Palmer Square Capital BDC Inc. (NYSE:PSBD) Given Average Rating of “Moderate Buy” by Brokerages

Palmer Square Capital BDC Inc. (NYSE:PSBD) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $16.93.

PSBD has been the topic of a number of research reports. Janney Montgomery Scott initiated coverage on shares of Palmer Square Capital BDC in a research report on Monday, April 22nd. They set a “neutral” rating and a $17.50 target price on the stock. Royal Bank of Canada initiated 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 on the stock. JPMorgan Chase & Co. initiated coverage on shares of Palmer Square Capital BDC in a research report on Monday, February 12th. They set an “overweight” rating and a $17.00 target price on the stock. Oppenheimer initiated 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 on the stock. Finally, Bank of America initiated 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 target price on the stock.

Palmer Square Capital BDC Trading Down 1.5 %

NYSE PSBD opened at $16.16 on Friday. The business has a 50-day moving average of $16.33. 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:PSBD) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The firm had revenue of $29.82 million for the quarter, compared to analysts’ expectations of $29.78 million. Palmer Square Capital BDC had a net margin of 96.09% and a return on equity of 23.31%. As a group, equities research analysts anticipate that Palmer Square Capital BDC will post 1.92 earnings per share for the current year.

Palmer Square Capital BDC Announces Dividend

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

Institutional Trading of Palmer Square Capital BDC

A hedge fund recently bought a new stake in Palmer Square Capital BDC stock. Capstone Investment Advisors LLC bought a new stake in shares of Palmer Square Capital BDC Inc. (NYSE:PSBD) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 63,350 shares of the company’s stock, valued at approximately $1,032,000. Capstone Investment Advisors LLC owned approximately 0.19% of Palmer Square Capital BDC at the end of the most recent reporting period. Institutional investors own 6.52% of the company’s stock.

About Palmer Square Capital BDC

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.