Palmer Square Capital BDC Inc. (PSBD) Stock Price & Analysis
Palmer Square Capital BDC Inc. (PSBD) closed at USD 10.01 on Thursday, October 29, 2026, up 0.91% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 9.92; the Oct 29, 2026 session ranged USD 9.89–10.06 on volume of 69,729 shares. Market capitalization is $306.82M, with a 52-week range of USD 9.34–12.71 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 23:43 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PSBD.md
Key facts (PSBD)
- Insider open-market purchases, last ~7 months: 3 Form 4 filings, $2.0M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 3.00 on a 1–5 scale) (6 analysts), mean target USD 10.79 (range 9.5–12).
- Total return with dividends: 1Y -5.3% vs S&P 500 +14.4%; 5Y -12.8% vs S&P 500 +79.1%.
- Next earnings: 2026-11-04, EPS estimate USD 0.38, revenue estimate $26.4M. All companies reporting that day: https://nexqual.com/earnings/2026-11-04
- Dividend: USD 1.44 a year (yield 14.52%), paid quarterly; latest ex-dividend date 2026-09-25.
- Short interest: 2.23% of float (as of 2026-10-15), 3.7 days to cover.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PSBD)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Operating income | -$16.9M | -$33.4M | — | — | — | — |
| Net income | $19.1M | -$74.5M | $108M | $47.7M | -$3.2M | -$30.7M |
| EPS (diluted) | $1.47 | $1.78 | $2.26 | $1.93 | $1.66 | — |
| Cash + short-term investments | $1.1M | $1.7M | $2.1M | $2.8M | $3.2M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PSBD)
P/B 0.8x · Earnings yield -10.02% · Buyback yield (TTM) 5.86%
P/E at fiscal year-ends: Dec 2024 10.3x.
Insider purchases (SEC Form 4, open-market, last ~7 months) (PSBD)
3 purchases, $2.0M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-07-06…2026-07-07 | Bicknell Martin C | 61,484 | $647K | 10.53 | Too little history (no open-market trades in 2023 or 2025) | |
| 2026-07-01…2026-07-02 | Bicknell Martin C | 80,000 | $845K | 10.56 | Too little history (no open-market trades in 2023 or 2025) | |
| 2026-05-29…2026-06-08 | Bicknell Martin C | 46,988 | $508K | 10.82 | Too little history (no open-market trades in 2023 or 2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (PSBD)
Consensus Hold (mean 3.00 on a 1–5 scale), 6 analysts; mean target USD 10.79 (low 9.5, high 12).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-01 | UBS | Target lowered | Neutral | $11 → $10 |
| 2026-07-02 | JP Morgan | Target lowered | Neutral | $10 → $9.5 |
Total return (dividends reinvested) (PSBD)
| 1Y (from 2025-10-30) | 5Y (from 2024-01-15) | |
|---|---|---|
| Total return | -5.3% | -12.8% |
| S&P 500 (SPY) | +14.4% | +79.1% |
| Per year | -5.3% | -4.8% |
| Volatility (annualized) | 20.6% | 17.3% |
| Max drawdown | -18.7% (Jan 2026→Mar 2026) | -27.9% (Feb 2025→Mar 2026) |
Dividends (PSBD)
Annual dividend rate USD 1.44 per share, yield 14.52% at the current price. Paid over the last 12 months: USD 1.57 in 4 payments (quarterly).
Most recent ex-dividend date: Sep 25, 2026; payment date: Oct 13, 2026. To receive a dividend, shares must be owned before the ex-dividend date.
Latest change: cut 2.6% to USD 0.38 per payment from USD 0.39, starting with the Sep 25, 2026 ex-dividend date.
Payout ratio 398% of earnings (above 100%: dividends exceeded net income; for REITs and partnerships, cash-flow measures are more relevant).
| Ex-dividend date | Amount per share |
|---|---|
| 2026-09-25 | USD 0.38 |
| 2026-06-26 | USD 0.39 |
| 2026-03-27 | USD 0.37 |
| 2025-12-29 | USD 0.43 |
| 2025-09-26 | USD 0.42 |
| 2025-06-27 | USD 0.42 |
| 2025-03-28 | USD 0.39 |
| 2024-12-27 | USD 0.48 |
Total by calendar year: 2025 USD 1.66.
Short interest (PSBD)
507,551 shares sold short, 2.23% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 447,617 shares (+13.4%). Days to cover: 3.7 (short shares ÷ average daily volume).
