Palmer Square Capital BDC Inc. (NYSE:PSBD - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $15.12 and last traded at $15.37, with a volume of 22934 shares traded. The stock had previously closed at $15.15.
Palmer Square Capital BDC Stock Performance
The business has a 50 day simple moving average of $15.73 and a 200-day simple moving average of $16.06. The firm has a market capitalization of $515.50 million and a price-to-earnings ratio of 8.22.
Palmer Square Capital BDC Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were issued a $0.42 dividend. The ex-dividend date was Friday, December 27th. This represents a $1.68 annualized dividend and a yield of 10.64%. Palmer Square Capital BDC's dividend payout ratio (DPR) is currently 87.50%.
Hedge Funds Weigh In On Palmer Square Capital BDC
Hedge funds have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. acquired a new stake in Palmer Square Capital BDC in the third quarter valued at approximately $792,000. FMR LLC grew 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 buying an additional 25,951 shares during the last quarter. Marble Harbor Investment Counsel LLC acquired a new position in shares of Palmer Square Capital BDC in the 2nd quarter valued at $315,000. Confluence Investment Management LLC grew its holdings in shares of Palmer Square Capital BDC by 22.1% during the third 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 last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Palmer Square Capital BDC during the second quarter worth approximately $173,000. Institutional investors and hedge funds own 6.52% of the company's stock.
Palmer Square Capital BDC Company Profile
(
Get 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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