A First Look At Palmer Square Capital's New BDC [Seeking Alpha]
Palmer Square Capital BDC Inc. (PSBD)
Company Research
Source: Seeking Alpha
The BDC has a portfolio primarily consisting of floating-rate loans and is diversified across 38 different industries. Financials show steady growth in net income and improvement in the debt-to-equity ratio, but the portfolio yield has been dropping. Until PSBD has more public history, sticking with proven BDCs seems smarter while the FOMC is expressing uncertainty as to what 2024 will bring, thus a Hold rating for PSBD. Looking for more investing ideas like this one? Get them exclusively at Hoya Capital Income Builder. Learn More » Introduction In recent months, at least four managers have started or went public via an IPO with a Business Development Company. Trapping Value covered Blue Owl Capital Corporation III OBDE ). Two others were covered by me: This article covers the fourth new Business Development Company fund that I became aware of, the Palmer Square Capital BDC Inc. NYSE: PSBD ). As with other new issues, my rating is a Hold until this BDC proves itself. Pa
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PSBD
News
- Palmer Square Capital BDC Inc. Announces First Quarter 2024 Financial Results and Declares Second Quarter 2024 Base Dividend Distribution of $0.42 Per Share [Yahoo! Finance]Yahoo! Finance
- Palmer Square Capital BDC Inc. Announces First Quarter 2024 Financial Results and Declares Second Quarter 2024 Base Dividend Distribution of $0.42 Per ShareBusiness Wire
- Palmer Square Prices First CLO Issued From its Newly-Public BDC ("PSBD") [Yahoo! Finance]Yahoo! Finance
- Palmer Square Prices First CLO Issued From its Newly-Public BDC (“PSBD”)Business Wire
- Palmer Square Capital BDC Inc. (NYSE: PSBD) is now covered by analysts at Janney Montgomery Scott. They set a "neutral" rating and a $17.50 price target on the stock.MarketBeat
PSBD
Earnings
- 5/7/24 - Beat
PSBD
Sec Filings
- 5/7/24 - Form 8-K
- 5/7/24 - Form 10-Q
- 4/26/24 - Form 8-K
- PSBD's page on the SEC website