Pearl Diver Credit (NYSE:PDCC) Stock Price Down 1.5% – Here’s What Happened

Shares of Pearl Diver Credit Company Inc. (NYSE:PDCC – Get Free Report) traded down 1.5% during mid-day trading on Wednesday. The stock traded as low as $8.10 and last traded at $8.0760. 2,235 shares traded hands during trading, a decline of 15% from the average session volume of 2,637 shares. The stock had previously closed at $8.20.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners restated a “buy” rating on shares of Pearl Diver Credit in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, Pearl Diver Credit currently has an average rating of “Buy”.

Read Our Latest Analysis on PDCC

Pearl Diver Credit Stock Down 2.7%

The firm has a fifty day moving average price of $8.73 and a 200 day moving average price of $9.61. The company has a market cap of $53.45 million, a P/E ratio of -1.75 and a beta of 0.59.

Pearl Diver Credit (NYSE:PDCC – Get Free Report) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.11). The business had revenue of $4.16 million during the quarter, compared to analysts’ expectations of $4.91 million.

Pearl Diver Credit Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 19.8%. The ex-dividend date is Monday, November 16th. Pearl Diver Credit’s dividend payout ratio is currently -34.67%.

Pearl Diver Credit Company Profile

(Get Free Report)

Pearl Diver Credit Company Inc is a newly organized, externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio’s total return, with a secondary objective of generating high current income. Pearl Diver Credit Company Inc is based in NEW YORK.

Further Reading

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