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

Palmer Square Capital BDC Inc. (NYSE:PSBD) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $16.93.

Several brokerages have recently weighed in on PSBD. Bank of America initiated 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. Janney Montgomery Scott initiated coverage on Palmer Square Capital BDC in a research note on Monday, April 22nd. They issued a “neutral” rating and a $17.50 target price for the company. Citigroup initiated coverage on Palmer Square Capital BDC in a research note on Monday, February 12th. They issued a “buy” rating and a $17.00 target price for the company. Oppenheimer started coverage on Palmer Square Capital BDC in a research note on Monday, February 12th. They issued an “outperform” rating and a $17.00 target price for the company. Finally, Royal Bank of Canada 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 objective for the company.

Palmer Square Capital BDC Stock Performance

NYSE PSBD opened at $16.16 on Friday. The company’s 50-day moving average is $16.33. Palmer Square Capital BDC has a fifty-two week low of $15.27 and a fifty-two week high of $17.12.

Palmer Square Capital BDC (NYSE:PSBD) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. The business 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%. Analysts anticipate that Palmer Square Capital BDC will post 1.92 earnings per share for the current fiscal year.

Palmer Square Capital BDC Dividend Announcement

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

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 purchased a new stake in Palmer Square Capital BDC Inc. (NYSE:PSBD) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 63,350 shares of the company’s stock, valued at approximately $1,032,000. Capstone Investment Advisors LLC owned about 0.19% of Palmer Square Capital BDC as of its most recent SEC filing. 6.52% of the stock is currently owned by institutional investors.

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.