NASDAQ$BCIC
BCP Investment Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported net investment income of $0.67 per share and NAV of $22.57 per share.
Portman Ridge Finance Corporation reported a total investment income of $16.5 million and a net investment income of $6.2 million, or $0.67 per share, for the first quarter of 2024. The company's NAV as of March 31, 2024, was $22.57 per share. They also repurchased 51,015 shares for an aggregate cost of $1.0 million.
- Total investment income for Q1 2024 was $16.5 million.
- Net investment income for Q1 2024 was $6.2 million ($0.67 per share).
- NAV as of March 31, 2024, was $22.57 per share.
- Repurchased 51,015 shares at an aggregate cost of $1.0 million, accretive to NAV by $0.02 per share.
Headline financials
Revenue & EPS history
Portman Ridge · Revenue · Quarterly
$3.75M
Forward guidance
Portman Ridge believes they are well positioned to take advantage of new investment opportunities, while also remaining selective and diligent in their investment and capital deployment process.
Tailwinds
- Well positioned to take advantage of new investment opportunities.
- Commitment to increasing shareholder value.
- Continued to grow and diversify portfolio.
- Exposure to 29 industries.
- Robust pipeline
Headwinds
- Uncertainty of the expected financial performance of the Company.
- Changes in general economic and/or industry specific conditions, including but not limited to the impact of inflation.
- The impact of increased competition.
- Changes in regional or national economic conditions, including but not limited to the impact of the COVID-19 pandemic, and their impact on the industries in which we invest.
- Other changes in the conditions of the industries in which we invest
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-1.1%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-6.0%
Avg return
30 days after
43%
10 / 23 earnings
Positive
+7.4%
Q4 2020
Best reaction
-15.3%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.5% | +1.8% | -7.6% | |
| Q4 2025 | -13.1% | -21.5% | -33.1% | |
| Q3 2025 | +0.4% | +7.5% | +8.4% | |
| Q1 2025 | +1.0% | +2.1% | -3.8% | |
| Q4 2024 | -4.0% | -5.7% | -28.1% | |
| Q3 2024 | -3.5% | -3.1% | -10.5% | |
| Q2 2024 | -2.5% | -1.9% | -3.4% | |
| Q1 2024 | +1.6% | +1.7% | -0.1% | |
| Q4 2023 | -1.3% | +1.4% | +2.1% | |
| Q3 2023 | +0.0% | -0.1% | +0.3% | |
| Q2 2023 | -1.6% | +0.0% | -5.8% | |
| Q1 2023 | +2.3% | +4.9% | -1.2% | |
| Q4 2022 | -6.2% | -7.4% | -12.9% | |
| Q3 2022 | +2.7% | +4.0% | +3.2% | |
| Q2 2022 | +0.0% | +0.3% | -7.5% | |
| Q1 2022 | +0.0% | -0.4% | +0.0% | |
| Q4 2021 | +0.4% | +0.2% | -2.5% | |
| Q3 2021 | +4.6% | +5.7% | +1.4% | |
| Q2 2021 | +1.7% | +2.9% | +1.6% | |
| Q1 2021 | +3.4% | +3.0% | +5.6% | |
| Q4 2020 | +7.4% | +5.0% | +16.3% | |
| Q4 2019 | -15.3% | -21.4% | -60.9% | |
| Q4 2018 | -2.2% | -3.0% | +0.3% |
Discussion
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