PTMN - Portman Ridge Finance Corporation: 52-Week High Recently Eclipsed (PTMN)
Shares of Portman Ridge Finance Corporation (NASDAQ:PTMN) traded today at $25.92, eclipsing its 52-week high. So far today approximately 162,000 shares have been exchanged, as compared to an average 30-day volume of 33,000 shares.
Portman Ridge Finance Corporation (NASDAQ:PTMN) is currently priced 55.9% above its average consensus analyst price target of $11.34.
Portman Ridge Finance Corp Inc is a non-diversified closed-end investment company. The primary investment objective of the firm is to generate current income and capital appreciation by lending directly to privately-held middle market companies. It invests in senior secured term loans and mezzanine debt primarily in privately-held middle market companies, asset management companies and debt and subordinated securities.
In the past 52 weeks, shares of Portman Ridge Finance Corporation have traded between a low of $13.25 and a high of $25.92 and is now at $25.70, which is 94% above that low price.
Receive IBN Spotlights - "Bite Size" Small, Mid and Large-Cap Technical Indicator Alerts
To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected
About IBN (InvestorBrandNetwork)
IBN consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and Code Editorial Syndication to 5,000+ broadcast outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign and the NEW normal.
For more information on IBN, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer