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Portman Ridge Finance Corp (NASDAQ:PTMN), a $112 million market cap company with a notable 15.4% dividend yield, will change its name to BCP Investment Corporation, according to a statement released in a recent SEC filing. The name change follows the filing of a certificate of amendment to the company’s certificate of incorporation on Wednesday. According to InvestingPro, the company maintains an overall "GOOD" financial health score.
The change will become effective after the close of trading on Friday. The company stated that the name change will not affect the rights of its security holders, and there were no other amendments to its certificate of incorporation or bylaws in connection with this change. InvestingPro data shows the company has maintained dividend payments for 19 consecutive years, though its stock has declined 24.8% over the past year.
Beginning Monday, the company’s common stock, currently trading on the NASDAQ Global Select Market under the symbol PTMN, will switch to the new ticker symbol BCIC.
A copy of the certificate of amendment, filed with the Delaware Secretary of State, was included as an exhibit in the filing. The information in this article is based on a press release statement contained in the SEC filing.
In other recent news, Portman Ridge Finance Corporation reported its second-quarter 2025 earnings, which did not meet analysts’ expectations. The company announced an earnings per share (EPS) of $0.50, which was below the anticipated $0.5325. Additionally, Portman Ridge Finance reported revenue of $12.63 million, falling short of the expected $13.95 million. These results highlight a significant miss in both earnings and revenue projections. This update provides investors with insight into the company’s recent financial performance. Despite the earnings miss, there was a notable market reaction, though specifics on stock movement are not detailed here. Analysts and investors alike will be watching closely for any future guidance or strategic adjustments from Portman Ridge Finance.
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