Palmer Square Capital BDC (NYSE:PSBD) Now Covered by Analysts at Janney Montgomery Scott

Janney Montgomery Scott started coverage on shares of Palmer Square Capital BDC (NYSE:PSBD) in a research note released on Monday morning, MarketBeat reports. The brokerage issued a neutral rating and a $17.50 target price on the stock.

A number of other analysts also recently weighed in on PSBD. Royal Bank of Canada started coverage on shares of Palmer Square Capital BDC in a research report on Monday, February 12th. They set an outperform rating and a $17.00 target price for the company. Bank of America began coverage on shares of Palmer Square Capital BDC in a research report on Monday, February 12th. They set a neutral rating and a $16.50 price objective for the company. JPMorgan Chase & Co. began coverage on shares of Palmer Square Capital BDC in a report on Monday, February 12th. They issued an overweight rating and a $17.00 target price on the stock. Citigroup assumed coverage on Palmer Square Capital BDC in a report on Monday, February 12th. They set a buy rating and a $17.00 price target for the company. Finally, UBS Group assumed coverage on Palmer Square Capital BDC in a research note on Monday, February 12th. They issued a neutral rating and a $16.50 price objective on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $16.93.

Palmer Square Capital BDC Price Performance

NYSE PSBD opened at $16.44 on Monday. Palmer Square Capital BDC has a twelve month low of $15.27 and a twelve month high of $17.12. The firm has a fifty day moving average of $16.31.

Palmer Square Capital BDC (NYSE:PSBD) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The firm had revenue of $29.82 million for the quarter, compared to analyst estimates of $29.78 million. Palmer Square Capital BDC had a return on equity of 23.31% and a net margin of 96.09%. On average, sell-side analysts anticipate that Palmer Square Capital BDC will post 1.9 EPS for the current fiscal year.

Palmer Square Capital BDC Announces Dividend

The business also recently disclosed a — dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 28th were given a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 27th. This represents a dividend yield of 3.42%.

Palmer Square Capital BDC Company Profile

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.