Palmer Square Capital BDC Inc. (NYSE:PSBD) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Palmer Square Capital BDC Inc. (NYSE:PSBD) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.93.

Several brokerages have recently issued reports on PSBD. Bank of America assumed coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They set a “neutral” rating and a $16.50 price objective for the company. UBS Group assumed coverage on Palmer Square Capital BDC in a research note on Monday, February 12th. They issued a “neutral” rating and a $16.50 price objective for the company. JPMorgan Chase & Co. began coverage on Palmer Square Capital BDC in a report on Monday, February 12th. They issued an “overweight” rating and a $17.00 price objective on the stock. Citigroup initiated coverage on Palmer Square Capital BDC in a report on Monday, February 12th. They issued a “buy” rating and a $17.00 target price for the company. Finally, Janney Montgomery Scott assumed coverage on Palmer Square Capital BDC in a report on Monday, April 22nd. They issued a “neutral” rating and a $17.50 target price on the stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Palmer Square Capital BDC stock. Capstone Investment Advisors LLC purchased a new position in Palmer Square Capital BDC Inc. (NYSE:PSBD) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 63,350 shares of the company’s stock, valued at approximately $1,032,000. Capstone Investment Advisors LLC owned about 0.19% of Palmer Square Capital BDC as of its most recent SEC filing. Hedge funds and other institutional investors own 6.52% of the company’s stock.

Palmer Square Capital BDC Trading Down 0.2 %

Shares of PSBD stock opened at $16.47 on Friday. Palmer Square Capital BDC has a 12 month low of $15.27 and a 12 month high of $17.12. The business has a fifty day moving average price of $16.34.

Palmer Square Capital BDC (NYSE:PSBD) last issued its earnings results on Wednesday, February 28th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. Palmer Square Capital BDC had a return on equity of 23.31% and a net margin of 96.09%. The company had revenue of $29.82 million during the quarter, compared to analyst estimates of $29.78 million. Sell-side analysts forecast that Palmer Square Capital BDC will post 1.92 EPS for the current fiscal year.

Palmer Square Capital BDC Announces Dividend

The company also recently declared a — dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 28th were issued a dividend of $0.07 per share. This represents a yield of 3.42%. The ex-dividend date of this dividend was Wednesday, March 27th.

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.