Palmer Square Capital BDC (NYSE:PSBD – Get Free Report)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank of Canada in a research report issued on Tuesday, Benzinga reports. They presently have a $17.00 price target on the stock. Royal Bank of Canada’s price target points to a potential upside of 3.47% from the company’s current price.
Separately, Janney Montgomery Scott began coverage on Palmer Square Capital BDC in a research note on Monday, April 22nd. They set a “neutral” rating and a $17.50 price target on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.93.
Check Out Our Latest Research Report on PSBD
Palmer Square Capital BDC Price Performance
Hedge Funds Weigh In On Palmer Square Capital BDC
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Apollo Management Holdings L.P. bought a new stake in Palmer Square Capital BDC in the first quarter worth approximately $9,713,000. Confluence Investment Management LLC increased its holdings in 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 in the last quarter. Capstone Investment Advisors LLC bought a new stake in Palmer Square Capital BDC in the first quarter worth approximately $1,032,000. Marble Harbor Investment Counsel LLC bought a new stake in Palmer Square Capital BDC in the second quarter worth approximately $315,000. Finally, Renaissance Technologies LLC bought a new stake in Palmer Square Capital BDC in the second quarter worth approximately $173,000. 6.52% of the stock is owned by institutional investors and hedge funds.
About Palmer Square Capital BDC
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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