Portman Ridge: 2Q Earnings Snapshot
NEW YORK (AP) _ Portman Ridge Finance Corporation (PTMN) on Tuesday reported a loss of $848,000 in its second quarter.
The New York-based company said it had a loss of 2 cents per share. Earnings, adjusted for investment costs, were 2 cents per share.
The business development company posted revenue of $6.9 million in the period.
In the final minutes of trading on Tuesday, the company’s shares hit $2.38. A year ago, they were trading at $3.29.