Palmer Square Capital BDC Inc. (NYSE:PSBD - Get Free Report) President Matthew L. Bloomfield acquired 4,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $15.48 per share, with a total value of $61,920.00. Following the completion of the transaction, the president now owns 41,478 shares in the company, valued at $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 available at this link.
Palmer Square Capital BDC Stock Performance
NYSE:PSBD opened at $15.37 on Friday. The company has a market capitalization of $501.08 million, a price-to-earnings ratio of 8.00 and a beta of 0.20. Palmer Square Capital BDC Inc. has a one year low of $14.99 and a one year high of $17.09. The stock has a 50-day simple moving average of $15.55 and a 200 day simple moving average of $15.88.
Palmer Square Capital BDC Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, March 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 9.37%. Palmer Square Capital BDC's dividend payout ratio (DPR) is presently 97.30%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC increased its stake in shares of Palmer Square Capital BDC by 995.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 2,433 shares of the company's stock valued at $37,000 after acquiring an additional 2,211 shares during the period. Wells Fargo & Company MN grew its position in Palmer Square Capital BDC by 271.5% during the 4th quarter. Wells Fargo & Company MN now owns 7,501 shares of the company's stock worth $114,000 after purchasing an additional 5,482 shares in the last quarter. Marble Harbor Investment Counsel LLC grew its position in Palmer Square Capital BDC by 24.3% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 31,950 shares of the company's stock worth $486,000 after purchasing an additional 6,250 shares in the last quarter. Citadel Advisors LLC grew its position in Palmer Square Capital BDC by 32.9% during the 4th quarter. Citadel Advisors LLC now owns 42,203 shares of the company's stock worth $641,000 after purchasing an additional 10,457 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Palmer Square Capital BDC by 72.0% during the 4th quarter. Franklin Resources Inc. now owns 57,866 shares of the company's stock valued at $880,000 after buying an additional 24,232 shares during the period. Institutional investors and hedge funds own 6.52% of the company's stock.
Palmer Square Capital BDC Company Profile
(
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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.
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