Head-To-Head Review: Firsthand Technology Value Fund (NASDAQ:SVVC) vs. Portman Ridge Finance (NASDAQ:PTMN)
Firsthand Technology Value Fund (NASDAQ:SVVC) and Portman Ridge Finance (NASDAQ:PTMN) are both small-cap finance companies, but which is the better business? We will compare the two companies based on the strength of their institutional ownership, profitability, analyst recommendations, valuation, earnings, risk and dividends.
Portman Ridge Finance pays an annual dividend of $0.40 per share and has a dividend yield of 16.7%. Firsthand Technology Value Fund does not pay a dividend. Portman Ridge Finance pays out 148.1% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
Firsthand Technology Value Fund has a beta of 1.25, indicating that its share price is 25% more volatile than the S&P 500. Comparatively, Portman Ridge Finance has a beta of 0.74, indicating that its share price is 26% less volatile than the S&P 500.
This is a summary of current ratings and price targets for Firsthand Technology Value Fund and Portman Ridge Finance, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Firsthand Technology Value Fund||0||0||0||0||N/A|
|Portman Ridge Finance||0||0||0||0||N/A|
Earnings and Valuation
This table compares Firsthand Technology Value Fund and Portman Ridge Finance’s top-line revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Firsthand Technology Value Fund||$3.47 million||18.64||$19.87 million||N/A||N/A|
|Portman Ridge Finance||$27.09 million||3.31||-$9.57 million||$0.27||8.89|
Firsthand Technology Value Fund has higher earnings, but lower revenue than Portman Ridge Finance.
Institutional & Insider Ownership
10.1% of Firsthand Technology Value Fund shares are owned by institutional investors. Comparatively, 22.0% of Portman Ridge Finance shares are owned by institutional investors. 4.5% of Firsthand Technology Value Fund shares are owned by company insiders. Comparatively, 6.3% of Portman Ridge Finance shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
This table compares Firsthand Technology Value Fund and Portman Ridge Finance’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Firsthand Technology Value Fund||311.18%||-2.77%||-2.49%|
|Portman Ridge Finance||-88.64%||3.28%||1.88%|
Portman Ridge Finance beats Firsthand Technology Value Fund on 6 of the 11 factors compared between the two stocks.
About Firsthand Technology Value Fund
Firsthand Technology Value Fund, Inc. is a business development company specializes in investments in start-up, late, development stage, and PIPEs. It seeks to invest in pre-IPO companies. The fund also seeks to make investments in companies with operating histories that are unprofitable or marginally profitable, that have negative net worth, or that are involved in bankruptcy or reorganization proceedings. In addition, it also makes investments in connection with the acquisition or divestiture of companies or divisions of companies. The fund seeks to invest through direct investments in private companies, negotiations with selling shareholders, and in organized secondary marketplaces for private securities. It may also invest in micro-cap publicly traded companies and also make investments in securities of public companies. The fund seeks to invest in private technology, information technology, cleantech sector, and companies that possess patents and other defensible intellectual property rights with a focus on Internet, consumer electronics, computer hardware, computer software, social networking, computer peripherals, solar photovoltaic, energy efficiency, solid-state lighting, water purification, wind-generated electricity, fuel cells, bio-fuels, electronic components, semiconductors, telecommunications, and advanced materials. Cleantech companies include those engaged in the sale of goods and services designed to harness renewable energy and materials, eliminate emissions and waste, and reduce the use of natural resources. It invests primarily in equity securities of private companies in the United States. However the fund also invests in securities of public companies located outside of the United States. It seeks to invest between $1 million and $10 million each in its investee companies. The fund structures its equity investments as preferred stock, common stock, warrants, limited partnership interests, options, other beneficial ownership interests, convertible debt, short term debt investments, high-yield bonds, and distressed debt. It prefers to control, be represented on, or have observer rights on the board of directors of a portfolio company. The fund seeks to exit its investments through strategic acquisition by other industry participants, initial public offering of common stock, or other capital market transaction.
About Portman Ridge Finance
Portman Ridge Finance Corp. is a private equity fund and non-diversified closed-end investment company that invests in middle market companies generating consistent cash flows located in North America. It targets companies operating across a broad range of sectors such as aerospace and defense, automotive, beverage, food and tobacco, broadcasting and entertainment, buildings and real estate, personal and cargo transport, chemicals, plastics and rubber, containers, packaging and glass, diversified or conglomerate service, ecological, electronics, finance, and healthcare. The company was founded on August 8, 2006 and is headquartered in New York, NY.
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