Palmer Square Capital BDC Inc. (NYSE:PSBD) Sees Significant Decrease in Short Interest

Palmer Square Capital BDC Inc. (NYSE:PSBD) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 18,200 shares, a decline of 12.5% from the January 31st total of 20,800 shares. Based on an average daily volume of 21,000 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the shares of the company are sold short.

Insider Buying and Selling at Palmer Square Capital BDC

In other Palmer Square Capital BDC news, President Matthew L. Bloomfield purchased 4,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $15.48 per share, for a total transaction of $61,920.00. Following the completion of the transaction, the president now owns 41,478 shares of the company’s stock, valued at approximately $642,079.44. The trade was a 10.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.96% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PSBD. Mariner LLC increased its holdings in Palmer Square Capital BDC by 97.7% in the 4th quarter. Mariner LLC now owns 2,275,470 shares of the company’s stock worth $34,587,000 after acquiring an additional 1,124,766 shares in the last quarter. 1248 Management LLC bought a new position in shares of Palmer Square Capital BDC in the fourth quarter worth approximately $34,064,000. Pandi LLC purchased a new stake in shares of Palmer Square Capital BDC in the fourth quarter worth $13,860,000. Bienville Capital Management LLC raised its position in shares of Palmer Square Capital BDC by 61.9% during the 4th quarter. Bienville Capital Management LLC now owns 676,406 shares of the company’s stock valued at $10,606,000 after purchasing an additional 258,643 shares during the period. Finally, FMR LLC lifted its stake in shares of Palmer Square Capital BDC by 7.3% during the 3rd quarter. FMR LLC now owns 383,125 shares of the company’s stock valued at $6,245,000 after buying an additional 25,951 shares in the last quarter. Institutional investors own 6.52% of the company’s stock.

Palmer Square Capital BDC Price Performance

NYSE:PSBD opened at $15.13 on Friday. Palmer Square Capital BDC has a one year low of $14.99 and a one year high of $17.09. The business has a fifty day moving average price of $15.54 and a 200-day moving average price of $15.87. The firm has a market capitalization of $493.45 million, a price-to-earnings ratio of 7.88 and a beta of 0.20.

Palmer Square Capital BDC Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Friday, March 28th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 9.52%. The ex-dividend date of this dividend is Friday, March 28th. Palmer Square Capital BDC’s payout ratio is 97.30%.

Palmer Square Capital BDC Company Profile

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.