Marshall Wace LLP Has $429,000 Holdings in Palmer Square Capital BDC Inc. (NYSE:PSBD)

Marshall Wace LLP lessened its holdings in shares of Palmer Square Capital BDC Inc. (NYSE:PSBD) by 10.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,557 shares of the company’s stock after selling 2,936 shares during the quarter. Marshall Wace LLP owned approximately 0.08% of Palmer Square Capital BDC worth $429,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC purchased a new position in Palmer Square Capital BDC during the first quarter valued at approximately $170,000. Renaissance Technologies LLC purchased a new stake in shares of Palmer Square Capital BDC during the 2nd quarter worth about $173,000. Marble Harbor Investment Counsel LLC purchased a new stake in shares of Palmer Square Capital BDC during the 2nd quarter worth about $315,000. Confluence Investment Management LLC lifted its holdings in shares of Palmer Square Capital BDC by 70.5% during the 2nd quarter. Confluence Investment Management LLC now owns 85,240 shares of the company’s stock valued at $1,377,000 after buying an additional 35,240 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Palmer Square Capital BDC in the 1st quarter valued at approximately $1,032,000. Institutional investors and hedge funds own 6.52% of the company’s stock.

Palmer Square Capital BDC Price Performance

Shares of PSBD stock opened at $15.99 on Friday. The stock’s 50 day simple moving average is $16.23 and its 200 day simple moving average is $16.37. Palmer Square Capital BDC Inc. has a twelve month low of $15.27 and a twelve month high of $17.12.

Palmer Square Capital BDC (NYSE:PSBD) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). Palmer Square Capital BDC had a net margin of 64.65% and a return on equity of 16.13%. The firm had revenue of $36.55 million during the quarter, compared to the consensus estimate of $36.27 million. Analysts anticipate that Palmer Square Capital BDC Inc. will post 1.97 earnings per share for the current fiscal year.

Palmer Square Capital BDC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 10.51%. The ex-dividend date of this dividend is Friday, September 27th.

Analyst Ratings Changes

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 target price on shares of Palmer Square Capital BDC in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.93.

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.