63,350 Shares in Palmer Square Capital BDC Inc. (NYSE:PSBD) Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new position in shares of Palmer Square Capital BDC Inc. (NYSE:PSBD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 63,350 shares of the company’s stock, valued at approximately $1,032,000. Capstone Investment Advisors LLC owned approximately 0.19% of Palmer Square Capital BDC at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Janney Montgomery Scott started coverage on shares of Palmer Square Capital BDC in a research report on Monday, April 22nd. They set a “neutral” rating and a $17.50 price objective for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.93.

Palmer Square Capital BDC Price Performance

PSBD traded down $0.02 during trading on Friday, reaching $16.15. 9,446 shares of the company’s stock were exchanged, compared to its average volume of 13,108. Palmer Square Capital BDC Inc. has a one year low of $15.27 and a one year high of $17.12. The stock has a fifty day moving average price of $16.52.

Palmer Square Capital BDC (NYSE:PSBD) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Palmer Square Capital BDC had a net margin of 84.94% and a return on equity of 18.90%. The company had revenue of $34.79 million for the quarter, compared to analyst estimates of $30.34 million. As a group, equities research analysts predict that Palmer Square Capital BDC Inc. will post 2.01 EPS for the current year.

Palmer Square Capital BDC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Friday, June 28th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 10.40%. The ex-dividend date is Friday, June 28th.

Palmer Square Capital BDC 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.