Palmer Square Capital BDC Inc. (NYSE:PSBD – Get Free Report) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $16.93.
A number of equities analysts have commented on PSBD shares. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price objective on shares of Palmer Square Capital BDC in a research note on Tuesday, August 13th. Janney Montgomery Scott started coverage on Palmer Square Capital BDC in a research report on Monday, April 22nd. They issued a “neutral” rating and a $17.50 price target for the company.
Check Out Our Latest Analysis on PSBD
Palmer Square Capital BDC Trading Down 0.4 %
Palmer Square Capital BDC Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Friday, September 27th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.68 annualized dividend and a yield of 10.31%.
Institutional Trading of Palmer Square Capital BDC
Institutional investors have recently added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC bought a new position in shares of Palmer Square Capital BDC during the first quarter valued at approximately $170,000. Renaissance Technologies LLC purchased a new stake in Palmer Square Capital BDC in the second quarter worth $173,000. Marble Harbor Investment Counsel LLC bought a new stake in shares of Palmer Square Capital BDC during the second quarter worth $315,000. Capstone Investment Advisors LLC purchased a new stake in shares of Palmer Square Capital BDC during the first quarter valued at $1,032,000. Finally, Confluence Investment Management LLC grew its holdings in shares of Palmer Square Capital BDC by 70.5% in the second quarter. Confluence Investment Management LLC now owns 85,240 shares of the company’s stock worth $1,377,000 after purchasing an additional 35,240 shares during the last quarter. Institutional investors own 6.52% of the company’s stock.
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.
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