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

Palmer Square Capital BDC (NYSE:PSBD) posted its quarterly earnings results 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 Performance

NYSE:PSBD traded up $0.19 during mid-day trading on Thursday, hitting $15.47. The company had a trading volume of 8,695 shares, compared to its average volume of 21,302. Palmer Square Capital BDC has a fifty-two week low of $14.99 and a fifty-two week high of $17.09. The firm has a market cap of $505.18 million and a P/E ratio of 8.05. The business’s fifty day moving average is $15.60 and its two-hundred day moving average is $15.91.

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.