Palmer Square Capital BDC Inc. (NYSE:PSBD) Given Consensus Rating of "Moderate Buy" by Analysts

Palmer Square Capital BDC Inc. (NYSE:PSBD - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $16.93.

A number of equities research analysts recently commented on PSBD shares. Janney Montgomery Scott initiated coverage on shares of Palmer Square Capital BDC in a report on Monday, April 22nd. They issued a "neutral" rating and a $17.50 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They issued an "overweight" rating and a $17.00 price objective for the company. Citigroup initiated coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They issued a "buy" rating and a $17.00 price objective for the company. Oppenheimer initiated coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They issued an "outperform" rating and a $17.00 price objective for the company. Finally, UBS Group initiated coverage on shares of 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.

Palmer Square Capital BDC Trading Down 1.1 %

Shares of NYSE:PSBD traded down $0.18 during mid-day trading on Friday, reaching $16.43. The company had a trading volume of 17,092 shares, compared to its average volume of 37,602. The company has a 50-day simple moving average of $16.34. Palmer Square Capital BDC has a one year low of $15.27 and a one year high of $17.12.

Palmer Square Capital BDC (NYSE:PSBD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.03. The company had revenue of $29.82 million for the quarter, compared to analysts' expectations of $29.78 million. Palmer Square Capital BDC had a net margin of 96.09% and a return on equity of 23.31%. Research analysts predict that Palmer Square Capital BDC will post 1.92 earnings per share for the current year.

Palmer Square Capital BDC Announces Dividend

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

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.