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 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
67% more capital invested
Capital invested by funds: $50.7M [Q2] → $84.7M (+$33.9M) [Q3]
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
7% more funds holding
Funds holding: 28 [Q2] → 30 (+2) [Q3]
6.26% more ownership
Funds ownership: 9.64% [Q2] → 15.9% (+6.26%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for PSBD.
Financial journalist opinion
Based on 3 articles about PSBD published over the past 30 days
Positive
Seeking Alpha
4 days ago
Palmer Square Capital: This New BDC Is Aligned For Success
Palmer Square Capital BDC offers a high dividend yield of 11%, making this an attractive pick for income focused investors. PSBD's diversified portfolio, primarily in first lien senior secured debt, reduces risk and capitalizes on the higher interest rate environment. Financials show solid net investment income and low non-accrual rates.
Neutral
PRNewsWire
1 week ago
Palmer Square Capital Management Set to Launch First European CLO ETFs
Top global CLO issuer expands European footprint with three innovative investment products MISSION WOODS, Kan. , Jan. 8, 2025 /PRNewswire/ -- Palmer Square Capital Management ("Palmer Square"), a credit-focused alternative asset management firm with more than $33 billion in assets under management founded in 2009, is planning to launch three pioneering ETFs for European institutional investors.
Neutral
Business Wire
4 weeks ago
Palmer Square Capital BDC Announces Fourth Quarter 2024 Supplemental Dividend of $0.06
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 its Board of Directors has declared a fourth quarter 2024 supplemental dividend of $0.06 per share. Shareholders of record as of December 27, 2024, will receive the supplemental dividend, payable on January 13, 2025. The supplemental dividend will be paid out of the excess of the Company's quarterly undistr.
Neutral
Seeking Alpha
2 months ago
Palmer Square Capital BDC Inc. (PSBD) Q3 2024 Earnings Call Transcript
Call Star: 13:00 January 1, 0000 1:33 PM ET Palmer Square Capital BDC Inc. (NYSE:PSBD ) Q3 2024 Earnings Conference Call November 5, 2024 01:00 PM ET Company Participants Andrew Wedderburn-Maxwell - Investor Relations Christopher Long - Chairman and Chief Executive Officer Angie Long - Chief Investment Officer Matthew Bloomfield - President Jeffrey Fox - Chief Financial Officer and Director Conference Call Participants Doug Harter - UBS Financial Melissa Wedel - JPMorgan Derek Hewett - Bank of America Operator Welcome to Palmer Square Capital BDC's Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Neutral
Business Wire
2 months ago
Palmer Square Capital BDC Inc. Announces Third Quarter 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 third quarter ended September 30, 2024. Financial and Operating Highlights Total investment income of $37.3 million for the third quarter of 2024, compared to $28.8 million for the prior year period Net investment income of $15.7 million or $0.48 per share for the third quarter of 2024, as c.
Neutral
Business Wire
3 months ago
Palmer Square Capital BDC Announces Third Quarter 2024 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 third quarter ended September 30, 2024, before the market opens on Tuesday, November 5, 2024. 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 ea.
Neutral
Business Wire
3 months ago
Palmer Square Capital BDC Announces Third Quarter 2024 Supplemental Dividend of $0.05
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 its Board of Directors has declared a third quarter 2024 supplemental dividend of $0.05 per share. Shareholders of record as of September 27, 2024 will receive the supplemental dividend, payable on October 14, 2024. The supplemental dividend will be paid out of the excess of the Company's quarterly undistri.
Neutral
PRNewsWire
4 months ago
Palmer Square Capital Management Launches New Multi-Asset and CLO Credit ETFs
Top global CLO issuer introduces active Credit Opportunities ETF (PSQO) and passive CLO Senior Debt ETF (PSQA) MISSION WOODS, Kan., Sept. 11, 2024 /PRNewswire/ -- Palmer Square Capital Management ("Palmer Square") a credit-focused alternative asset management firm founded in 2009 with over $32 billion in assets under management, is announcing the launch of two innovative exchange traded funds (ETFs).
Positive
Seeking Alpha
4 months ago
Palmer Square Capital: New BDC With Already Attractive Investment Case
Palmer Square Capital BDC was made public just back in January 2024. Even though there is a limited track-record for PSBD as a publicly traded BDC, the fundamentals are already there to support a bullish thesis. In this article I elaborate on the key strengths and some of the drawbacks of PSBD.
Neutral
Business Wire
4 months ago
Palmer Square Capital Management Hires Industry Veteran Courtney Cytryn
MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square is excited to announce the hiring of Courtney Cytryn as an Executive Director based in New York. Courtney brings extensive business development experience to the firm. Given her depth of experience, Courtney is focused on further enhancing the firm's relationships within institutional asset management and investment banking with a particular focus on our Business Development Company (“BDC”) and upcoming ETF platforms. According to Christopher.
Charts implemented using Lightweight Charts™