48,560 Shares in Palmer Square Capital BDC Inc. (NYSE:PSBD) Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. acquired a new stake in Palmer Square Capital BDC Inc. (NYSE:PSBD - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 48,560 shares of the company's stock, valued at approximately $792,000. Hennion & Walsh Asset Management Inc. owned 0.15% of Palmer Square Capital BDC at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PSBD. Apollo Management Holdings L.P. purchased a new position in shares of Palmer Square Capital BDC during the 1st quarter valued at $9,713,000. Capstone Investment Advisors LLC purchased a new position in shares of Palmer Square Capital BDC during the 1st quarter valued at $1,032,000. Confluence Investment Management LLC lifted its position in shares of Palmer Square Capital BDC by 70.5% during the 2nd quarter. Confluence Investment Management LLC now owns 85,240 shares of the company's stock valued at $1,377,000 after buying an additional 35,240 shares during the last quarter. Marble Harbor Investment Counsel LLC purchased a new stake in Palmer Square Capital BDC during the 2nd quarter worth about $315,000. Finally, Renaissance Technologies LLC purchased a new stake in Palmer Square Capital BDC during the 2nd quarter worth about $173,000. Hedge funds and other institutional investors own 6.52% of the company's stock.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price objective on shares of Palmer Square Capital BDC in a report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Palmer Square Capital BDC has a consensus rating of "Moderate Buy" and a consensus price target of $16.93.

Palmer Square Capital BDC Price Performance

PSBD traded down $0.25 on Monday, hitting $16.00. 28,038 shares of the company were exchanged, compared to its average volume of 47,355. Palmer Square Capital BDC Inc. has a 12 month low of $15.27 and a 12 month high of $17.12. The firm has a fifty day simple moving average of $16.21 and a two-hundred day simple moving average of $16.37.

Palmer Square Capital BDC (NYSE:PSBD - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.03). Palmer Square Capital BDC had a return on equity of 16.13% and a net margin of 64.65%. The firm had revenue of $36.55 million during the quarter, compared to analysts' expectations of $36.27 million. As a group, analysts predict that Palmer Square Capital BDC Inc. will post 1.97 earnings per share for the current year.

Palmer Square Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Friday, September 27th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 10.50%.

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.