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

14.44

Mkt cap

474M

Volume

26K

High

14.82

P/E Ratio

9.88

52-wk high

17.09

Low

14.44

Div yield

0.13

52-wk low

14.23

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

B of A Securities has initiated coverage on Palmer Square Capital BDC (NYSE:PSBD) with a Neutral rating and set a price target of $16.5.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:35 pm

Citigroup analyst Arren Cyganovich initiates coverage on Palmer Square Capital BDC (NYSE:PSBD) with a Buy rating and a price target of $17.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:32 pm

RBC Capital analyst Kenneth Lee initiates coverage on Palmer Square Capital BDC (NYSE:PSBD) with an Outperform rating and a price target of $17.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 11:06 am

JP Morgan analyst Melissa Wedel has initiated coverage on Palmer Square Capital BDC (NYSE:PSBD) with an Overweight rating and set a price target of $17. This move could indicate a positive outlook on PSBD's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 11:05 am

Palmer Square Capital BDC has completed its initial public offering (IPO), offering 5.45 million common shares at a price of $16.45 per share. The shares began trading on the New York Stock Exchange on January 18, 2024, under the ticker symbol 'PSBD'. The company raised approximately $89.7 million in gross proceeds, which will be used to make investments aligned with its investment objectives and strategies.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 7:10 am

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