Palmer Square Capital BDC (NYSE:PSBD) Upgraded at Zacks Research

Posted by Geri Gentry on Aug 12th, 2026

Palmer Square Capital BDC (NYSE:PSBD – Get Free Report) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

PSBD has been the topic of a number of other reports. Royal Bank Of Canada decreased their price objective on Palmer Square Capital BDC from $12.00 to $11.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Wall Street Zen raised shares of Palmer Square Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday. Noble Financial initiated coverage on shares of Palmer Square Capital BDC in a report on Wednesday, June 24th. They issued a “neutral” rating for the company. Wells Fargo & Company set a $11.50 price objective on shares of Palmer Square Capital BDC in a research note on Wednesday, June 24th. Finally, UBS Group decreased their target price on shares of Palmer Square Capital BDC from $11.50 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.75.

Check Out Our Latest Analysis on Palmer Square Capital BDC

Palmer Square Capital BDC Stock Performance

Shares of NYSE:PSBD opened at $10.43 on Monday. Palmer Square Capital BDC has a 52-week low of $9.34 and a 52-week high of $14.43. The firm has a fifty day moving average of $10.32 and a 200 day moving average of $10.66. The firm has a market capitalization of $319.72 million, a PE ratio of -10.54 and a beta of 0.85.

Palmer Square Capital BDC (NYSE:PSBD – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.16). Palmer Square Capital BDC had a negative net margin of 26.73% and a positive return on equity of 11.22%. The firm had revenue of $13.06 million for the quarter, compared to analysts’ expectations of $25.97 million. On average, sell-side analysts forecast that Palmer Square Capital BDC will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling at Palmer Square Capital BDC

In other news, major shareholder Martin C. Bicknell bought 21,484 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were purchased at an average price of $10.47 per share, for a total transaction of $224,937.48. Following the completion of the acquisition, the insider owned 373,472 shares of the company’s stock, valued at approximately $3,910,251.84. This trade represents a 6.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders purchased a total of 108,472 shares of company stock worth $1,155,558 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Palmer Square Capital BDC

Several institutional investors have recently added to or reduced their stakes in PSBD. Jane Street Group LLC bought a new stake in Palmer Square Capital BDC in the 1st quarter worth $360,000. Bank of America Corp DE raised its stake in shares of Palmer Square Capital BDC by 5.0% during the second quarter. Bank of America Corp DE now owns 300,575 shares of the company’s stock valued at $4,196,000 after acquiring an additional 14,220 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Palmer Square Capital BDC by 142.9% during the third quarter. Two Sigma Investments LP now owns 131,545 shares of the company’s stock worth $1,614,000 after purchasing an additional 77,393 shares during the period. Citadel Advisors LLC bought a new stake in shares of Palmer Square Capital BDC in the third quarter worth about $230,000. Finally, Millennium Management LLC grew its stake in shares of Palmer Square Capital BDC by 2.0% in the third quarter. Millennium Management LLC now owns 134,249 shares of the company’s stock worth $1,647,000 after purchasing an additional 2,638 shares during the last quarter. Hedge funds and other 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.