Palmer Square Capital BDC Inc. (NYSE:PSBD) Stake Lifted by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC increased its stake in shares of Palmer Square Capital BDC Inc. (NYSE:PSBD) by 24.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,950 shares of the company’s stock after buying an additional 6,250 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Palmer Square Capital BDC were worth $486,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. grew its position in shares of Palmer Square Capital BDC by 73.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 83,997 shares of the company’s stock worth $1,277,000 after acquiring an additional 35,437 shares during the last quarter. FMR LLC grew its position in shares of Palmer Square Capital BDC by 7.3% during the third quarter. FMR LLC now owns 383,125 shares of the company’s stock worth $6,245,000 after acquiring an additional 25,951 shares during the last quarter. Confluence Investment Management LLC grew its position in Palmer Square Capital BDC by 22.1% in the 3rd quarter. Confluence Investment Management LLC now owns 104,082 shares of the company’s stock worth $1,697,000 after purchasing an additional 18,842 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in 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 during the last quarter. 6.52% of the stock is currently owned by institutional investors.

Palmer Square Capital BDC Trading Down 1.9 %

NYSE PSBD opened at $15.13 on Friday. Palmer Square Capital BDC Inc. has a 52 week low of $14.99 and a 52 week high of $17.09. The stock has a market cap of $493.45 million, a price-to-earnings ratio of 7.88 and a beta of 0.20. The company has a 50-day moving average price of $15.54 and a two-hundred day moving average price of $15.87.

Palmer Square Capital BDC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors 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 9.52%. The ex-dividend date is Friday, March 28th. Palmer Square Capital BDC’s dividend payout ratio (DPR) is 97.30%.

Insider Buying and Selling

In related news, President Matthew L. Bloomfield acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $15.48 per share, for a total transaction of $61,920.00. Following the completion of the acquisition, the president now directly owns 41,478 shares of the company’s stock, valued at approximately $642,079.44. The trade was a 10.67 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.96% of the company’s stock.

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.