Palmer Square Capital BDC Inc. (NYSE:PSBD - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 14,226 shares were traded during mid-day trading, a decline of 31% from the previous session's volume of 20,627 shares.The stock last traded at $15.62 and had previously closed at $15.58.
Palmer Square Capital BDC Price Performance
The company has a fifty day moving average price of $15.70 and a two-hundred day moving average price of $16.02. The firm has a market cap of $514.30 million and a price-to-earnings ratio of 8.20.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in Palmer Square Capital BDC by 120.3% during the fourth quarter. Bank of New York Mellon Corp now owns 77,878 shares of the company's stock worth $1,184,000 after buying an additional 42,533 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of 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 purchasing an additional 35,437 shares during the period. FMR LLC raised its holdings in Palmer Square Capital BDC by 7.3% in the 3rd quarter. FMR LLC now owns 383,125 shares of the company's stock valued at $6,245,000 after acquiring an additional 25,951 shares in the last quarter. Confluence Investment Management LLC lifted its position in Palmer Square Capital BDC by 22.1% in the third quarter. Confluence Investment Management LLC now owns 104,082 shares of the company's stock worth $1,697,000 after purchasing an additional 18,842 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Palmer Square Capital BDC during the 2nd quarter worth about $173,000. Institutional investors and hedge funds own 6.52% of the company's stock.
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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