PSBD earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.39 | $0.36 | Beat +8.3% | — |
| — | Quarter ended Mar 31, 2026 | $0.35 | $0.38 | Miss −7.9% | — |
| — | Quarter ended Dec 31, 2025 | $0.41 | $0.42 | Miss −2.4% | — |
| — | Quarter ended Sep 30, 2025 | $0.43 | $0.41 | Beat +4.9% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
PSBD recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 13, 2026 | 8-K | Other material event “Management's unaudited estimate of the net asset value per share of Palmer Square Capital BDC Inc.'s common stock as of September 30, 2026 was $13.34.” |
| Sep 22, 2026 | 8-K | Other material event “On September 22, 2026, Palmer Square Capital BDC Inc. (the "Company") issued a press release announcing the declaration of a third quarter 2026 supplemental dividend of $0.02 per share. The third quarter 2026 supplemental dividend is payable on October 13, 2026 to shareholders of record as of September 25, 2026. The supplemental dividend will be paid out of the excess of the Company's quarterly undistributed net investment income, above the previously declared third quarter 2026 base dividend of $0.36 per share,…” |
| Sep 15, 2026 | 8-K | Other material event “Management's unaudited estimate of the net asset value per share of Palmer Square Capital BDC Inc.'s common stock as of August 31, 2026 was $13.66.” |
| Aug 17, 2026 | 8-K | Other material event “Management's unaudited estimate of the net asset value per share of Palmer Square Capital BDC Inc.'s common stock as of July 31, 2026 was $13.39.” |
| Aug 7, 2026 | 8-K | Director or executive officer change, or pay arrangement “On August 3, 2026, the Board of Directors (the "Board") of Palmer Square Capital BDC Inc. (the "Company") unanimously appointed Ben Wiesenfeld as Chief Compliance Officer ("CCO") of the Company, effective immediately, succeeding Scott Betz in such role. In connection with Mr. Wiesenfeld's appointment, Mr. Betz will continue to serve as an officer of the Company in the role of Chief Operating Officer, effective August 3, 2026. Mr. Betz, 48, has served as the Company's Chief Operating Officer since 2019 and…” |
| Aug 5, 2026 | 8-K | Quarterly results; Regulation FD disclosure |
| Aug 5, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Jul 15, 2026 | 8-K | Entered a material agreement “On July 15, 2026 (the "Refinancing Date"), Palmer Square Capital BDC Inc. (the "Company") completed the refinancing of a $300.00 million term debt securitization (the "CLO Reset Transaction") of Palmer Square BDC CLO 1, Ltd. (the "Issuer"), an exempted company incorporated with limited liability under the laws of the Cayman Islands and a wholly-owned indirect subsidiary of the Company, in connection with which the Issuer issued the Secured Notes (as defined below). The CLO Reset Transaction functions as a source…” |
| Jul 14, 2026 | 8-K | Other material event “Management's unaudited estimate of the net asset value per share of Palmer Square Capital BDC Inc.'s common stock as of June 30, 2026 was $13.21.” |
| Jul 2, 2026 | Schedule 13G/A | Alaris Master Fund LP, Alaris Capital, LLC: 4.9% of shares, passive 5%+ holder (amended) |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
PSBD suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Palmer Square Capital Management | “Pursuant to its Resource Sharing Agreement with PSCM, the Investment Advisor has access to the individuals who comprise our Investment Advisor's Investment Committee and Investment Team.” |
Quoted from the company's 10-K filed Feb 26, 2026.
PSBD company outlook (results filed Aug 5, 2026)
- “Announces Second Quarter 2026 Financial Results Declares Third Quarter 2026 Base Dividend of $0.36 Per Share with Supplemental Dividend Expected to be Announced in September MISSION WOODS, Kansas, August 5, 2026 — Palmer Square Capital BDC Inc.”
- “Assumes reinvestment of distributions.”
- “We expect to announce an additional quarterly supplemental dividend distribution for the third quarter of 2026 in September. 3 Earnings Conference Call The Company will host a conference call on Wednesday, August 5, 2026, at 1:00 pm ET to review its financial performance and conduct a question-and-answer session.”
- “Assumes reinvestment of distributions.”
Quoted word-for-word from the SEC 8-K results press release.
