Pearl Diver Credit (NYSE:PDCC) Trading Up 0.2% - Still a Buy?

Key Points

• Pearl Diver Credit's share price increased by 0.2%, trading at $16.58 after reaching a high of $16.69, although it experienced a 45% decline in trading volume compared to average levels.
• The company has received a "strong-buy" rating from analysts, with a consensus price target of $19.50, despite reporting quarterly earnings that missed estimates.
• Pearl Diver Credit recently announced a monthly dividend of $0.22, yielding 15.9% annually, reflecting its commitment to providing returns to shareholders.

Pearl Diver Credit Company Inc. (NYSE:PDCC - Get Free Report)'s share price was up 0.2% during trading on Wednesday . The company traded as high as $16.69 and last traded at $16.58. Approximately 1,085 shares traded hands during trading, a decline of 45% from the average daily volume of 1,986 shares. The stock had previously closed at $16.55.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PDCC shares. Industrial Alliance Securities set a $19.50 target price on Pearl Diver Credit in a report on Tuesday, July 1st. Alliance Global Partners upgraded Pearl Diver Credit to a "strong-buy" rating in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Strong Buy" and a consensus price target of $19.50.

Pearl Diver Credit Stock Up 0.2%

The business has a fifty day simple moving average of $16.79 and a 200-day simple moving average of $17.53.

Pearl Diver Credit (NYSE:PDCC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.10). The business had revenue of $5.51 million during the quarter, compared to analyst estimates of $5.94 million.

Pearl Diver Credit Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $0.22 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.9%. The ex-dividend date of this dividend was Tuesday, September 16th.

Pearl Diver Credit Company Profile

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.

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