Portman Ridge Earnings Reports

Portman Ridge posted Q4 2024 investment income of $14.4 million, reflecting a decrease from the prior year due to lower earnings from debt investments. The company's net investment income was $5.5 million, or $0.60 per share, down from $11.2 million in Q4 2023, largely due to the absence of a prior year non-recurring reimbursement. Net asset value per share decreased to $19.41, and the company continued share repurchases and announced a merger agreement with Logan Ridge.

Portman Ridge Finance Corporation reported a net investment income of $0.63 per share and a net asset value of $20.36 per share for Q3 2024. The company continued its share repurchase program, buying back 33,429 shares, which was accretive to NAV by $0.01 per share. A fourth-quarter distribution of $0.69 per share was announced.

Portman Ridge Finance Corporation reported a net investment income of $0.70 per share for Q2 2024, a 4.5% increase from the previous quarter. The company repurchased 79,722 shares at an aggregate cost of approximately $1.6 million, which was accretive to NAV by $0.03 per share. Challenges at certain inherited portfolio companies led to a decline in NAV and an increase in non-accruals.

Portman Ridge Finance Corporation reported a total investment income of $16.5 million and a net investment income of $6.2 million, or $0.67 per share, for the first quarter of 2024. The company's NAV as of March 31, 2024, was $22.57 per share. They also repurchased 51,015 shares for an aggregate cost of $1.0 million.

Portman Ridge Finance Corporation announced strong financial results for the third quarter ended September 30, 2022. Total investment income, core investment income and net investment income all increased compared to the second quarter of 2022.

Portman Ridge Finance Corporation announced its financial results for the second quarter ended June 30, 2022, reporting a net asset value of $261.7 million ($27.26 per share) and total investment income of $15.0 million. The company refinanced its Revolving Credit Facility, reducing the applicable margin and extending the reinvestment period.

Portman Ridge Finance Corporation announced its financial results for the first quarter ended March 31, 2022. The company reported a relatively unchanged NAV per share, reduced non-accruals, and maintained its dividend of $0.63 per share.

Portman Ridge Finance Corporation reported a net investment income of $2.1 million, or $0.06 per basic share, for the fourth quarter of 2019. The company completed its acquisition of OHA Investment Corporation in December 2019 and is focusing on increasing shareholder value through portfolio repositioning and a stock repurchase program.