Bienville Capital Management LLC Lowers Position in Palmer Square Capital BDC Inc. $PSBD

Posted by George Bondi on Sep 10th, 2026

Bienville Capital Management LLC decreased its holdings in shares of Palmer Square Capital BDC Inc. (NYSE:PSBD – Free Report) by 19.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 425,379 shares of the company’s stock after selling 99,843 shares during the period. Bienville Capital Management LLC’s holdings in Palmer Square Capital BDC were worth $4,622,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PSBD. OV Management LLC bought a new position in Palmer Square Capital BDC in the 2nd quarter worth about $38,867,000. Rivernorth Capital Management LLC boosted its position in shares of Palmer Square Capital BDC by 43.8% during the 1st quarter. Rivernorth Capital Management LLC now owns 834,603 shares of the company’s stock valued at $8,154,000 after acquiring an additional 254,061 shares during the last quarter. NewGen Asset Management Ltd bought a new stake in shares of Palmer Square Capital BDC during the 1st quarter valued at about $720,000. Bank of America Corp DE grew its holdings in shares of 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 worth $5,637,000 after purchasing an additional 56,547 shares in the last quarter. Finally, Closed End Fund Advisors Inc. purchased a new position in shares of Palmer Square Capital BDC during the fourth quarter worth about $2,686,000. 6.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Palmer Square Capital BDC

In related news, major shareholder Martin C. Bicknell bought 21,484 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average cost of $10.47 per share, with a total value of $224,937.48. Following the transaction, the insider owned 373,472 shares in the company, valued at approximately $3,910,251.84. This trade represents a 6.10% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on PSBD shares. Royal Bank Of Canada decreased their price objective on shares of Palmer Square Capital BDC from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Noble Financial initiated coverage on shares of Palmer Square Capital BDC in a report on Wednesday, June 24th. They issued a “neutral” rating on the stock. Wells Fargo & Company set a $11.50 price objective on shares of Palmer Square Capital BDC in a research report on Wednesday, June 24th. JPMorgan Chase & Co. cut their price objective on Palmer Square Capital BDC from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Finally, Wall Street Zen raised Palmer Square Capital BDC from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.50.

View Our Latest Analysis on PSBD

Palmer Square Capital BDC Stock Performance

Shares of PSBD stock opened at $10.23 on Thursday. Palmer Square Capital BDC Inc. has a fifty-two week low of $9.34 and a fifty-two week high of $13.93. The firm has a market cap of $313.58 million, a P/E ratio of -10.33 and a beta of 0.87. The business’s 50 day moving average price is $10.17 and its 200-day moving average price is $10.48.

Palmer Square Capital BDC (NYSE:PSBD – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.27 EPS 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 business had revenue of $13.06 million for the quarter, compared to the consensus estimate of $25.97 million. As a group, equities analysts predict that Palmer Square Capital BDC Inc. will post 1.5 EPS for the current year.

Palmer Square Capital BDC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Friday, September 25th will be issued a $0.36 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.44 annualized dividend and a yield of 14.1%. Palmer Square Capital BDC’s dividend payout ratio is -145.45%.

About Palmer Square Capital BDC

(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.