Palmer Square Capital BDC (NYSE:PSBD) Research Coverage Started at Janney Montgomery Scott

Equities researchers at Janney Montgomery Scott initiated coverage on shares of Palmer Square Capital BDC (NYSE:PSBD) in a research report issued on Monday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $17.50 price target on the stock. Janney Montgomery Scott’s target price suggests a potential upside of 3.98% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Bank of America began 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 for the company. Citigroup began coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They issued a “buy” rating and a $17.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They issued an “overweight” rating and a $17.00 target price for the company. UBS Group began coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They issued a “neutral” rating and a $16.50 target price for the company. Finally, Oppenheimer began coverage on shares of Palmer Square Capital BDC in a research note on Monday, February 12th. They issued an “outperform” rating and a $17.00 target price for the company. 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.93.

Palmer Square Capital BDC Price Performance

PSBD stock opened at $16.83 on Monday. Palmer Square Capital BDC has a 52-week low of $15.27 and a 52-week high of $17.12. The company’s 50-day moving average price is $16.33.

Palmer Square Capital BDC (NYSE:PSBD) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $29.82 million during the quarter, compared to analysts’ expectations of $29.78 million. As a group, equities analysts anticipate that Palmer Square Capital BDC will post 1.9 EPS for the current fiscal year.

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.