Pearl Diver Credit (NYSE:PDCC) Announces Earnings Results

Pearl Diver Credit (NYSE:PDCC) announced its quarterly earnings data on Tuesday. The company reported $0.46 EPS for the quarter, Zacks reports.

Pearl Diver Credit Price Performance

NYSE PDCC remained flat at $16.16 during trading on Tuesday. The company’s stock had a trading volume of 207 shares, compared to its average volume of 3,686. The stock has a 50-day simple moving average of $17.15 and a 200 day simple moving average of $18.16. Pearl Diver Credit has a 12 month low of $15.44 and a 12 month high of $21.30.

Pearl Diver Credit Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be issued a dividend of $0.22 per share. This represents a yield of 1,610.0%. The ex-dividend date of this dividend is Friday, October 17th.

Analyst Upgrades and Downgrades

PDCC has been the subject of several recent analyst reports. Industrial Alliance Securities set a $19.50 target price on Pearl Diver Credit in a research note on Tuesday, July 1st. Alliance Global Partners raised Pearl Diver Credit to a “strong-buy” rating in a research note on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has an average rating of “Strong Buy” and an average target price of $19.50.

About Pearl Diver Credit

Pearl Diver Credit Company Inc is a newly organized, externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio’s total return, with a secondary objective of generating high current income. Pearl Diver Credit Company Inc is based in NEW YORK.