BCP Investment Corporation (BCIC) AI Stock Analysis

• Market Cap: $153.82M
• Dividend Yield: 18.8%
• Average Volume (3M): 57.80K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.36
• Revenue Growth: -62.82%
• EPS Growth: -170.97%
• Country: US
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.50
• Shares Outstanding: 13,191,929
• 10 Day Avg. Volume: 46,024
• 30 Day Avg. Volume: 57,804
• PEG Ratio: 0.17
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 4.85
• P/FCF Ratio: 2.68
• Enterprise Value/Market Cap: 2.07
• Enterprise Value/Revenue: 19.96
• Enterprise Value/Gross Profit: -198.33
• Enterprise Value/Ebitda: 51.73
• 1Y Price Target: $14.00
• Price Target Upside: 23.13% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 55 Neutral
• Price Target: $12.50 ▲(9.94% Upside)

The overall stock score of 54.8 reflects a balanced view of Portman Ridge Finance's current position. The company's strong equity base and cash flow generation are significant positives, but these are offset by declining revenues and net income. The technical indicators suggest a neutral trend, while the high dividend yield offers some appeal despite negative earnings. The earnings call highlights both strategic successes and ongoing challenges, contributing to a mixed sentiment.

BCP Investment Corporation Business Overview & Revenue Model

Company Description

BCP Investment Corp. 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, mezzanine, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business. The fund 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. The fund 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. The fund invests in minority, and majority or control equity positions alongside its private equity sponsor partners.

How the Company Makes Money

Portman Ridge Finance generates revenue through interest income from its debt investments, which typically include secured loans, unsecured loans, and subordinated debt. The company also earns income from equity investments in the form of dividends and capital gains when it sells its equity stakes. Additionally, PTMN may charge fees for originating and managing investments in its portfolio. Significant partnerships with private equity firms and investment advisors contribute to its deal flow and network, enhancing its ability to identify profitable investment opportunities. Overall, PTMN's revenue model is primarily based on earning interest income and capital appreciation from its diversified investment portfolio.

BCP Investment Corporation Financial Statement Overview

Summary

Portman Ridge Finance shows strengths in maintaining a strong equity base and generating positive free cash flow. However, declining revenues and net income suggest potential operational inefficiencies or market pressures. The elimination of debt reduces financial risk, providing a more stable financial foundation despite recent profitability issues.

Income Statement

The income statement reveals fluctuating revenue trends with a recent decline from $58.4M in 2023 to $46.9M in 2024, indicating a revenue contraction. Gross profit margin remained stable at 100% due to equivalent gross profit and revenue figures. EBIT margin declined slightly from 92.6% in 2023 to 92.2% in 2024, reflecting tighter operational efficiency. Net income has dropped significantly to zero in 2024 from $11.4M in 2023, impacting the net profit margin negatively.

Balance Sheet

The balance sheet shows a strong equity position with stockholders' equity at $178.5M against total assets of $453.6M, resulting in a healthy equity ratio of 39.4%. The company has significantly reduced its debt, leading to a zero debt-to-equity ratio, which minimizes leverage risk. However, the decline in stockholders' equity from $213.5M in 2023 suggests challenges in maintaining asset growth.

Cash Flow

Cash flow analysis indicates stable free cash flow at $56.6M in 2024. The company has managed positive operating cash flow of $56.6M, although it has decreased significantly from $120.9M in 2023. The operating cash flow to net income ratio is not calculable due to zero net income, but the substantial free cash flow to net income in previous years highlights efficient cash generation capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	15.95M	31.25M	43.35M	37.64M	75.83M	50.37M
Gross Profit	-1.60M	17.91M	37.71M	19.80M	57.62M	39.55M
EBITDA	6.15M	15.50M	10.97M	46.80M	41.51M	41.70M
Net Income	-8.30M	-5.93M	11.38M	-21.00M	26.03M	31.57M
Balance Sheet
Total Assets	428.00M	453.63M	549.24M	619.49M	648.30M	600.18M
Cash, Cash Equivalents and Short-Term Investments	11.22M	17.53M	26.91M	5.15M	28.92M	6.99M
Total Debt	253.66M	265.14M	322.41M	373.31M	347.19M	373.31M
Total Liabilities	263.27M	275.14M	335.72M	387.36M	368.18M	383.91M
Stockholders Equity	164.73M	178.49M	213.52M	232.12M	280.12M	216.26M
Cash Flow
Free Cash Flow	37.36M	56.63M	120.90M	-33.10M	61.15M	121.68M
Operating Cash Flow	37.36M	56.63M	120.90M	-33.10M	61.15M	121.68M
Investing Cash Flow	15.92M	47.27M	98.76M	-61.24M	48.90M	97.06B
Financing Cash Flow	-53.70M	-88.25M	-82.47M	-2.11M	-75.71M	-43.88M

BCP Investment Corporation Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 11.37
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BCIC, the sentiment is Neutral. The current price of 11.37 is below the 20-day moving average (MA) of 11.48, below the 50-day MA of 11.86, and below the 200-day MA of 12.59, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 51.34 is Neutral, neither overbought nor oversold. The STOCH value of 79.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BCIC.

BCP Investment Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OFS	―	$95.60M	9.33	6.82%	19.06%	-53.07%	―
MRCC	―	$148.20M	77.46	1.01%	14.49%	-17.51%	-75.48%
Sector *	―	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
WHF	―	$163.63M	46.01	1.21%	24.59%	-49.76%	-84.43%
BCIC	―	$153.82M	―	-4.79%	18.80%	-62.82%	-170.97%
OXSQ	―	$144.36M	-81.22	-0.87%	22.58%	-569.90%	-144.29%

BCP Investment Corporation Corporate Events

BCP Investment Corporation to Redeem 2026 Notes

On October 10, 2025, BCP Investment Corporation entered into a note purchase agreement to issue and sell $35 million in 7.50% notes due 2028 and $75 million in 7.75% notes due 2030. The proceeds will be used to redeem its 4.875% notes due 2026 and pay down existing debt. The notes are unsecured obligations, ranking senior to subordinated debt and pari passu with other unsecured debt. The company has also entered into supplemental indentures and agreed to maintain a rating for the notes. On October 14, 2025, BCP notified the trustee of its intention to redeem the $108 million principal amount of the 2026 notes, with completion expected by November 13, 2025.

The most recent analyst rating on (BCIC) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on BCP Investment Corporation stock, see the BCIC Stock Forecast page.