Streetbeat News

PSBD

Palmer Square Capital BDC Inc.

Industry

Asset Management

Palmer Square Capital BDC, Inc. engages in the provision of investment funds. It lends and invests in corporate debt securities of companies. The company was founded in 2019 and is headquartered in Mission Woods, KS.

Open

16.05

Mkt cap

515M

Volume

81K

High

16.05

P/E Ratio

8.82

52-wk high

17.12

Low

15.63

Div yield

0.09

52-wk low

15.27

Palmer Square Capital BDC Inc. (PSBD) held its Q3 2024 earnings call, featuring key company executives and financial analysts from UBS, JPMorgan, and Bank of America. The call was conducted in a listen-only mode.

Portfolio Pulse from

November 05, 2024 | 8:30 pm

Palmer Square Capital BDC Inc. (NYSE:PSBD) has announced a Q3 2024 supplemental dividend of $0.05 per share, in addition to its base dividend of $0.42 per share. Both dividends are payable on October 14, 2024, to shareholders of record as of September 27, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 1:16 pm

RBC Capital analyst Kenneth Lee has reiterated an Outperform rating on Palmer Square Capital BDC (NYSE:PSBD) and maintained a $17 price target.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 4:38 pm

Palmer Square Capital BDC (NYSE:PSBD) reported Q2 earnings per share of $0.48, missing the analyst estimate of $0.49. However, the company beat sales estimates with $36.55 million, a 33.19% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:18 am

Palmer Square Capital Management has successfully issued over $1.8 billion in CLOs across three transactions in a week, including a $1.0 billion static CLO, marking significant activity in the credit market. The AAA tranche of this CLO achieved the lowest coupon static CLO AAA pricing of the year, indicating strong investor demand and confidence in Palmer Square's credit offerings. Citibank arranged the deal, highlighting its role in facilitating significant credit market transactions.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:53 pm

Janney Montgomery Scott analyst John Rowan initiates coverage on Palmer Square Capital BDC (NYSE:PSBD) with a Neutral rating and a price target of $17.5.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:02 pm

Palmer Square Capital BDC announced a Q1 2024 dividend of $0.49/share, including a base distribution of $0.42/share and a supplemental dividend of $0.07/share, funded by excess quarterly undistributed net investment income.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 1:21 pm

In Monday's pre-market session, financial stocks showed significant movement. Palmer Square Capital BDC (PSBD) led the gainers with a 29.1% increase following its FY earnings report. Other notable gainers included Reliance Global Group (RELI), Bakkt Holdings (BKKT), Solowin Holdings (SWIN), KB Financial Group (KB), and Coinbase Global (COIN). On the losing side, ACRES Commercial Realty (ACR) saw a 9.1% decrease after its Q4 earnings, with Senmiao Tech (AIHS), Garden Stage (GSIW), Better Home & Finance (BETR), and Lion Group Holding (LGHL) also experiencing declines.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:09 pm

The article lists companies scheduled to report their earnings on February 28, 2024, including their expected earnings per share and revenue. It covers a wide range of sectors and provides a comprehensive overview of the financial performance expectations for these companies.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 11:24 am

UBS has initiated coverage on Palmer Square Capital BDC (PSBD) with a Neutral rating and set a price target of $16.5. This new coverage could influence investor sentiment and potentially impact PSBD's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:35 pm

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