Palmer Square Capital BDC Inc. (NYSE:PSBD) Short Interest Up 31.3% in February

Palmer Square Capital BDC Inc. (NYSE:PSBD - Get Free Report) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 23,900 shares, a growth of 31.3% from the February 13th total of 18,200 shares. Based on an average daily trading volume, of 22,900 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.2% of the shares of the stock are short sold.

Palmer Square Capital BDC Trading Down 0.2 %

NYSE PSBD traded down $0.03 during trading on Thursday, reaching $14.66. 46,027 shares of the company's stock were exchanged, compared to its average volume of 26,860. Palmer Square Capital BDC has a fifty-two week low of $14.23 and a fifty-two week high of $17.09. The firm has a market capitalization of $478.09 million, a PE ratio of 7.64 and a beta of 0.20. The company's fifty day simple moving average is $15.45 and its 200-day simple moving average is $15.78.

Palmer Square Capital BDC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Friday, March 28th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $1.44 dividend on an annualized basis and a yield of 9.82%. Palmer Square Capital BDC's payout ratio is presently 97.30%.

Insider Activity at Palmer Square Capital BDC

In related news, President Matthew L. Bloomfield purchased 4,200 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $15.38 per share, for a total transaction of $64,596.00. Following the transaction, the president now directly owns 32,478 shares of the company's stock, valued at $499,511.64. This trade represents a 14.85 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.96% of the company's stock.

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Institutional Investors Weigh In On Palmer Square Capital BDC

Institutional investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. boosted its position in Palmer Square Capital BDC by 73.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 83,997 shares of the company's stock worth $1,277,000 after acquiring an additional 35,437 shares during the period. FMR LLC boosted its position 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 during the period. Marble Harbor Investment Counsel LLC boosted its position in Palmer Square Capital BDC by 24.3% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 31,950 shares of the company's stock worth $486,000 after acquiring an additional 6,250 shares during the period. Citadel Advisors LLC raised its stake in shares of Palmer Square Capital BDC by 32.9% during the 4th quarter. Citadel Advisors LLC now owns 42,203 shares of the company's stock worth $641,000 after purchasing an additional 10,457 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Palmer Square Capital BDC by 21.0% during the 4th quarter. Bank of America Corp DE now owns 262,383 shares of the company's stock worth $3,988,000 after purchasing an additional 45,519 shares in the last quarter. 6.52% of the stock is currently owned by institutional investors and hedge funds.

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.