Palmer Square Capital BDC (NYSE:PSBD) Announces Earnings Results, Misses Estimates By $0.01 EPS

Palmer Square Capital BDC (NYSE:PSBD) released its quarterly earnings data on Thursday. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01), Zacks reports. Palmer Square Capital BDC had a return on equity of 11.97% and a net margin of 41.67%.

Palmer Square Capital BDC Stock Up 1.0 %

Shares of PSBD traded up $0.16 during mid-day trading on Thursday, reaching $15.44. 17,893 shares of the company’s stock were exchanged, compared to its average volume of 21,545. Palmer Square Capital BDC has a 52-week low of $14.99 and a 52-week high of $17.09. The company has a 50-day simple moving average of $15.60 and a two-hundred day simple moving average of $15.91. The company has a market cap of $504.07 million and a price-to-earnings ratio of 8.04.

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.