Palmer Square Capital BDC (NYSE:PSBD) Receives New Coverage from Analysts at Janney Montgomery Scott

Janney Montgomery Scott assumed coverage on shares of Palmer Square Capital BDC (NYSE:PSBD) in a research report released on Monday morning, Marketbeat.com reports. The firm issued a neutral rating and a $17.50 price objective on the stock.

Several other brokerages have also weighed in on PSBD. Bank of America began coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They issued a neutral rating and a $16.50 target price on the stock. JPMorgan Chase & Co. began coverage on 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. UBS Group started coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They issued a neutral rating and a $16.50 target price on the stock. Citigroup started coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They issued a buy rating and a $17.00 price objective on the stock. Finally, Royal Bank of Canada started coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They issued an outperform rating and a $17.00 price objective on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Palmer Square Capital BDC has a consensus rating of Moderate Buy and an average target price of $16.93.

Palmer Square Capital BDC Stock Performance

PSBD stock opened at $16.60 on Monday. Palmer Square Capital BDC has a 52-week low of $15.27 and a 52-week high of $17.12. The business’s fifty day simple moving average is $16.34.

Palmer Square Capital BDC (NYSE:PSBD) last issued 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 business had revenue of $29.82 million for the quarter, compared to analyst estimates 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, equities research analysts predict that Palmer Square Capital BDC will post 1.92 EPS for the current fiscal year.

Palmer Square Capital BDC Announces Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, April 10th. Stockholders of record on Thursday, March 28th were given a dividend of $0.07 per share. This represents a dividend yield of 3.42%. The ex-dividend date of this dividend 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.