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. It also makes acquisitions in businesses complementary to the firm's business. It primarily invests in healthcare, cargo transport, manufacturing, industrial & environmental services, logistics & distribution, media & telecommunications, real estate, education, automotive, agriculture, aerospace/defense, packaging, electronics, finance, non-durable consumer, consumer products, business services, utilities, insurance, and food and beverage sectors. The fund typically invests $1 million to $20 million in its portfolio companies. It provides senior secured term loans from $2 million to $20 million maturing in five to seven years; second lien term loans from $5 million to $15 million maturing in six to eight years; senior unsecured loans $5 million to $23 million maturing in six to eight years; mezzanine loans from $5 million to $15 million maturing in seven to ten years; and equity investments from $1 to $5 million. The fund targets the companies with EBITDA between $5 million and $25 million. While investing in debt securities, it invests in those middle market firms with EBITDA between $10 million and $50 million and/or total debt between $25 million and $150 million. It invests in minority, and majority or control equity positions alongside its private equity sponsor partners.
Over the last 12 months, insiders at Portman Ridge Finance Corporation have bought $0 and sold $4.86M worth of Portman Ridge Finance Corporation stock.
On average, over the past 5 years, insiders at Portman Ridge Finance Corporation have bought $1.47M and sold $3.11M worth of stock each year.
There was no buying activity among insiders over the last 12 months.
The last purchase of 14,991 shares for transaction amount of $291,575 was made by Repertoire Master Fund LP (10 percent owner) on 2023‑06‑01.
2023-11-16 | Sale | Repertoire Partners LP | 10 percent owner | 41,159 0.4302% | $17.09 | $703,572 | +9.76% | |
2023-11-15 | Sale | Repertoire Partners LP | 10 percent owner | 9,884 0.1036% | $17.04 | $168,397 | +10.47% | |
2023-11-14 | Sale | Repertoire Partners LP | 10 percent owner | 49,331 0.5202% | $17.30 | $853,239 | +9.28% | |
2023-11-13 | Sale | Repertoire Partners LP | 10 percent owner | 4,177 0.0447% | $17.28 | $72,178 | +11.12% | |
2023-11-10 | Sale | Repertoire Partners LP | 10 percent owner | 69,110 0.7218% | $17.46 | $1.21M | +7.77% | |
2023-10-09 | Sale | Repertoire Partners LP | 10 percent owner | 2,276 0.0237% | $19.15 | $43,580 | -3.08% | |
2023-09-28 | Sale | Repertoire Master Fund LP | 10 percent owner | 4,800 0.0505% | $19.20 | $92,182 | -2.29% | |
2023-09-27 | Sale | Repertoire Master Fund LP | 10 percent owner | 15,051 0.1585% | $19.25 | $289,667 | -2.45% | |
2023-09-22 | Sale | Repertoire Master Fund LP | 10 percent owner | 6,041 0.0642% | $19.37 | $117,036 | -2.14% | |
2023-09-21 | Sale | Repertoire Master Fund LP | 10 percent owner | 10,446 0.1098% | $19.29 | $201,531 | -2.29% | |
2023-09-20 | Sale | Repertoire Master Fund LP | 10 percent owner | 1,700 0.0181% | $19.50 | $33,158 | -2.49% | |
2023-09-19 | Sale | Repertoire Master Fund LP | 10 percent owner | 55,462 0.5839% | $19.40 | $1.08M | -3.00% | |
2023-06-01 | Repertoire Master Fund LP | 10 percent owner | 14,991 0.1569% | $19.45 | $291,575 | -1.88% | ||
2023-02-09 | Sale | Repertoire Master Fund LP | 10 percent owner | 259 0.0027% | $22.79 | $5,903 | -12.26% | |
2023-02-08 | Sale | Repertoire Master Fund LP | 10 percent owner | 10,144 0.1063% | $22.65 | $229,714 | -11.47% | |
2023-02-07 | Sale | Repertoire Master Fund LP | 10 percent owner | 800 0.0084% | $22.70 | $18,162 | -11.55% | |
2023-02-06 | Sale | Repertoire Master Fund LP | 10 percent owner | 100 0.001% | $22.70 | $2,270 | -12.01% | |
2023-01-27 | Sale | Repertoire Master Fund LP | 10 percent owner | 400 0.0042% | $22.86 | $9,142 | -12.10% | |
2023-01-27 | Repertoire Master Fund LP | 10 percent owner | 1,658 0.0172% | $22.75 | $37,720 | -12.10% | ||
2023-01-26 | Sale | Repertoire Master Fund LP | 10 percent owner | 340 0.0035% | $22.80 | $7,752 | -11.92% |
Repertoire Master Fund LP | 10 percent owner | 1083825 11.4726% | $19.24 | 50 | 58 | <0.0001% |
Repertoire Partners LP | 10 percent owner | 275474 2.916% | $19.24 | 0 | 6 | |
