Palmer Square Capital BDC Inc. (NYSE:PSBD - Get Free Report) saw unusually-high trading volume on Friday after the company announced a dividend. Approximately 20,702 shares were traded during trading, a decline of 4% from the previous session's volume of 21,469 shares.The stock last traded at $15.35 and had previously closed at $15.42.
The newly announced dividend which will be paid on Thursday, April 10th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 9.30%. The ex-dividend date is Friday, March 28th. Palmer Square Capital BDC's dividend payout ratio is currently 97.30%.
Palmer Square Capital BDC Stock Up 0.8 %
The stock has a market capitalization of $505.38 million and a PE ratio of 8.06. The firm has a 50 day moving average price of $15.58 and a 200 day moving average price of $15.90.
Institutional Investors Weigh In On Palmer Square Capital BDC
Institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC grew its stake in shares of Palmer Square Capital BDC by 995.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 2,433 shares of the company's stock worth $37,000 after acquiring an additional 2,211 shares in the last quarter. Wells Fargo & Company MN grew its position in Palmer Square Capital BDC by 271.5% in the 4th quarter. Wells Fargo & Company MN now owns 7,501 shares of the company's stock worth $114,000 after purchasing an additional 5,482 shares in the last quarter. Marble Harbor Investment Counsel LLC increased its stake in Palmer Square Capital BDC by 24.3% in the 4th quarter. Marble Harbor Investment Counsel LLC now owns 31,950 shares of the company's stock valued at $486,000 after buying an additional 6,250 shares during the last quarter. Citadel Advisors LLC lifted its position 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 buying an additional 10,457 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Palmer Square Capital BDC by 72.0% during the 4th quarter. Franklin Resources Inc. now owns 57,866 shares of the company's stock worth $880,000 after buying an additional 24,232 shares in the last quarter. 6.52% of the stock is owned by hedge funds and other institutional investors.
Palmer Square Capital BDC Company Profile
(
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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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