Pearl Diver Credit (NYSE:PDCC) Trading Down 2.1% - Here's Why

Pearl Diver Credit Company Inc. (NYSE:PDCC - Get Free Report) shares fell 2.1% during mid-day trading on Thursday . The stock traded as low as $17.91 and last traded at $18.02. 4,257 shares changed hands during trading, an increase of 13% from the average session volume of 3,768 shares. The stock had previously closed at $18.40.

Analysts Set New Price Targets

Several research analysts recently commented on PDCC shares. Industrial Alliance Securities set a $19.50 target price on shares of Pearl Diver Credit in a report on Tuesday, July 1st. Alliance Global Partners upgraded shares of Pearl Diver Credit to a "strong-buy" rating in a report on Tuesday, July 1st.

Pearl Diver Credit Stock Performance

The firm has a 50 day moving average of $17.67 and a two-hundred day moving average of $18.89.

Pearl Diver Credit (NYSE:PDCC - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share for the quarter. The business had revenue of $6.02 million for the quarter.

Pearl Diver Credit Announces Dividend

The company also recently declared a dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a yield of 15.3%.

About Pearl Diver Credit

Pearl Diver Credit Company Inc is a newly organized, externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio's total return, with a secondary objective of generating high current income. Pearl Diver Credit Company Inc is based in NEW YORK.