Janney Montgomery Scott Begins Coverage on Palmer Square Capital BDC (NYSE:PSBD)

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

Several other analysts also recently commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of Palmer Square Capital BDC in a report on Monday, February 12th. They set an overweight rating and a $17.00 target price for the company. Bank of America initiated coverage on shares of Palmer Square Capital BDC in a report on Monday, February 12th. They set a neutral rating and a $16.50 target price for the company. Royal Bank of Canada began coverage on shares of Palmer Square Capital BDC in a report on Monday, February 12th. They set an outperform rating and a $17.00 target price for the company. Citigroup began coverage on shares of Palmer Square Capital BDC in a report on Monday, February 12th. They issued a buy rating and a $17.00 price objective for the company. Finally, Oppenheimer began coverage on shares of Palmer Square Capital BDC in a report on Monday, February 12th. They issued an outperform rating and a $17.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $16.93.

Palmer Square Capital BDC Stock Down 1.9 %

Shares of PSBD opened at $16.51 on Monday. The company has a 50-day moving average price of $16.33. Palmer Square Capital BDC has a one year low of $15.27 and a one year high of $17.12.

Palmer Square Capital BDC (NYSE:PSBD) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.03. The company had revenue of $29.82 million during the quarter, compared to the consensus estimate of $29.78 million. Palmer Square Capital BDC had a net margin of 96.09% and a return on equity of 23.31%. On average, research analysts forecast that Palmer Square Capital BDC will post 1.9 earnings per share for the current fiscal year.

Palmer Square Capital BDC Dividend Announcement

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

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.