Palmer Square Capital BDC (PSBD) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $15.65 to $16.05
• 50-Day Range: $15.57 to $16.30
• 52-Week Range: $15.27 to $17.12
• Volume: 13,286 shs
• Average Volume: 43,072 shs
• Market Capitalization: $520.39 million
• P/E Ratio: 8.30
• Dividend Yield: 10.54%
• Price Target: $16.93
• Consensus Rating: Moderate Buy

Palmer Square Capital BDC Stock Analysis - MarketRank™

Palmer Square Capital BDC scored higher than 27% of companies evaluated by MarketBeat, and ranked 823rd out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Palmer Square Capital BDC has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Palmer Square Capital BDC has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -6.63%

Earnings Growth

Earnings for Palmer Square Capital BDC are expected to decrease by -6.63% in the coming year, from $1.96 to $1.83 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Palmer Square Capital BDC is 8.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.39.

Price to Earnings Ratio vs. Sector

The P/E ratio of Palmer Square Capital BDC is 8.30, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.75.

Price to Book Value per Share Ratio

Palmer Square Capital BDC has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.07% of the float of Palmer Square Capital BDC has been sold short.

Short Interest Ratio / Days to Cover

Palmer Square Capital BDC has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Palmer Square Capital BDC has recently decreased by 39.50%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Palmer Square Capital BDC is a leading dividend payer. It pays a dividend yield of 10.57%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Palmer Square Capital BDC does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Palmer Square Capital BDC is 87.50%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Palmer Square Capital BDC will have a dividend payout ratio of 91.80% in the coming year. This indicates that Palmer Square Capital BDC may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.07% of the float of Palmer Square Capital BDC has been sold short.

Short Interest Ratio / Days to Cover

Palmer Square Capital BDC has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Palmer Square Capital BDC has recently decreased by 39.50%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: N/A

News Sentiment

Palmer Square Capital BDC has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.77 average news sentiment score of Finance companies.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Palmer Square Capital BDC insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.96% of the stock of Palmer Square Capital BDC is held by insiders.

Percentage Held by Institutions

Only 6.52% of the stock of Palmer Square Capital BDC is held by institutions.

PSBD Stock Analysis - Frequently Asked Questions

How have PSBD shares performed this year?

Palmer Square Capital BDC's stock was trading at $16.37 at the start of the year. Since then, PSBD shares have decreased by 2.6% and is now trading at $15.94.
View the best growth stocks for 2024 here.

When did Palmer Square Capital BDC IPO?

Palmer Square Capital BDC (PSBD) raised $90 million in an initial public offering (IPO) on Thursday, January 18th 2024. The company issued 5,500,000 shares at a price of $16.45 per share. J.P. Morgan, BofA Securities, RBC Capital Markets, UBS Investment Bank and Citigroup served as the underwriters for the IPO and Janney Montgomery Scott, Oppenheimer & Co. and Clear Street were co-managers.

Who are Palmer Square Capital BDC's major shareholders?

Palmer Square Capital BDC's top institutional shareholders include FMR LLC (1.17%), Confluence Investment Management LLC (0.32%), Hennion & Walsh Asset Management Inc. (0.15%) and Franklin Resources Inc. (0.10%).

How do I buy shares of Palmer Square Capital BDC?

Shares of PSBD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Palmer Square Capital BDC own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Palmer Square Capital BDC investors own include ARMOUR Residential REIT (ARR), Bank of Montreal (BMO), MFA Financial (MFA), United Parcel Service (UPS), Adverum Biotechnologies (ADVM), APi Group (APG) and Avino Silver & Gold Mines (ASM).

Company Calendar

• Ex-Dividend for 10/14 Dividend: 9/27/2024
• Dividend Payable: 10/14/2024
• Today: 12/21/2024
• Ex-Dividend for 1/13 Dividend: 12/27/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/13/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Short - term business credit
• Sub-Industry: N/A
• Current Symbol: NYSE:PSBD
• Previous Symbol: NYSE:PSBD
• CUSIP: N/A
• CIK: 1794776
• Web: palmersquarebdc.com
• Phone: 816-994-3200
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.93
• High Stock Price Target: $17.50
• Low Stock Price Target: $16.50
• Potential Upside/Downside: +6.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.92
• Trailing P/E Ratio: 8.30
• Forward P/E Ratio: 8.13
• P/E Growth: N/A
• Net Income: $107.84 million
• Net Margins: 41.67%
• Pretax Margin: 41.67%
• Return on Equity: 11.97%
• Return on Assets: 4.68%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.62
• Quick Ratio: 1.62

Sales & Book Value

• Annual Sales: $61.39 million
• Price / Sales: 8.48
• Cash Flow: $1.80 per share
• Price / Cash Flow: 8.85
• Book Value: $14.19 per share
• Price / Book: 1.12

Miscellaneous

• Outstanding Shares: 32,647,000
• Free Float: 32,334,000
• Market Cap: $520.39 million
• Optionable: N/A
• Beta: N/A