Mariner LLC Grows Stake in Palmer Square Capital BDC Inc. (NYSE:PSBD)

Mariner LLC boosted its position in shares of Palmer Square Capital BDC Inc. (NYSE:PSBD) by 97.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,275,470 shares of the company’s stock after acquiring an additional 1,124,766 shares during the quarter. Mariner LLC owned 6.97% of Palmer Square Capital BDC worth $34,587,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of 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 valued at $114,000 after purchasing an additional 5,482 shares during the last quarter. Franklin Resources Inc. raised its position in Palmer Square Capital BDC by 72.0% in the fourth quarter. Franklin Resources Inc. now owns 57,866 shares of the company’s stock worth $880,000 after acquiring an additional 24,232 shares during the period. Marble Harbor Investment Counsel LLC grew its position in shares of 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 valued at $486,000 after acquiring an additional 6,250 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Palmer Square Capital BDC by 120.3% in the 4th quarter. Bank of New York Mellon Corp now owns 77,878 shares of the company’s stock worth $1,184,000 after purchasing an additional 42,533 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in Palmer Square Capital BDC by 73.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 83,997 shares of the company’s stock worth $1,277,000 after purchasing an additional 35,437 shares during the period. Institutional investors own 6.52% of the company’s stock.

Palmer Square Capital BDC Stock Up 1.0 %

Shares of PSBD opened at $13.01 on Wednesday. Palmer Square Capital BDC Inc. has a 52 week low of $11.89 and a 52 week high of $17.02. The stock has a market cap of $424.25 million, a price-to-earnings ratio of 6.78 and a beta of 0.60. The business has a 50-day simple moving average of $14.56 and a two-hundred day simple moving average of $15.39.

Palmer Square Capital BDC Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Friday, March 28th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, March 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.07%. Palmer Square Capital BDC’s dividend payout ratio (DPR) is presently 97.30%.

Insider Activity

In other Palmer Square Capital BDC news, President Matthew L. Bloomfield purchased 4,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $15.48 per share, with a total value of $61,920.00. Following the acquisition, the president now owns 41,478 shares in the company, valued at approximately $642,079.44. This trade represents a 10.67 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.96% 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.