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

Janney Montgomery Scott initiated coverage on shares of Palmer Square Capital BDC (NYSE:PSBD) in a research note published on Monday morning, MarketBeat.com reports. The firm issued a neutral rating and a $17.50 target price on the stock.

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

Palmer Square Capital BDC Stock Performance

NYSE PSBD opened at $16.60 on Monday. Palmer Square Capital BDC has a twelve month low of $15.27 and a twelve month high of $17.12. The business’s 50 day moving average price is $16.34.

Palmer Square Capital BDC (NYSE:PSBD) last posted its quarterly earnings data 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. Palmer Square Capital BDC had a net margin of 96.09% and a return on equity of 23.31%. The firm had revenue of $29.82 million for the quarter, compared to analysts’ expectations of $29.78 million. As a group, equities analysts expect that Palmer Square Capital BDC will post 1.92 earnings per share for the current year.

Palmer Square Capital BDC Dividend Announcement

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

About Palmer Square Capital BDC

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.