Palmer Square Capital BDC (PSBD) Expected to Announce Earnings on Wednesday

Palmer Square Capital BDC (NYSE:PSBD - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Wednesday, May 7th. Analysts expect Palmer Square Capital BDC to post earnings of $0.44 per share and revenue of $32.55 million for the quarter.

Palmer Square Capital BDC Price Performance

Shares of NYSE PSBD opened at $12.69 on Wednesday. Palmer Square Capital BDC has a 12-month low of $11.89 and a 12-month high of $16.85. The company has a market capitalization of $413.85 million, a PE ratio of 6.61 and a beta of 0.60. The firm's 50-day moving average is $13.99 and its two-hundred day moving average is $15.17.

Palmer Square Capital BDC Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Friday, March 28th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 11.35%. The ex-dividend date of this dividend was Friday, March 28th. Palmer Square Capital BDC's dividend payout ratio (DPR) is presently 97.30%.

Insider Transactions at Palmer Square Capital BDC

In other Palmer Square Capital BDC news, President Matthew L. Bloomfield acquired 4,200 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $15.38 per share, for a total transaction of $64,596.00. Following the completion of the acquisition, the president now directly owns 32,478 shares of the company's stock, valued at $499,511.64. This trade represents a 14.85 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.96% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. UBS Group reduced their price target on shares of Palmer Square Capital BDC from $16.50 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price target 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.

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.

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