Palmer Square Capital BDC Inc. (NYSE:PSBD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Palmer Square Capital BDC Inc. (NYSE:PSBDGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $16.93.

Separately, Janney Montgomery Scott initiated coverage on shares of Palmer Square Capital BDC in a research report on Monday, April 22nd. They issued a “neutral” rating and a $17.50 price target on the stock.

View Our Latest Stock Report on Palmer Square Capital BDC

Institutional Trading of Palmer Square Capital BDC

Institutional investors have recently made changes to their positions in the business. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Palmer Square Capital BDC in the 1st quarter worth approximately $170,000. Capstone Investment Advisors LLC bought a new stake in Palmer Square Capital BDC in the first quarter valued at $1,032,000. Finally, Apollo Management Holdings L.P. bought a new stake in Palmer Square Capital BDC in the first quarter valued at $9,713,000. 6.52% of the stock is currently owned by institutional investors and hedge funds.

Palmer Square Capital BDC Trading Down 0.3 %

PSBD opened at $16.50 on Friday. The firm has a 50 day simple moving average of $16.56. Palmer Square Capital BDC has a 12-month low of $15.27 and a 12-month high of $17.12.

Palmer Square Capital BDC (NYSE:PSBDGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Palmer Square Capital BDC had a net margin of 84.94% and a return on equity of 18.90%. The business had revenue of $34.79 million for the quarter, compared to the consensus estimate of $30.34 million. Research analysts expect that Palmer Square Capital BDC will post 2.01 EPS for the current fiscal year.

Palmer Square Capital BDC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Friday, June 28th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 10.18%. The ex-dividend date is Friday, June 28th.

About Palmer Square Capital BDC

(Get Free Report

Palmer Square Capital BDC Inc is an externally managed, non-diversified closed-end management investment company which primarily lends to and invests in corporate debt securities, including small to large private U.S. companies and has elected to be regulated as a business development company. Palmer Square Capital BDC Inc is based in MISSION WOODS, Kan.

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Analyst Recommendations for Palmer Square Capital BDC (NYSE:PSBD)

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