Two Sigma Investments LP Has $596,000 Holdings in Palmer Square Capital BDC Inc. (NYSE:PSBD)

Two Sigma Investments LP lowered its stake in shares of Palmer Square Capital BDC Inc. (NYSE:PSBD - Free Report) by 35.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,204 shares of the company's stock after selling 21,234 shares during the quarter. Two Sigma Investments LP owned about 0.12% of Palmer Square Capital BDC worth $596,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC lifted its holdings in shares of Palmer Square Capital BDC by 995.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 2,433 shares of the company's stock valued at $37,000 after acquiring an additional 2,211 shares during the period. Wells Fargo & Company MN grew its stake in Palmer Square Capital BDC by 271.5% in the fourth quarter. Wells Fargo & Company MN now owns 7,501 shares of the company's stock valued at $114,000 after acquiring an additional 5,482 shares during the period. Marble Harbor Investment Counsel LLC increased its stake in Palmer Square Capital BDC by 24.3% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 31,950 shares of the company's stock worth $486,000 after purchasing an additional 6,250 shares in the last quarter. Citadel Advisors LLC increased its holdings in 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 purchasing an additional 10,457 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Palmer Square Capital BDC by 72.0% in the fourth quarter. Franklin Resources Inc. now owns 57,866 shares of the company's stock valued at $880,000 after purchasing an additional 24,232 shares during the last quarter. Institutional investors own 6.52% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PSBD shares. Oppenheimer downgraded shares of Palmer Square Capital BDC from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $17.00 to $14.00 in a report on Friday, May 9th. Royal Bank of Canada decreased their price objective on shares of Palmer Square Capital BDC from $17.00 to $15.00 and set an "outperform" rating for the company in a research report on Thursday, May 22nd. JPMorgan Chase & Co. dropped their target price on shares of Palmer Square Capital BDC from $16.00 to $13.50 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Wall Street Zen cut Palmer Square Capital BDC from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, UBS Group lowered their price target on Palmer Square Capital BDC from $16.50 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $14.13.

Palmer Square Capital BDC Stock Up 0.9%

Shares of PSBD traded up $0.13 during trading hours on Thursday, hitting $13.99. The company had a trading volume of 95,638 shares, compared to its average volume of 31,353. The business has a fifty day moving average of $13.25 and a 200-day moving average of $14.64. The firm has a market cap of $452.90 million, a price-to-earnings ratio of 7.29 and a beta of 0.83. Palmer Square Capital BDC Inc. has a 12 month low of $11.51 and a 12 month high of $16.85.

Palmer Square Capital BDC (NYSE:PSBD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.04). The company had revenue of $31.21 million during the quarter, compared to analyst estimates of $32.55 million. Palmer Square Capital BDC had a net margin of 41.67% and a return on equity of 11.97%. On average, equities analysts expect that Palmer Square Capital BDC Inc. will post 1.96 EPS for the current fiscal year.

Palmer Square Capital BDC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 10.29%. Palmer Square Capital BDC's dividend payout ratio (DPR) is currently 288.00%.

About Palmer Square Capital BDC

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.