Palmer Square Capital BDC Inc. (NYSE:PSBD) President Matthew L. Bloomfield Purchases 4,200 Shares of Stock

Palmer Square Capital BDC Inc. (NYSE:PSBD) President Matthew L. Bloomfield purchased 4,200 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $15.38 per share, with a total value of $64,596.00. Following the completion of the acquisition, the president now owns 32,478 shares of the company’s stock, valued at approximately $499,511.64. This trade represents a 14.85 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Palmer Square Capital BDC Price Performance

Shares of NYSE PSBD opened at $15.37 on Friday. The stock has a fifty day moving average price of $15.55 and a 200 day moving average price of $15.88. Palmer Square Capital BDC Inc. has a 1-year low of $14.99 and a 1-year high of $17.09. The company has a market cap of $501.08 million, a PE ratio of 8.00 and a beta of 0.20.

Palmer Square Capital BDC Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Friday, March 28th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 9.37%. The ex-dividend date of this dividend is Friday, March 28th. Palmer Square Capital BDC’s dividend payout ratio (DPR) is currently 97.30%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC increased its position in shares of Palmer Square Capital BDC by 995.9% in the fourth quarter. Cubist Systematic Strategies LLC now owns 2,433 shares of the company’s stock valued at $37,000 after buying an additional 2,211 shares in the last quarter. Wells Fargo & Company MN increased 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 increased 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 increased 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. increased its position in Palmer Square Capital BDC by 72.0% during the 4th quarter. Franklin Resources Inc. now owns 57,866 shares of the company’s stock worth $880,000 after purchasing an additional 24,232 shares in the last quarter. Hedge funds and other institutional investors own 6.52% of the company’s stock.

About Palmer Square Capital BDC

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.