LACOVARA CHRISTOPHER | director | 212634 2.2508% | $19.24 | 2 | 3 | <0.0001% |
Goldthorpe Edward J. | President, CEO | 97651 1.0337% | $19.24 | 14 | 0 | +3.71% |
Pearson Dayl W | Chief Executive Officer | 97072 1.0275% | $19.24 | 5 | 0 | <0.0001% |
Kratzman E A | Vice President | 96771 1.0243% | $19.24 | 0 | 6 | |
JACOBI C MICHAEL | director | 45460 0.4812% | $19.24 | 3 | 0 | <0.0001% |
Warshauer Robert Herman | director | 20000 0.2117% | $19.24 | 1 | 0 | +88.99% |
Duka Alexander | director | 10000 0.1059% | $19.24 | 1 | 0 | +90.61% |
Corless R Jon | Chief Investment Officer | 7571 0.0801% | $19.24 | 3 | 0 | <0.0001% |
Schafer Patrick | Chief Investment Officer | 5950 0.063% | $19.24 | 7 | 0 | +2.22% |
Wirth Michael I | Chief Financial Officer | 5849 0.0619% | $19.24 | 4 | 0 | <0.0001% |
Theoharides Philip E | Vice President | 2500 0.0265% | $19.24 | 1 | 0 | +2.19% |
Duncan David J | Vice President | 2000 0.0212% | $19.24 | 1 | 0 | +2.19% |
Pastino Albert G | director | 2000 0.0212% | $19.24 | 1 | 0 | +2.19% |
Cademartori Gary | director | 1997 0.0211% | $19.24 | 2 | 0 | <0.0001% |
Stevens C Turney JR | director | 1500 0.0159% | $19.24 | 1 | 0 | +2.19% |
Repertoire Partners Lp | $16.13M | 9.13 | 849,953 | +26.52% | +$3.38M | 33.9 | |
Clayton Partners LLC | $2.91M | 1.65 | 153,490 | -22.25% | -$833,431.01 | 2.48 | |
Advisors Asset Management Inc | $2.38M | 1.35 | 125,562 | -1.26% | -$30,500.86 | 0.05 | |
Punch & Associates Investment Management, Inc. | $2M | 1.13 | 105,220 | 0% | +$0 | 0.12 | |
Raymond James Associates | $1.98M | 1.12 | 104,314 | +0.1% | +$1,898.00 | <0.01 | |
Bulldog Investors LLP | $1.92M | 1.09 | 101,068 | 0% | +$0 | 0.63 | |
Two Sigma | $1.5M | 0.85 | 79,259 | -32.76% | -$732,988.71 | <0.01 | |
Kennedy Capital Management Inc | $1.48M | 0.84 | 78,199 | +0.11% | +$1,670.24 | 0.03 | |
Two Sigma Advisers LP | $1.28M | 0.73 | 67,700 | -41.89% | -$926,224.00 | <0.01 | |
Legal & General | $1.27M | 0.72 | 67,037 | 0% | +$0 | <0.0001 | |
Gables Capital Management Inc | $1.19M | 0.68 | 62,792 | -0.84% | -$10,097.37 | 0.66 | |
Confluence Investment Management | $1.11M | 0.63 | 58,604 | New | +$1.11M | 0.02 | |
Connor Clark & Lunn Investment Management Ltd | $897,982.00 | 0.51 | 47,312 | +33.74% | +$226,545.34 | <0.01 | |
Millennium Management LLC | $786,987.00 | 0.45 | 41,464 | -48.96% | -$754,910.79 | <0.01 | |
Citadel Advisors LLC | $712,452.00 | 0.4 | 37,537 | -13.52% | -$111,374.60 | <0.0001 | |
BlackRock | $623,171.00 | 0.35 | 32,833 | +364,711.12% | +$623,000.18 | <0.0001 | |
Credit Suisse | $616,508.00 | 0.35 | 32,482 | -66.82% | -$1.24M | <0.01 | |
Founders Financial Alliance LLC | $544,364.00 | 0.31 | 28,681 | +104.6% | +$278,303.03 | 0.17 | |
Deltec Asset Management | $512,726.00 | 0.29 | 27,014 | 0% | +$0 | 0.1 | |
Morgan Stanley | $469,775.00 | 0.27 | 24,751 | +23.95% | +$90,781.54 | <0.0001 | |
Trexquant Investment LP | $442,519.00 | 0.25 | 23,315 | New | +$442,519.00 | 0.01 | |
Bank of America | $400,516.00 | 0.23 | 21,102 | -0.94% | -$3,796.00 | <0.0001 | |
Virtus ETF Advisers LLC | $371,799.00 | 0.21 | 19,589 | +25.77% | +$76,185.68 | 0.1 | |
Cruiser Capital Advisors, LLC | $308,956.00 | 0.18 | 16,278 | New | +$308,956.00 | 0.47 | |
Bridgeway Capital Management | $224,344.00 | 0.13 | 11,820 | New | +$224,344.00 | <0.01 | |
Marshall Wace | $222,180.00 | 0.13 | 11,706 | -46.63% | -$194,146.52 | <0.0001 | |
Advisor Group Holdings Inc | $178,525.00 | 0.1 | 9,406 | -0.3% | -$531.44 | <0.0001 | |
Royal Bank of Canada | $176,000.00 | 0.1 | 9,224 | -0.48% | -$858.63 | <0.0001 | |
Hillsdale Investment Management Inc. | $89,206.00 | 0.05 | 4,700 | -4.08% | -$3,796.00 | 0.01 | |
Group One Trading | $66,506.00 | 0.04 | 3,504 | New | +$66,506.00 | <0.01 | |
SignatureFD | $51,806.00 | 0.03 | 2,729 | 0% | +$0 | <0.01 | |
Wells Fargo | $16,706.00 | 0.01 | 880 | 0% | +$0 | <0.0001 | |
JPMorgan Chase | $15,450.00 | 0.01 | 814 | -51.86% | -$16,645.76 | <0.0001 | |
UBS | $13,514.00 | 0.01 | 712 | -99.82% | -$7.51M | <0.0001 | |
Newbridge Financial Services Group Inc | $1,670.00 | <0.01 | 88 | 0% | +$0 | <0.01 | |
Northwestern Mutual Wealth Management Co | $475.00 | <0.01 | 25 | New | +$475.00 | <0.0001 | |
Stephens Consulting Llc | $456.00 | <0.01 | 24 | 0% | +$0 | <0.0001 | |
Sugarloaf Wealth Management | $95.00 | <0.01 | 5 | New | +$95.00 | <0.0001 |