests a new team.
Management Team

Ted Gilpin

TITLE
CFO, Secretary & Treasurer
COMPENSATION
$797K
AGE
58
TENURE
7.8 yrs

Ted Goldthorpe

TITLE
Chairman
AGE
42
TENURE
1 yrs

Patrick Schafer

TITLE
Chief Investment Officer
AGE
33
TENURE
1 yrs

Andrew Devine

TITLE
Chief Compliance Officer
AGE
41
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Portman Ridge Finance board of directors in years:

1
Average Tenure
54.5
Average Age
  • The average tenure for the Portman Ridge Finance board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ted Goldthorpe

TITLE
Chairman
AGE
42
TENURE
1 yrs

Alex Duka

TITLE
Lead Independent Director
AGE
52
TENURE
1 yrs

George Grunebaum

TITLE
Independent Director
AGE
56
TENURE
1 yrs

Rob Warshauer

TITLE
Independent Director
AGE
61
TENURE
1 yrs

Christopher Lacovara

TITLE
Independent Director
COMPENSATION
$103K
AGE
53
TENURE
13.3 yrs

Dean Kehler

TITLE
Independent Director
COMPENSATION
$72K
AGE
62
TENURE
8.2 yrs

Graeme Dell

TITLE
Non-Independent Director
AGE
53
TENURE
1 yrs

David Moffitt

TITLE
Non-Independent Director
AGE
56
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Portman Ridge Finance individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
24. Mar 20 Buy Edward Goldthorpe Individual 23. Mar 20 23. Mar 20 4,600 $0.85 $3,917
17. Mar 20 Buy Edward Goldthorpe Individual 16. Mar 20 16. Mar 20 100 $1.31 $131
16. Mar 20 Buy Patrick Schafer Individual 16. Mar 20 16. Mar 20 4,000 $1.36 $5,426
13. Mar 20 Buy Edward Goldthorpe Individual 11. Mar 20 12. Mar 20 34,605 $1.70 $54,668
13. Mar 20 Buy Patrick Schafer Individual 12. Mar 20 13. Mar 20 15,500 $1.55 $23,636
05. Dec 19 Buy Edward Goldthorpe Individual 03. Dec 19 04. Dec 19 24,238 $2.07 $49,923
26. Nov 19 Buy Patrick Schafer Individual 25. Nov 19 25. Nov 19 3,000 $2.07 $6,210
25. Nov 19 Buy Patrick Schafer Individual 22. Nov 19 22. Nov 19 2,000 $2.09 $4,174
19. Nov 19 Sell Christopher Lacovara Individual 18. Nov 19 18. Nov 19 -79,703 $2.04 $-162,562
18. Nov 19 Sell Christopher Lacovara Individual 14. Nov 19 15. Nov 19 -290,297 $2.24 $-618,830
06. Sep 19 Buy Edward Goldthorpe Individual 04. Sep 19 05. Sep 19 4,400 $2.43 $10,518
27. Aug 19 Buy Edward Goldthorpe Individual 21. Aug 19 22. Aug 19 5,900 $2.19 $12,898
20. Aug 19 Buy Edward Goldthorpe Individual 19. Aug 19 20. Aug 19 10,839 $2.19 $23,689
14. Aug 19 Buy Edward Goldthorpe Individual 13. Aug 19 13. Aug 19 11,500 $2.29 $26,381
X
Management checks
We assess Portman Ridge Finance's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Portman Ridge Finance has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans, first lien loans, second lien loans, subordinated debt, equity co-investment, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm’s business. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, educate, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, business services, utilities, insurance, and food and beverage sectors. The firm typically invests $1 million to $20 million in its portfolio companies. It 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 firm 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. It invests in minority, and majority or control equity positions alongside its private equity sponsor partners. The firm invests through its own balance sheet. Portman Ridge Finance Corporation was founded in August 2006 and is based in New York, New York.

Details
Name: Portman Ridge Finance Corporation
PTMN
Exchange: NasdaqGS
Founded: 2006
$47,986,739
44,847,420
Website: http://www.portmanridge.com
Address: Portman Ridge Finance Corporation
650 Madison Avenue,
23rd Floor,
New York,
New York, 10022,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PTMN Common Stock Nasdaq Global Select US USD 12. Dec 2006
DB KJ7 Common Stock Deutsche Boerse AG DE EUR 12. Dec 2006
Number of employees
Current staff
Staff numbers
13
Portman Ridge Finance employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 02:11
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/03/06
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.