Palmer Square Capital BDC Inc. (NYSE:PSBD) Receives Average Rating of “Moderate Buy” from Brokerages

Palmer Square Capital BDC Inc. (NYSE:PSBD) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $16.93.

PSBD has been the topic of several research analyst reports. UBS Group began coverage on Palmer Square Capital BDC in a research note on Monday, February 12th. They issued a “neutral” rating and a $16.50 price objective on the stock. Bank of America began coverage on shares of Palmer Square Capital BDC in a research report on Monday, February 12th. They set a “neutral” rating and a $16.50 price objective for the company. JPMorgan Chase & Co. began coverage on shares of Palmer Square Capital BDC in a research report on Monday, February 12th. They issued an “overweight” rating and a $17.00 target price on the stock. Oppenheimer assumed coverage on shares of Palmer Square Capital BDC in a report on Monday, February 12th. They set an “outperform” rating and a $17.00 price target for the company. Finally, Citigroup assumed coverage on Palmer Square Capital BDC in a research note on Monday, February 12th. They issued a “buy” rating and a $17.00 price target for the company.

Palmer Square Capital BDC Stock Down 1.2 %

Shares of NYSE:PSBD opened at $16.41 on Friday. The firm has a 50 day moving average price of $16.34. Palmer Square Capital BDC has a 12 month low of $15.27 and a 12 month high of $17.12.

Palmer Square Capital BDC (NYSE:PSBD) last released its earnings results on Wednesday, February 28th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. The firm had revenue of $29.82 million during the quarter, compared to analysts’ expectations of $29.78 million. Palmer Square Capital BDC had a return on equity of 23.31% and a net margin of 96.09%. As a group, research analysts expect that Palmer Square Capital BDC will post 1.92 EPS for the current year.

Palmer Square Capital BDC Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 28th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 27th. This represents a dividend yield of 3.42%.

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.