JPMorgan Chase & Co. Cuts Palmer Square Capital BDC (NYSE:PSBD) Price Target to $9.50

Posted by Brian Himes on Jul 2nd, 2026

Palmer Square Capital BDC (NYSE:PSBD – Get Free Report) had its target price reduced by research analysts at JPMorgan Chase & Co. from $10.00 to $9.50 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 9.96% from the company’s previous close.

A number of other brokerages have also issued reports on PSBD. Wells Fargo & Company set a $11.50 target price on shares of Palmer Square Capital BDC in a research report on Wednesday, June 24th. Zacks Research cut Palmer Square Capital BDC from a “hold” rating to a “strong sell” rating in a report on Friday, May 22nd. Wall Street Zen lowered Palmer Square Capital BDC from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. UBS Group dropped their price objective on Palmer Square Capital BDC from $11.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Finally, Noble Financial started coverage on Palmer Square Capital BDC in a report on Wednesday, June 24th. They set a “neutral” rating for the company. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palmer Square Capital BDC has a consensus rating of “Reduce” and an average target price of $10.75.

Read Our Latest Stock Report on Palmer Square Capital BDC

Palmer Square Capital BDC Stock Up 1.3%

Shares of NYSE:PSBD opened at $10.55 on Thursday. The firm has a market cap of $328.35 million, a P/E ratio of -10.15 and a beta of 0.81. Palmer Square Capital BDC has a 12 month low of $9.34 and a 12 month high of $14.62. The company’s 50-day moving average price is $10.76 and its two-hundred day moving average price is $11.07.

Insider Activity at Palmer Square Capital BDC

In related news, major shareholder Martin C. Bicknell acquired 30,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average price of $10.79 per share, for a total transaction of $323,700.00. Following the completion of the acquisition, the insider owned 230,000 shares of the company’s stock, valued at $2,481,700. This trade represents a 15.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders acquired 46,988 shares of company stock worth $508,220 over the last ninety days. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PSBD. Bank of America Corp DE grew its holdings in Palmer Square Capital BDC by 10.9% during the first quarter. Bank of America Corp DE now owns 576,931 shares of the company’s stock valued at $5,637,000 after purchasing an additional 56,547 shares during the period. Rivernorth Capital Management LLC boosted its position in shares of Palmer Square Capital BDC by 43.8% during the first quarter. Rivernorth Capital Management LLC now owns 834,603 shares of the company’s stock worth $8,154,000 after purchasing an additional 254,061 shares in the last quarter. NewGen Asset Management Ltd bought a new position in shares of Palmer Square Capital BDC during the first quarter worth $720,000. Catalyst Capital Advisors LLC acquired a new position in shares of Palmer Square Capital BDC in the 1st quarter valued at $33,000. Finally, Waterfront Wealth Inc. acquired a new position in shares of Palmer Square Capital BDC in the 1st quarter valued at $413,000. Institutional investors own 6.52% of the company’s stock.

About Palmer Square Capital BDC

(Get Free Report)

Palmer Square Capital BDC Inc (NYSE: PSBD) is a closed-end, externally managed business development company that provides customized financing solutions to middle-market companies in the United States. The firm offers a broad range of debt and equity products—including first-lien and second-lien senior secured loans, unitranche financings, mezzanine debt and equity co-investments—to support corporate acquisitions, refinancings, growth initiatives and balance sheet restructurings.

PSBD primarily targets established privately owned and sponsored businesses across diverse industries such as healthcare, business services, industrials and consumer products.