Fmr LLC Has $6.25 Million Stock Holdings in Palmer Square Capital BDC Inc. (NYSE:PSBD)

Fmr LLC increased its holdings in shares of Palmer Square Capital BDC Inc. (NYSE:PSBD) by 7.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 383,125 shares of the company’s stock after buying an additional 25,951 shares during the period. Fmr LLC owned about 1.17% of Palmer Square Capital BDC worth $6,245,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new position in shares of Palmer Square Capital BDC in the second quarter valued at $173,000. Marble Harbor Investment Counsel LLC bought a new position in Palmer Square Capital BDC in the 2nd quarter worth about $315,000. Hennion & Walsh Asset Management Inc. bought a new position in Palmer Square Capital BDC in the 3rd quarter valued at $792,000. Finally, Confluence Investment Management LLC lifted its position in Palmer Square Capital BDC by 22.1% during the third quarter. Confluence Investment Management LLC now owns 104,082 shares of the company’s stock valued at $1,697,000 after purchasing an additional 18,842 shares during the last quarter. Institutional investors own 6.52% of the company’s stock.

Palmer Square Capital BDC Stock Down 1.3 %

Shares of Palmer Square Capital BDC stock opened at $15.71 on Friday. Palmer Square Capital BDC Inc. has a 52 week low of $15.27 and a 52 week high of $17.12. The company has a market cap of $512.93 million and a PE ratio of 8.18. The business has a 50 day moving average of $15.96 and a 200 day moving average of $16.21.

Palmer Square Capital BDC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 10.69%. The ex-dividend date is Friday, December 27th. Palmer Square Capital BDC’s dividend payout ratio is presently 87.50%.

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.