Hennion & Walsh Asset Management Inc. boosted its holdings in Palmer Square Capital BDC Inc. (NYSE:PSBD - Free Report) by 73.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,997 shares of the company's stock after acquiring an additional 35,437 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.26% of Palmer Square Capital BDC worth $1,277,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its stake in Palmer Square Capital BDC by 7.3% during the 3rd quarter. FMR LLC now owns 383,125 shares of the company's stock worth $6,245,000 after acquiring an additional 25,951 shares in the last quarter. Confluence Investment Management LLC increased its stake in Palmer Square Capital BDC by 22.1% during the 3rd quarter. Confluence Investment Management LLC now owns 104,082 shares of the company's stock worth $1,697,000 after buying an additional 18,842 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Palmer Square Capital BDC during the 2nd quarter worth approximately $173,000. 6.52% of the stock is currently owned by hedge funds and other institutional investors.
Palmer Square Capital BDC Stock Performance
Shares of NYSE:PSBD traded down $0.11 on Friday, hitting $15.64. 22,707 shares of the company's stock were exchanged, compared to its average volume of 12,977. The company has a market capitalization of $510.65 million and a PE ratio of 8.15. Palmer Square Capital BDC Inc. has a 1-year low of $15.12 and a 1-year high of $17.12. The firm's 50-day moving average is $15.71 and its 200 day moving average is $16.05.
Palmer Square Capital BDC Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 10.74%. The ex-dividend date was Friday, December 27th. Palmer Square Capital BDC's payout ratio is currently 87.50%.
Palmer Square Capital BDC Profile
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Free Report)
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.
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