How to Buy Portman Ridge Finance Stock
Portman Ridge Finance Corp
Portman Ridge Finance Corporation is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, buyout in middle market companies.
Portman Ridge Finance stock last closed at $18.47, down 0.22% from the previous day, and has decreased 4.45% in one year. It has underperformed other stocks in the Asset Management industry by 0.14 percentage points. Portman Ridge Finance stock is currently +13.52% from its 52-week low of $16.27, and -11.37% from its 52-week high of $20.84.
As of Sep 6, 2024, there are 9.24M shares of PTMN outstanding. The market cap of PTMN is $170.74M. In the past 24 hours, 31,558 PTMN shares were traded.
How to Buy Portman Ridge Finance Stock
Not sure how to invest in Portman Ridge Finance stock? Here's how.
- Figure out where to buy Portman Ridge Finance stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Portman Ridge Finance stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Choose your method of payment and add your details.
- Evaluate Portman Ridge Finance stock: The Portman Ridge Finance ticker symbol is PTMN. Is Portman Ridge Finance stock a good investment? Should you buy shares of PTMN? How do PTMN's underlying business fundamentals look? Do top analysts think Portman Ridge Finance is a good buy? Why has PTMN's stock price moved recently? (Hint: Our stock analysis website can help you understand if PTMN is a good stock to buy).
- Execute your PTMN buy order: Decide if you will purchase PTMN shares at the current market price or use a limit order to purchase PTMN stock at a specific price.
- Keep an eye on your PTMN position: Create a watchlist to important notifications about your new investment in Portman Ridge Finance shares.
Step 1: Figure out where to buy Portman Ridge Finance stock
You need a brokerage account to access the NASDAQ market and buy PTMN stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal details so you can invest in PTMN stock today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create a new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have created your account on apps for stock market, you can securely and quickly fund your account:
Check out the walkthrough below to see the process of depositing money into your new investment account.
Step 4: Evaluate Portman Ridge Finance stock
Once you have decided on the best place to buy Portman Ridge Finance stock, it's important to evaluate their stock prior to buying, so you truly wrap your head around the risk as well as the upside.
Portman Ridge Finance stock data
Fundamentals of Portman Ridge Finance
WallStreetZen was built to help everyday investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on PTMN's stock page.
Is PTMN stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge PTMN's fair value.
Using relative valuations methods:
- PTMN may be undervalued based on its P/E ratio of 14.1x, relative to Asset Management industry P/E ratio of 33.16x
- PTMN could be undervalued based on its P/B ratio of 0.87x, relative to Asset Management industry P/B ratio of 2.45x
- PTMN may be undervalued based on its PEG ratio of 0.16x
You can do more valuation research on PTMN's stock here.
A look at PTMN Cashflows and Balance Sheet
Positive Financial Indicators:
- PTMN profit margin has gone up from -25.4% to 18.1% in the past year.
- PTMN's operating cash flow of $80.93M allows it to safely service it's debt of $282.64M.
Negative Financial Indicators:
- PTMN has a relatively high debt to equity ratio of 1.49.
- Total PTMN debt is higher than 5 years ago, relative to shareholder equity.
- PTMN earnings of $36.25M is not sufficient to cover its interest payments.
Is Portman Ridge Finance stock a Buy, Hold, or Sell, according to analysts?
Out of 2 sell side analysts who monitor PTMN, the consensus analyst rating on PTMN is a Hold
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Portman Ridge Finance stock forecast page.
Metrics for Advanced PTMN Traders
PTMN Performance Metrics
Last year, PTMN earnings were $12.55M. Over the past three year, PTMN's earnings have increased by -96.91% per year. This was slower than the Asset Management industry average of 12.79%.
Last year, PTMN revenue was $69.23M. In the last 5 year, PTMN's revenue has increased by 21.52% per year. This was faster than the Asset Management industry average of 20.55%.
Learn more about PTMN's earnings and revenue performance here.
Who is buying/selling PTMN?
In the past year, executives and large shareholders at PTMN have sold more shares than they have bought.
Repertoire Partners LP, 10% Owner of PTMN, was the latest PTMN insider to sell. They sold $626,789.10 worth of PTMN stock on Nov 16, 2023.
Get more info about who owns PTMN stock here.
Does PTMN provide a stable income stream?
Portman Ridge Finance pays a dividend of 14.94%, compared to the Asset Management industry's average dividend yield of 8.04%. If you owned $1,000 worth of PTMN stock, you would have been paid $149.43 in the past 12 months.
Portman Ridge Finance dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more data about Portman Ridge Finance dividend yield and history here.
What others are saying about PTMN
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your PTMN buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price, place a limit order.
Hit the Open button and eToro will execute the order.
If you want additional info about investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your PTMN position
Now that you own some shares in PTMN, you'll want to keep up with your company.
Start a watchlist to track your PTMN stock.
PTMN Feed
How to Buy Stock in Portman Ridge Finance
To summarize, here are the 6 steps for buying Portman Ridge Finance stock:
- Figure out where to buy Portman Ridge Finance stock
- Open your brokerage account
- Deposit money your brokerage account
- Evaluate Portman Ridge Finance stock
- Execute your PTMN buy order
- Keep an eye on your PTMN position
If you are looking for a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to monitor your new investment in Portman Ridge Finance, click the button below.
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