Brokerages Set Palmer Square Capital BDC Inc. (NYSE:PSBD) Price Target at $16.93

Shares of Palmer Square Capital BDC Inc. (NYSE:PSBD) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $16.93.

Several equities analysts have recently weighed in on the company. UBS Group assumed 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. Janney Montgomery Scott assumed coverage on Palmer Square Capital BDC in a research report on Monday, April 22nd. They issued a “neutral” rating and a $17.50 target price on the stock. JPMorgan Chase & Co. assumed 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. Oppenheimer initiated coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They issued an “outperform” rating and a $17.00 target price on the stock. Finally, Royal Bank of Canada initiated coverage on Palmer Square Capital BDC in a research report on Monday, February 12th. They set an “outperform” rating and a $17.00 price objective on the stock.

Palmer Square Capital BDC Trading Up 0.5 %

Shares of PSBD opened at $16.51 on Friday. Palmer Square Capital BDC has a 12 month low of $15.27 and a 12 month high of $17.12. The firm has a 50 day simple moving average of $16.35.

Palmer Square Capital BDC (NYSE:PSBD) last released its earnings results on Wednesday, February 28th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. The business had revenue of $29.82 million for the quarter, compared to the consensus estimate of $29.78 million. Palmer Square Capital BDC had a return on equity of 23.31% and a net margin of 96.09%. Research analysts anticipate that Palmer Square Capital BDC will post 1.92 earnings per share for the current year.

Palmer Square Capital BDC Dividend Announcement

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

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.