4 hours Ago By Defense World Staff
Renaissance Technologies LLC trimmed its holdings in Palmer Square Capital BDC Inc. (NYSE:PSBD – Free Report) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 62,000 shares of the company’s stock after selling 4,400 shares during the period. Renaissance Technologies LLC owned approximately 0.19% of Palmer Square Capital BDC worth $942,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of PSBD. Hennion & Walsh Asset Management Inc. grew its position in shares of Palmer Square Capital BDC by 73.
0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 83,997 shares of the company’s stock valued at $1,277,000 after purchasing an additional 35,437 shares in the last quarter.
Franklin Resources Inc. grew its position 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 purchasing an additional 24,232 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Palmer Square Capital BDC by 120.
3% during the 4th quarter. Bank of New York Mellon Corp now owns 77,878 shares of the company’s stock valued at $1,184,000 after purchasing an additional 42,533 shares in the last quarter. Marble Harbor Investment Counsel LLC grew its position in shares of 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 valued at $486,000 after purchasing an additional 6,250 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of 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 valued at $114,000 after purchasing an additional 5,482 shares in the last quarter. 6.
52% of the stock is currently owned by hedge funds and other institutional investors. Palmer Square Capital BDC Stock PerformanceShares of NYSE:PSBD opened at $12.82 on Thursday.
Palmer Square Capital BDC Inc. has a 52-week low of $11.89 and a 52-week high of $16.
85. The firm has a fifty day moving average of $13.94 and a 200 day moving average of $15.
15. The firm has a market capitalization of $418.09 million, a PE ratio of 6.
68 and a beta of 0.60. Palmer Square Capital BDC Cuts DividendThe firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th.
Shareholders of record on Friday, March 28th were paid a $0.36 dividend. This represents a $1.
44 annualized dividend and a yield of 11.23%. The ex-dividend date was Friday, March 28th.
Palmer Square Capital BDC’s dividend payout ratio is presently 97.30%. Wall Street Analysts Forecast GrowthSeveral brokerages recently issued reports on PSBD.
UBS Group cut their target price on shares of Palmer Square Capital BDC from $16.50 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th.
JPMorgan Chase & Co. cut their target price on shares of Palmer Square Capital BDC from $16.00 to $13.
50 and set an “overweight” rating for the company in a research report on Thursday, April 24th.Get Our Latest Research Report on Palmer Square Capital BDCInsiders Place Their BetsIn other Palmer Square Capital BDC news, President Matthew L. Bloomfield purchased 4,000 shares of the stock in a transaction on Thursday, March 6th.
The stock was acquired at an average cost of $15.48 per share, with a total value of $61,920.00.
Following the completion of the purchase, the president now directly owns 41,478 shares of the company’s stock, valued at approximately $642,079.44. This trade represents a 10.
67 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.
96% of the stock is currently owned by insiders. Palmer Square Capital BDC Profile (Free Report)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.Featured ArticlesFive stocks we like better than Palmer Square Capital BDC3 Dividend Kings To ConsiderWhy D-Wave’s Project With Davidson Is a Game-Changer For QuantumHow to start investing in penny stocksHims & Hers Stock Soars on Novo Nordisk Collaboration3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Amazon’s Earnings Will Make or Break the Stock’s Comeback.
