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

Palmer Square Capital BDC (NYSE:PSBD) is expected to post its results before the market opens on Wednesday, November 5th. Analysts expect Palmer Square Capital BDC to post earnings of $0.41 per share and revenue of $30.6110 million for the quarter.

Palmer Square Capital BDC (NYSE:PSBD) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. Palmer Square Capital BDC had a net margin of 13.51% and a return on equity of 10.91%. The business had revenue of $31.68 million during the quarter, compared to the consensus estimate of $30.29 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 Price Performance

NYSE PSBD opened at $12.59 on Wednesday. The business has a fifty day moving average price of $13.12 and a two-hundred day moving average price of $13.51. The stock has a market capitalization of $404.52 million, a PE ratio of 22.48 and a beta of 0.71. Palmer Square Capital BDC has a fifty-two week low of $11.51 and a fifty-two week high of $16.25.

Palmer Square Capital BDC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Friday, September 26th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 11.4%. The ex-dividend date was Friday, September 26th. Palmer Square Capital BDC’s dividend payout ratio is currently 257.14%.

Institutional Investors Weigh In On Palmer Square Capital BDC

An institutional investor recently bought a new position in Palmer Square Capital BDC stock. Jane Street Group LLC bought a new position in shares of Palmer Square Capital BDC Inc. (NYSE:PSBD) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 27,017 shares of the company’s stock, valued at approximately $360,000. Jane Street Group LLC owned about 0.08% of Palmer Square Capital BDC at the end of the most recent reporting period. Institutional investors and hedge funds own 6.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on PSBD. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $12.00 target price (down previously from $14.00) on shares of Palmer Square Capital BDC in a research report on Wednesday, October 1st. UBS Group decreased their price target on shares of Palmer Square Capital BDC from $14.50 to $13.50 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.63.

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.