Palmer Square Capital BDC (NYSE:PSBD) Coverage Initiated at Janney Montgomery Scott

Janney Montgomery Scott assumed coverage on shares of Palmer Square Capital BDC (NYSE:PSBD - Free Report) in a research note published on Monday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $17.50 price objective on the stock.

PSBD has been the subject of a number of other research reports. Bank of America began coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They set a neutral rating and a $16.50 price target 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 target price for the company. JPMorgan Chase & Co. began coverage on shares of Palmer Square Capital BDC in a report on Monday, February 12th. They issued an overweight rating and a $17.00 target price on the stock. Oppenheimer started coverage on shares of Palmer Square Capital BDC in a report on Monday, February 12th. They issued an outperform rating and a $17.00 price target on the stock. Finally, Royal Bank of Canada began 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 target for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Palmer Square Capital BDC presently has an average rating of Moderate Buy and a consensus price target of $16.93.

Palmer Square Capital BDC Trading Down 2.1 %

Shares of NYSE:PSBD traded down $0.36 during mid-day trading on Monday, reaching $16.44. The company had a trading volume of 58,159 shares, compared to its average volume of 89,476. Palmer Square Capital BDC has a one year low of $15.27 and a one year high of $17.12. The company has a 50-day simple moving average of $16.31.

Palmer Square Capital BDC (NYSE:PSBD - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.03. The business 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 1.9 earnings per share for the current year.

Palmer Square Capital BDC Dividend Announcement

The business also recently announced a -- dividend, which was paid on Wednesday, April 10th. Shareholders of record on Thursday, March 28th were given a $0.07 dividend. 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.