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PTMN

12.26000 USD
0.14
1.16%
Last update May 12, 3:59 PM EDT
Market closed
Day range
12.20000
12.46960
Previous close
12.12000
Open
12.36000
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Portman Ridge Finance Corporation
12.26
0.14
1.16%

Overview

Description

Portman Ridge Finance Corporation is a business development company that provides customized credit solutions to middle-market businesses. Focused on offering financial support to these companies, it plays a crucial role in facilitating growth and expansion for firms that may not have easy access to traditional banking services. Portman Ridge Finance often invests in senior secured loans, subordinated debt, and equity-related securities, aligning its interests with those of its portfolio companies to foster mutual success. This corporation specializes in the financial sector, particularly within the niches of debt and equity financing. By partnering with middle-market entities, it helps drive economic activity and stability in a vital segment of the economy. Portman Ridge Finance's impact extends across various industries by providing tailored financial solutions that address specific business needs. Its presence in the financial market underscores the importance of business development companies in bridging financing gaps and supporting small to medium enterprises (SMEs). Through strategic investments, it aims to generate substantial income and diversified returns while playing a pivotal role in the overall financial ecosystem.

About

Address
650 Madison Avenue
3rd Floor
New York, 10022, NY
United States
Phone
212 891 2880
Instrument type
ETF
Country
United States
MIC code
XNGS
Market closed

Exchange is currently closed
Pre-market opens in 2 hours 54 minutes

01:05
00:00
09:30
16:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).