Palmer Square Capital BDC Inc. (NYSE:PSBD) Short Interest Down 12.5% in February

Palmer Square Capital BDC Inc. (NYSE:PSBD) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 18,200 shares, a drop of 12.5% from the January 31st total of 20,800 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 21,000 shares, the days-to-cover ratio is currently 0.9 days.

Insider Activity

In other news, President Matthew L. Bloomfield bought 4,200 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were purchased at an average price of $15.38 per share, for a total transaction of $64,596.00. Following the completion of the purchase, the president now owns 32,478 shares in the company, valued at approximately $499,511.64. This represents a 14.85 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Palmer Square Capital BDC

Institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC lifted its stake in Palmer Square Capital BDC by 995.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 2,433 shares of the company’s stock valued at $37,000 after acquiring an additional 2,211 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Palmer Square Capital BDC by 271.5% during the fourth quarter. Wells Fargo & Company MN now owns 7,501 shares of the company’s stock valued at $114,000 after purchasing an additional 5,482 shares during the last quarter. Marble Harbor Investment Counsel LLC lifted its position in Palmer Square Capital BDC by 24.3% during the fourth quarter. Marble Harbor Investment Counsel LLC now owns 31,950 shares of the company’s stock valued at $486,000 after purchasing an additional 6,250 shares during the period. Citadel Advisors LLC boosted its holdings in Palmer Square Capital BDC by 32.9% in the fourth quarter. Citadel Advisors LLC now owns 42,203 shares of the company’s stock worth $641,000 after purchasing an additional 10,457 shares during the last quarter. Finally, Confluence Investment Management LLC grew its position in Palmer Square Capital BDC by 22.1% in the 3rd quarter. Confluence Investment Management LLC now owns 104,082 shares of the company’s stock worth $1,697,000 after purchasing an additional 18,842 shares during the period. 6.52% of the stock is owned by hedge funds and other institutional investors.

Palmer Square Capital BDC Stock Down 1.9 %

Shares of NYSE PSBD opened at $15.13 on Friday. The firm has a market cap of $493.45 million, a P/E ratio of 7.88 and a beta of 0.20. Palmer Square Capital BDC has a twelve month low of $14.99 and a twelve month high of $17.09. The company has a 50 day moving average of $15.54 and a 200 day moving average of $15.87.

Palmer Square Capital BDC Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 28th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 9.52%. The ex-dividend date of this dividend is Friday, March 28th. Palmer Square Capital BDC’s dividend payout ratio is currently 97.30%.

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.