PSBD analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.38 | $0.36 | +5.9% | $26.4M | 6 |
| Next quarter (ends Dec 2026) | $0.38 | $0.36 | +6.9% | $26.1M | 6 |
| Current fiscal year (ends Dec 2026) | $1.50 | $1.43 | +5.1% | $106.2M | 6 |
| Next fiscal year (ends Dec 2027) | $1.54 | $1.42 | +8.2% | $104.2M | 6 |
Key Statistics (as of October 29, 2026 at 23:43 UTC)
| Price | USD 10.01 |
|---|---|
| Change | ▲ 0.91% (up) |
| Previous Close | USD 9.92 |
| Open | USD 9.96 |
| Day Range | USD 9.89 – 10.06 |
| 52-Week Range | USD 9.34 – 12.71 |
| Volume | 69,729 shares |
| Market Cap | $306.82M |
| Exchange | NYQ |
Technical Analysis (PSBD)
Nexqual's technical model rates PSBD "NEUTRAL" based on 3 bullish and 4 bearish signals across 127 daily candles, as of October 29, 2026 at 23:43 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 56.46 (neutral) |
| vs SMA50 | Below (USD 10.02) |
| MACD | -0.03 (negative) |
Analyst Ratings (PSBD)
Wall Street analysts rate PSBD "Hold" based on 6 analysts, with a mean price target of USD 10.79 (range USD 9.5–12), per Nexqual as of October 29, 2026 at 23:43 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 6 |
| Mean Target | USD 10.79 |
| High Target | USD 12 |
| Low Target | USD 9.5 |
| Buy / Hold / Sell | 0 / 6 / 0 |
Earnings (PSBD)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.38 |
| Revenue Estimate | $26.43M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.39 vs est 0.36 ▲ beat |
| 2026-03-31 | USD 0.35 vs est 0.38 ▼ miss |
| 2025-12-31 | USD 0.41 vs est 0.42 ▼ miss |
| 2025-09-30 | USD 0.43 vs est 0.41 ▲ beat |
Source: Nexqual, October 29, 2026 at 23:43 UTC.
Financials & Fundamentals (PSBD)
| Gross Margin | +0.00% |
|---|---|
| Operating Margin | +0.00% |
| Profit Margin | +0.00% |
Source: Nexqual, October 29, 2026 at 23:43 UTC.
Financial Health Score (PSBD)
Nexqual rates Palmer Square Capital BDC Inc.'s overall financial health "Weak" across five dimensions, as of October 29, 2026 at 23:43 UTC.
| Growth | Critical — Revenue -13% YoY (annual), sharp decline |
|---|---|
| Profitability | Weak — Gross margin 0%, operating 0% (last 12 months) |
| Balance Sheet | Mixed — No data |
| Cash Flow | Solid — Operating cash flow $161M (FY ended Dec 2025, 10-K) |
| Efficiency | Critical — ROE -8%, ROA -2.7% (last 4 quarters, SEC) |
Ownership (PSBD)
| Insider Ownership | +13.98% |
|---|---|
| Institutional Ownership | +56.76% |
| Shares Outstanding | 30.65M |
| Short % of Float | +2.23% |
Source: Nexqual, October 29, 2026 at 23:43 UTC.
Leadership (PSBD)
Palmer Square Capital BDC Inc. is led by Christopher Dale Long, Chairman & CEO, per Nexqual as of October 29, 2026 at 23:43 UTC.
| Chairman & CEO | Christopher Dale Long |
|---|---|
| CFO & Director | Jeffrey Doerr Fox |
| President | Matthew Lee Bloomfield |
| Chief Operating Officer | Scott Andrew Betz |
| Managing Director | Jeremy M. Goff |
Major Backers & Investors (PSBD)
Notable institutional backers of Palmer Square Capital BDC Inc. include Ov Management LLC , 1248 Management, LLC , Mariner, LLC, according to Nexqual as of October 29, 2026 at 23:43 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Ov Management LLC | 12.17% |
| 1248 Management, LLC | 10.4% |
| Mariner, LLC | 10.31% |
| First Trust Capital Management L.P. | 4.2% |
| Pandi, LLC | 2.97% |
| Bank of America Corporation | 2.18% |
| Arlington Partners, LLC | 1.67% |
| Bienville Capital Management, LLC | 1.39% |
Source: Nexqual, October 29, 2026 at 23:43 UTC.
From Palmer Square Capital BDC Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Partnerships
- The Investment Advisor has entered into a Resource Sharing Agreement (the "Resource Sharing Agreement") with PSCM, pursuant to which PSCM provides the Investment Advisor with access to the resources of PSCM, including the Investment Team, so as to enable the Investment Advisor to fulfill its obligations under the Advisory Agreement.
- Ultimately the Investment Committee needs to have a unanimous vote in order to approve any of our investments, working in collaboration with our Chief Investment Officer and the Investment Advisor's loan portfolio manager to size the position appropriately for the risk.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes to United States tariff and import/export regulations may have a negative effect on our portfolio companies.
- New or modified laws or regulations governing our operations could adversely affect our business.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BXSL | Blackstone Secured Lending Fund | USD 23.52 | ▲ 1.38% |
| PDI | PIMCO Dynamic Income Fund | USD 14.33 | ▲ 1.63% |
| VCTR | Victory Capital Holdings, Inc. | USD 113.81 | ▲ 1.73% |
| AMG | Affiliated Managers Group, Inc. | USD 399.02 | ▲ 1.47% |
| SEIC | SEI Investments Company | USD 104.73 | ▲ 1.48% |
| IVZ | Invesco Ltd | USD 29.02 | ▲ 1.19% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 23:43 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt