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

Key Points

• Palmer Square Capital BDC is expected to announce quarterly earnings on August 6th, with analysts predicting earnings of $0.40 per share and revenue of approximately $30.29 million.
• The company has recently declared a quarterly dividend of $0.36 per share, yielding 10.29%, with a high dividend payout ratio of 288.00%.
• Market analysts generally hold a "Hold" rating for Palmer Square Capital BDC, with a consensus target price set at $14.25.

Palmer Square Capital BDC (NYSE:PSBD - Get Free Report) is expected to announce its earnings results before the market opens on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $30.29 million for the quarter.

Palmer Square Capital BDC (NYSE:PSBD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.04). Palmer Square Capital BDC had a net margin of 11.72% and a return on equity of 11.04%. The firm had revenue of $31.21 million during the quarter, compared to analysts' expectations of $32.55 million. On average, analysts expect Palmer Square Capital BDC to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Palmer Square Capital BDC Trading Down 1.0%

Shares of NYSE:PSBD opened at $13.73 on Monday. Palmer Square Capital BDC has a 52 week low of $11.51 and a 52 week high of $16.84. The company's 50 day moving average is $14.05 and its two-hundred day moving average is $14.22. The company has a market cap of $444.32 million, a PE ratio of 27.45 and a beta of 0.82.

Palmer Square Capital BDC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Friday, June 27th were given a dividend of $0.36 per share. The ex-dividend date was Friday, June 27th. This represents a $1.44 dividend on an annualized basis and a yield of 10.5%. Palmer Square Capital BDC's dividend payout ratio (DPR) is 288.00%.

Wall Street Analysts Forecast Growth

PSBD has been the topic of a number of analyst reports. Royal Bank Of Canada decreased their target price on shares of Palmer Square Capital BDC from $17.00 to $15.00 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd. Oppenheimer lowered shares of Palmer Square Capital BDC from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $17.00 to $14.00 in a research report on Friday, May 9th. Wall Street Zen upgraded shares of Palmer Square Capital BDC from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. cut 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 research note on Thursday, April 24th. Finally, UBS Group reaffirmed a "neutral" rating and set a $14.50 price target on shares of Palmer Square Capital BDC in a research note on Wednesday, July 16th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $14.25.

Hedge Funds Weigh In On Palmer Square Capital BDC

A hedge fund recently bought a new stake in Palmer Square Capital BDC stock. Jane Street Group LLC purchased a new stake in shares of Palmer Square Capital BDC Inc. (NYSE:PSBD - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 27,017 shares of the company's stock, valued at approximately $360,000. Jane Street Group LLC owned approximately 0.08% of Palmer Square Capital BDC at the end of the most recent quarter. 6.52% of the stock is currently owned by institutional investors.

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.