Portman Ridge: Q1 Earnings Snapshot

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NEW YORK (AP) — NEW YORK (AP) — Portman Ridge Finance Corporation (PTMN) on Wednesday reported profit of $4.5 million in its first quarter.

On a per-share basis, the New York-based company said it had net income of 48 cents. Earnings, adjusted for investment costs, came to 67 cents per share.

The business development company posted revenue of $16.5 million in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTMN at https://www.zacks.com/ap/PTMN