PTMN News and Press, Portman Ridge Finance Corporation From 01/26/20

The other day I covered business development companies in " BIZD: As High-Yield Credit Spreads Fall, BDCs Will Perform Well " that explained why I believe BDCs are a solid bet over the next few months and how the ETF BIZD is a decent way to make that bet. While I like BIZD, I believe that ...

Contributor Note: The information used in this article was as of January 23, 2020, and pricing has changed as I suggested that my subscribers sell or at least trim current positions of MRCC and wait for the company to report Q4 results (see dates below). The stock was headed down on the morn...

PTMN___BDC_s_2020_Riley.pdf Portman Ridge is a business development company ("BDC") that invests in performing, well- established middle market businesses that operate across a wide range of industries. It employs fundamental credit analysis, targeting investments in businesses with relati...

Last year, I presented a series of articles discussing how to build a retirement portfolio using Business Development Companies ("BDCs") including: Part 1 discussing Monroe Capital ( MRCC ), Owl Rock Capital Corporation ( ORCC ), and TPG Specialty Lending ( TSLX ). Part 2 dis...

Merger activity increased, with nine new deals announced and six deals closing. Deal Statistics New Deals The acquisition of LogMeIn (LOGM) by Francisco Partners for $4.3 billion or $86.05 per share in cash. We added LOGM as a potential deal to the Deals in the Works section on Dece...

NEW YORK, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (“PTMN”, or the “Company”) (NASDAQ: PTMN) and OHA Investment Corporation (NASDAQ: OHAI) (“OHAI”) today announced the closing (the “Closing”) of the previousl...

In October, I presented a series of articles discussing how to build a retirement portfolio using Business Development Companies ("BDCs") currently yielding over 10% and their safer baby bonds/preferred shares currently yielding around 6%. Part 1 discussed Monroe Capital ( MRCC ), Owl...

Merger activity decreased with four new deals announced and two deals closing. Deal Statistics: New Deals: The acquisition of Diplomat Pharmacy (DPLO) by OptumRx for $300 million or $4.00 per share in cash. The acquisition of Synthorx (THOR) by Sanofi (SNY) for $2.35 billio...

OHA Investment (NASDAQ: OHAI ) gets stockholder approval for its proposed merger with Portman Ridge Finance (NASDAQ: PTMN ) at a special meeting of the company's stockholders. More news on: OHA Investment Corporation, Portman Ridge Finance Corporation, Financial stocks news, Stocks on th...

NEW YORK, Dec. 12, 2019 (GLOBE NEWSWIRE) -- OHA Investment Corporation (Nasdaq: OHAI) (the “Company” or “OHAI”) announced today that it obtained stockholder approval for its proposed merger (the “Merger”) with Portman Ridge Finance Corporation (Nasd...