NYSE:PSBD

Palmer Square Capital BDC (PSBD) Stock Price, News & Analysis

$16.43
-0.18 (-1.08%)
(As of 04/26/2024 ET)
Today's Range
$16.37
$16.76
50-Day Range
$15.90
$16.83
52-Week Range
$15.27
$17.12
Volume
17,092 shs
Average Volume
37,602 shs
Market Capitalization
$534.80 million
P/E Ratio
N/A
Dividend Yield
10.23%
Price Target
$16.93

Palmer Square Capital BDC MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
3.0% Upside
$16.93 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.34mentions of Palmer Square Capital BDC in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-5.73%
From $1.92 to $1.81 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.64 out of 5 stars

Finance Sector

812th out of 853 stocks

Short-Term Business Credit Industry

3rd out of 3 stocks

PSBD stock logo

About Palmer Square Capital BDC Stock (NYSE:PSBD)

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.

PSBD Stock Price History

PSBD Stock News Headlines

They say it’s ‘unstoppable’ – How I made 43,509%
Not long ago I joined Phil Ash for a private one-on-one interview. And during our time together I pulled the covers of my investing system that’s delivered 779 winners and 43,509% total profits since November of 2015… Without a single loss.
They say it’s ‘unstoppable’ – How I made 43,509%
Not long ago I joined Phil Ash for a private one-on-one interview. And during our time together I pulled the covers of my investing system that’s delivered 779 winners and 43,509% total profits since November of 2015… Without a single loss.
Palmer Square Capital Launches European CLO Index
A First Look At Palmer Square Capital's New BDC
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Ex-Dividend for 4/10 Dividend
3/27/2024
Dividend Payable
4/10/2024
Today
4/27/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Short-term business credit
Sub-Industry
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.93
High Stock Price Target
$17.50
Low Stock Price Target
$16.50
Potential Upside/Downside
+3.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$107.84 million
Pretax Margin
96.09%

Debt

Sales & Book Value

Annual Sales
$112.22 million
Cash Flow
$1.79 per share
Book Value
$14.19 per share

Miscellaneous

Free Float
N/A
Market Cap
$534.80 million
Optionable
N/A
Beta
N/A
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PSBD Stock Analysis - Frequently Asked Questions

Should I buy or sell Palmer Square Capital BDC stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palmer Square Capital BDC in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PSBD shares.
View PSBD analyst ratings
or view top-rated stocks.

What is Palmer Square Capital BDC's stock price target for 2024?

7 brokerages have issued 12 month target prices for Palmer Square Capital BDC's stock. Their PSBD share price targets range from $16.50 to $17.50. On average, they expect the company's share price to reach $16.93 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
View analysts price targets for PSBD
or view top-rated stocks among Wall Street analysts.

How have PSBD shares performed in 2024?

Palmer Square Capital BDC's stock was trading at $16.37 on January 1st, 2024. Since then, PSBD stock has increased by 0.4% and is now trading at $16.43.
View the best growth stocks for 2024 here
.

When is Palmer Square Capital BDC's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our PSBD earnings forecast
.

How can I listen to Palmer Square Capital BDC's earnings call?

Palmer Square Capital BDC will be holding an earnings conference call on Tuesday, May 7th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Palmer Square Capital BDC's earnings last quarter?

Palmer Square Capital BDC Inc. (NYSE:PSBD) released its quarterly earnings results on Wednesday, February, 28th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.03. The firm 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 trailing twelve-month return on equity of 23.31%.

How often does Palmer Square Capital BDC pay dividends? What is the dividend yield for Palmer Square Capital BDC?

Palmer Square Capital BDC announced a -- dividend on Wednesday, March 20th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.07 per share on Wednesday, April 10th. This represents a dividend yield of 3.42%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for PSBD
.

Is Palmer Square Capital BDC a good dividend stock?

Palmer Square Capital BDC (NYSE:PSBD) pays an annual dividend of $1.68 per share and currently has a dividend yield of 10.11%. PSBD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PSBD.

What ETF holds Palmer Square Capital BDC's stock?

Putnam BDC Income ETF holds 96,630 shares of PSBD stock, representing 2.16% of its portfolio.

When did Palmer Square Capital BDC IPO?

Palmer Square Capital BDC (PSBD) raised $90 million in an IPO on Thursday, January 18th 2024. The company issued 5,500,000 shares at a price of $16.45 per share. J.P. Morgan, BofA Securities, RBC Capital Markets, UBS Investment Bank and Citigroup served as the underwriters for the IPO and Janney Montgomery Scott, Oppenheimer & Co. and Clear Street were co-managers.

How do I buy shares of Palmer Square Capital BDC?

Shares of PSBD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PSBD) was last updated on 4/27/2024 by MarketBeat.com Staff

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