earnings
confidence high
sentiment neutral
materiality 0.75
Portman Ridge Q2 NII $0.50/sh; completes Logan Ridge merger, rebrands to BCP Investment Corp
BCP Investment Corp
2025-Q2 EPS reported
-$0.50
- Q2 NII $4.6M ($0.50/sh), up from Q1 $0.47 but down from $0.70 YoY; total investment income $12.6M.
- NAV $164.7M ($17.89/sh), down from $173.5M ($18.85) at Mar 31; portfolio fair value $395.1M across 96 companies.
- Completed merger with Logan Ridge Finance on July 15; combined assets >$600M. Rebranding to BCP Investment Corp; new ticker BCIC.
- Declared Q3 base distribution $0.47/sh plus supplemental $0.02/sh, payable Aug 29 to holders of record Aug 18.
- Non-accrual debt investments unchanged at 6 (2.1% fair value); weighted avg yield 10.7%; net leverage 1.4x vs 1.3x.