Palmer Square Capital BDC Inc. (NYSE:PSBD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Palmer Square Capital BDC Inc. (NYSE:PSBD) has earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.93.

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

Palmer Square Capital BDC Stock Down 1.2 %

Shares of Palmer Square Capital BDC stock opened at $16.41 on Friday. Palmer Square Capital BDC has a fifty-two week low of $15.27 and a fifty-two week high of $17.12. The business has a fifty day moving average price of $16.34.

Palmer Square Capital BDC (NYSE:PSBD) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. Palmer Square Capital BDC had a return on equity of 23.31% and a net margin of 96.09%. The business had revenue of $29.82 million for the quarter, compared to the consensus estimate of $29.78 million. On average, sell-side analysts forecast that Palmer Square Capital BDC will post 1.92 EPS for the current year.

Palmer Square Capital BDC Announces Dividend

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

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.