Palmer Square Capital BDC (NYSE:PSBD) Sets New 1-Year Low at $15.27

Palmer Square Capital BDC Inc. (NYSE:PSBD)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $15.27 and last traded at $16.40, with a volume of 314 shares trading hands. The stock had previously closed at $16.46.

Analyst Ratings Changes

A number of equities analysts recently commented on PSBD shares. UBS Group started coverage on Palmer Square Capital BDC in a research note on Monday, February 12th. They set a “neutral” rating and a $16.50 price target for the company. Oppenheimer started coverage on Palmer Square Capital BDC in a research note on Monday, February 12th. They set an “outperform” rating and a $17.00 price target for the company. Royal Bank of Canada started coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They set an “outperform” rating and a $17.00 price objective on the stock. JPMorgan Chase & Co. started coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They set an “overweight” rating and a $17.00 price objective on the stock. Finally, Bank of America started coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They set a “neutral” rating and a $16.50 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $16.83.

Palmer Square Capital BDC Stock Down 0.8 %

The firm’s 50 day moving average price is $16.32.

Palmer Square Capital BDC (NYSE:PSBD) last issued its earnings results on Wednesday, February 28th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. The company had revenue of $29.82 million for the quarter, compared to analyst estimates of $29.78 million. Analysts expect that Palmer Square Capital BDC Inc. will post 1.88 earnings per share for the current year.

Palmer Square Capital BDC Dividend Announcement

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

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.