Portman Ridge Finance reports Q1 NII 47c, consensus 60c

Reports Q1 net asset value $173.5M or $18.85 per share, vs.$178.5M or $19.41 per share for Q4 2024. CEO Ted Goldthorpe stated, “During Q1 we continued to execute on our disciplined investment strategy, deploying approximately $17.5M into strong, defensively positioned portfolio companies. Concurrently, we had $15.7M in repayments and sales, resulting in our return to net deployers of capital. Looking ahead, the current macroeconomic backdrop shaped by shifting trade dynamics, inflation, and ever-evolving monetary policy, continues to drive uncertainty in the market. These dynamics highlight the importance of taking a long-term approach, grounded in disciplined credit selection and prudent risk management. That said, we view this as an opportunity to further differentiate through thoughtful deployment and rigorous underwriting, backed by our prudent investment strategy and experienced management team. I remain confident in our ability to drive the best outcome for shareholders. Finally, we continue to believe in the strategic benefits the combination with Logan Ridge will provide. This merger represents a meaningful step forward for the Company, with the potential to provide increased scale, improved liquidity, and greater operational efficiency, all of which are critical to enhancing long-term shareholder value…”