Palmer Square Capital BDCPSBD
PSBD
About: Palmer Square Capital BDC Inc is a financial services company that lends to and invests in corporate debt securities of companies, including small to large private U.S. companies. Their investment objective is to maximize total return, comprised of current income and capital appreciation.
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
300% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 4 (+3) [Q4]
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
148% more capital invested
Capital invested by funds: $84.7M [Q3] → $210M (+$125M) [Q4]
113% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 8
26.07% more ownership
Funds ownership: 15.9% [Q3] → 41.96% (+26.07%) [Q4]
10% more funds holding
Funds holding: 30 [Q3] → 33 (+3) [Q4]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13.50
7%
upside
Avg. target
$13.75
9%
upside
High target
$14
10%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
JP Morgan Melissa Wedel 53% 1-year accuracy 10 / 19 met price target | 7%upside $13.50 | Overweight Maintained | 24 Apr 2025 |
UBS Jay Sole 33% 1-year accuracy 20 / 61 met price target | 11%upside $14 | Neutral Maintained | 17 Apr 2025 |
Financial journalist opinion
Based on 5 articles about PSBD published over the past 30 days
Negative
Zacks Investment Research
6 hours ago
Analysts Estimate Palmer Square Capital BDC Inc. (PSBD) to Report a Decline in Earnings: What to Look Out for
Palmer Square Capital BDC Inc. (PSBD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Negative
Seeking Alpha
1 week ago
Palmer Square Capital BDC: An Ugly Duckling
Palmer Square Capital BDC's recent dividend cut and high leverage raise concerns, especially given their short track record and economic uncertainty. Despite some positive metrics like high exposure to first-lien loans and larger borrower EBITDAs, caution is warranted due to potential recession risks. The BDC's high leverage ratio of 1.50x, well above peers, limits flexibility and poses risks in a volatile economic environment.
Neutral
Business Wire
2 weeks ago
Palmer Square Capital BDC Inc. Announces First Quarter 2025 Earnings Release and Conference Call
MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital BDC Inc. (NYSE: PSBD) ("Palmer Square" or the "Company"), an externally managed business development company, today announced that it will release its financial results for the first quarter ended March 31, 2025 before the market opens on Wednesday, May 7, 2025. Palmer Square will host a conference call at 1:00 pm ET that day to review its financial performance and conduct a question-and-answer session. To participate in the earnings c.
Neutral
Seeking Alpha
3 weeks ago
Palmer Square Capital: Dividend Cut And Falling NAV (Rating Downgrade)
I am downgrading Palmer Square Capital to a hold due to declining NAV, reduced dividend, and high debt levels amidst elevated interest rates. Despite a diverse portfolio and low non-accruals, PSBD's high debt and reduced dividend limit growth potential and reliability of income. PSBD's price trades at a significant discount to NAV, presenting a potential entry point, but future earnings and rate cuts are uncertain.
Neutral
Seeking Alpha
3 weeks ago
BDC Weekly Review: CGBD Completes Its Merger
We take a look at the action in business development companies through the last week of March and highlight some of the key themes we are watching. BDCs finished flat for the week with MAIN and HTGC underperforming; sector valuation remains slightly above historic averages and down 7% from the recent peak. Carlyle Secured Lending's merger with CSL III closed, potentially pushing CGBD prices lower; CGBD is down 3.5% YTD, slightly expensive, but worth watching.
Neutral
Business Wire
1 month ago
Palmer Square Capital BDC Inc. Announces First Quarter 2025 Supplemental Dividend of $0.03
MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital BDC Inc. (NYSE: PSBD) (“PSBD” or the “Company”), an externally managed business development company, today announced that its Board of Directors has declared a first quarter 2025 supplemental dividend of $0.03 per share. Shareholders of record as of March 28, 2025, will receive the supplemental dividend, payable on April 10, 2025. The supplemental dividend will be paid out of the excess of the Company's quarterly undistributed net inve.
Neutral
Seeking Alpha
2 months ago
Palmer Square Capital BDC Inc. (PSBD) Q4 2024 Earnings Call Transcript
Palmer Square Capital BDC Inc. (NYSE:PSBD ) Q4 2024 Results Conference Call February 27, 2025 1:00 PM ET Company Participants Jeremy Goff - Managing Director Chris Long - Chairman and Chief Executive Officer Angie Long - Chief Investment Officer Matt Bloomfield - President Jeff Fox - Chief Financial Officer and Director Conference Call Participants Kenneth Lee - RBC Capital Markets Doug Harter - UBS Financial Melissa Wedel - JPMorgan Operator Welcome to Palmer Square Capital BDC's Fourth Quarter and Year-End 2024 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded.
Positive
Zacks Investment Research
2 months ago
Compared to Estimates, Palmer Square Capital BDC Inc. (PSBD) Q4 Earnings: A Look at Key Metrics
The headline numbers for Palmer Square Capital BDC Inc. (PSBD) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Negative
Zacks Investment Research
2 months ago
Palmer Square Capital BDC Inc. (PSBD) Q4 Earnings and Revenues Lag Estimates
Palmer Square Capital BDC Inc. (PSBD) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.58 per share a year ago.
Neutral
Business Wire
2 months ago
Palmer Square Capital BDC Inc. Announces Fourth Quarter and Full Year 2024 Financial Results
MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital BDC Inc. (NYSE: PSBD) (“PSBD” or the “Company”), an externally managed business development company, today announced its financial results for the fourth quarter and full year ended December 31, 2024. Financial and Operating Highlights Total investment income of $34.9 million for the fourth quarter of 2024, compared to $29.8 million for the prior year period Net investment income of $14.8 million or $0.45 per share for the fourth quart.
Charts implemented using Lightweight Charts™