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 7,296 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
200% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 6
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
10.43% more ownership
Funds ownership: 41.96% [Q4 2024] → 52.4% (+10.43%) [Q1 2025]
9% more capital invested
Capital invested by funds: $210M [Q4 2024] → $229M (+$19.5M) [Q1 2025]
6% more funds holding
Funds holding: 33 [Q4 2024] → 35 (+2) [Q1 2025]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q4 2024] → 4 (+0) [Q1 2025]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13.50
5%
downside
Avg. target
$14.13
1%
downside
High target
$15
6%
upside
4 analyst ratings
3 positive
75%
1 neutral
25%
0 negative
0%
RBC Capital Kenneth Lee | 6%upside $15 | Outperform Maintained | 22 May 2025 |
Oppenheimer Mitchel Penn | 1%downside $14 | Perform Downgraded | 9 May 2025 |
JP Morgan Melissa Wedel | 5%downside $13.50 | Overweight Maintained | 24 Apr 2025 |
UBS Jay Sole | 1%downside $14 | Neutral Maintained | 17 Apr 2025 |
Financial journalist opinion
Neutral
PRNewsWire
2 weeks ago
Palmer Square's CLO Indices Celebrate 10 Year Anniversary
MISSION WOODS, Kan., May 29, 2025 /PRNewswire/ -- Today, Palmer Square Capital Management ("Palmer Square") celebrates the 10 year anniversary of its groundbreaking CLO indices.
Neutral
Seeking Alpha
1 month ago
Palmer Square Capital BDC Inc. (PSBD) Q1 2025 Earnings Call Transcript
Palmer Square Capital BDC Inc. (NYSE:PSBD ) Q1 2025 Results Conference Call May 7, 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 Melissa Wedel - JPMorgan Kenneth Lee - RBC Capital Markets Operator Welcome to Palmer Square Capital BDC's First Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded.
Positive
Zacks Investment Research
1 month ago
Palmer Square Capital BDC Inc. (PSBD) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for Palmer Square Capital BDC Inc. (PSBD) give insight into how the company performed in the quarter ended March 2025, 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
1 month ago
Palmer Square Capital BDC Inc. (PSBD) Misses Q1 Earnings and Revenue Estimates
Palmer Square Capital BDC Inc. (PSBD) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.52 per share a year ago.
Neutral
Business Wire
1 month ago
Palmer Square Capital BDC Inc. Announces First Quarter 2025 Financial Results
MISSION WOODS, Kansas--(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 first quarter ended March 31, 2025. Financial and Operating Highlights Total investment income of $31.2 million for the first quarter of 2025, compared to $34.8 million for the prior year period Net investment income of $12.9 million or $0.40 per share for the first quarter of 2025, as com.
Negative
Zacks Investment Research
1 month 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 month 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
1 month 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
2 months 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
2 months 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.
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