On June 30, 2023, PORTMAN RIDGE FINANCE ($NASDAQ:PTMN) released their financial results for the second quarter of FY2023. Total revenue for the quarter rose 84.3% compared to the year prior, totaling -USD 0.9 million. Net income also saw a substantial improvement, rising to -USD 3.1 million from -USD 8.4 million from the same period in the prior year.
PORTMAN RIDGE FINANCE stock opened at $20.6 and closed at $20.6, a decrease of 0.2% from the previous closing price of $20.6. The company’s management team and board of directors remain confident in the company’s direction and future performance. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for PTMN. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PTMN. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PTMN. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for PTMN are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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Analysis – PTMN Stock Fair Value
At GoodWhale, we recently conducted an analysis of PORTMAN RIDGE FINANCE’s financials. We have derived our proprietary Valuation Line, which implies that the intrinsic value of PORTMAN RIDGE FINANCE’s share is around $17.4. However, the stock is currently being traded at $20.6, which is a fair price that is overvalued by 18.5%. More…
Risk Rating Analysis
Star Chart Analysis
The company has a team of experienced and qualified professionals who are dedicated to providing the best possible financing options to their clients. The company offers a wide range of financing products and services to its clients. The company has a strong presence in the market and is one of the leading providers of financing solutions.
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Portman Ridge Finance reported a strong quarter of earnings for the second quarter of FY2023, with total revenue increasing by 84.3% year-on-year to -USD 0.9 million and net income rising from -USD 8.4 million to -USD 3.1 million. Investors should be encouraged by this improvement and may want to consider increasing their exposure to the company, as this is likely indicative of a positive trend in overall performance. Overall, it appears that Portman Ridge Finance is on track to continue to deliver strong financial returns in the future.