Palmer Square Capital BDC Inc. (NYSE:PSBD - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $16.93.
Separately, Royal Bank of Canada restated an "outperform" rating and set a $17.00 price target on shares of Palmer Square Capital BDC in a research note on Tuesday, August 13th.
View Our Latest Analysis on PSBD
Palmer Square Capital BDC Stock Performance
NYSE PSBD remained flat at $16.25 on Friday. The company's stock had a trading volume of 27,965 shares, compared to its average volume of 47,453. Palmer Square Capital BDC has a one year low of $15.27 and a one year high of $17.12. The company's 50-day moving average is $16.21 and its 200-day moving average is $16.37.
Palmer Square Capital BDC (NYSE:PSBD - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.03). Palmer Square Capital BDC had a net margin of 64.65% and a return on equity of 16.13%. The firm had revenue of $36.55 million during the quarter, compared to analysts' expectations of $36.27 million. As a group, research analysts predict that Palmer Square Capital BDC will post 1.97 earnings per share for the current year.
Palmer Square Capital BDC Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Friday, September 27th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 10.34%. The ex-dividend date was Friday, September 27th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Dorsey & Whitney Trust CO LLC acquired a new position in Palmer Square Capital BDC during the first quarter worth $170,000. Renaissance Technologies LLC acquired a new position in Palmer Square Capital BDC during the second quarter worth $173,000. Marble Harbor Investment Counsel LLC acquired a new stake in Palmer Square Capital BDC in the second quarter valued at $315,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Palmer Square Capital BDC in the third quarter valued at $792,000. Finally, Capstone Investment Advisors LLC acquired a new stake in Palmer Square Capital BDC in the first quarter valued at $1,032,000. Institutional investors and hedge funds own 6.52% of the company's stock.
Palmer Square Capital BDC Company Profile
(
Get Free ReportPalmer 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.
Featured Stories
Before you consider Palmer Square Capital BDC, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palmer Square Capital BDC wasn't on the list.
While Palmer Square Capital BDC currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.