| Palmer Square Capital BDC Inc. (PSBD) Q1 2025 Earnings Call Transcript |
Palmer Square Capital BDC Inc. (NYSE:PSBD ) Q1 2025 Results Conference Call May 7, 2025 1:00 PM ET Company Participants Jeremy Goff - Managing Director Chris Long - Chairman and Chief Executive Officer Angie Long - Chief Investment Officer Matt Bloomfield - President Jeff Fox - Chief Financial Officer and Director Conference Call Participants Melissa Wedel - JPMorgan Kenneth Lee - RBC Capital Markets Operator Welcome to Palmer Square Capital BDC's First Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded. |
seekingalpha.com |
2025-05-10 20:23:09 |
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| Palmer Square Capital BDC Inc. (PSBD) Reports Q1 Earnings: What Key Metrics Have to Say |
The headline numbers for Palmer Square Capital BDC Inc. (PSBD) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. |
zacks.com |
2025-05-07 14:36:34 |
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| Palmer Square Capital BDC Inc. (PSBD) Misses Q1 Earnings and Revenue Estimates |
Palmer Square Capital BDC Inc. (PSBD) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.52 per share a year ago. |
zacks.com |
2025-05-07 13:10:42 |
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| Palmer Square Capital BDC Inc. Announces First Quarter 2025 Financial Results |
MISSION WOODS, Kansas--(BUSINESS WIRE)--Palmer Square Capital BDC Inc. (NYSE: PSBD) (“PSBD” or the “Company”), an externally managed business development company, today announced its financial results for the first quarter ended March 31, 2025. Financial and Operating Highlights Total investment income of $31.2 million for the first quarter of 2025, compared to $34.8 million for the prior year period Net investment income of $12.9 million or $0.40 per share for the first quarter of 2025, as com. |
businesswire.com |
2025-05-07 11:00:00 |
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| Analysts Estimate Palmer Square Capital BDC Inc. (PSBD) to Report a Decline in Earnings: What to Look Out for |
Palmer Square Capital BDC Inc. (PSBD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2025-04-30 15:06:03 |
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| Palmer Square Capital BDC: An Ugly Duckling |
Palmer Square Capital BDC's recent dividend cut and high leverage raise concerns, especially given their short track record and economic uncertainty. Despite some positive metrics like high exposure to first-lien loans and larger borrower EBITDAs, caution is warranted due to potential recession risks. The BDC's high leverage ratio of 1.50x, well above peers, limits flexibility and poses risks in a volatile economic environment. |
seekingalpha.com |
2025-04-21 11:00:00 |
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| Palmer Square Capital BDC Inc. Announces First Quarter 2025 Earnings Release and Conference Call |
MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital BDC Inc. (NYSE: PSBD) ("Palmer Square" or the "Company"), an externally managed business development company, today announced that it will release its financial results for the first quarter ended March 31, 2025 before the market opens on Wednesday, May 7, 2025. Palmer Square will host a conference call at 1:00 pm ET that day to review its financial performance and conduct a question-and-answer session. To participate in the earnings c. |
businesswire.com |
2025-04-15 20:05:00 |
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| Palmer Square Capital: Dividend Cut And Falling NAV (Rating Downgrade) |
I am downgrading Palmer Square Capital to a hold due to declining NAV, reduced dividend, and high debt levels amidst elevated interest rates. Despite a diverse portfolio and low non-accruals, PSBD's high debt and reduced dividend limit growth potential and reliability of income. PSBD's price trades at a significant discount to NAV, presenting a potential entry point, but future earnings and rate cuts are uncertain. |
seekingalpha.com |
2025-04-09 15:00:08 |
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| BDC Weekly Review: CGBD Completes Its Merger |
We take a look at the action in business development companies through the last week of March and highlight some of the key themes we are watching. BDCs finished flat for the week with MAIN and HTGC underperforming; sector valuation remains slightly above historic averages and down 7% from the recent peak. Carlyle Secured Lending's merger with CSL III closed, potentially pushing CGBD prices lower; CGBD is down 3.5% YTD, slightly expensive, but worth watching. |
seekingalpha.com |
2025-04-05 10:05:00 |
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| Palmer Square Capital BDC Inc. Announces First Quarter 2025 Supplemental Dividend of $0.03 |
MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital BDC Inc. (NYSE: PSBD) (“PSBD” or the “Company”), an externally managed business development company, today announced that its Board of Directors has declared a first quarter 2025 supplemental dividend of $0.03 per share. Shareholders of record as of March 28, 2025, will receive the supplemental dividend, payable on April 10, 2025. The supplemental dividend will be paid out of the excess of the Company's quarterly undistributed net inve. |
businesswire.com |
2025-03-24 10:30:00 |
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| Palmer Square Capital BDC Inc. (PSBD) Q4 2024 Earnings Call Transcript |
Palmer Square Capital BDC Inc. (NYSE:PSBD ) Q4 2024 Results Conference Call February 27, 2025 1:00 PM ET Company Participants Jeremy Goff - Managing Director Chris Long - Chairman and Chief Executive Officer Angie Long - Chief Investment Officer Matt Bloomfield - President Jeff Fox - Chief Financial Officer and Director Conference Call Participants Kenneth Lee - RBC Capital Markets Doug Harter - UBS Financial Melissa Wedel - JPMorgan Operator Welcome to Palmer Square Capital BDC's Fourth Quarter and Year-End 2024 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded. |
seekingalpha.com |
2025-02-28 19:25:16 |
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| Compared to Estimates, Palmer Square Capital BDC Inc. (PSBD) Q4 Earnings: A Look at Key Metrics |
The headline numbers for Palmer Square Capital BDC Inc. (PSBD) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. |
zacks.com |
2025-02-27 12:36:11 |
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| Palmer Square Capital BDC Inc. (PSBD) Q4 Earnings and Revenues Lag Estimates |
Palmer Square Capital BDC Inc. (PSBD) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.58 per share a year ago. |
zacks.com |
2025-02-27 11:20:36 |
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| Palmer Square Capital: This New BDC Is Aligned For Success |
Palmer Square Capital BDC offers a high dividend yield of 11%, making this an attractive pick for income focused investors. PSBD's diversified portfolio, primarily in first lien senior secured debt, reduces risk and capitalizes on the higher interest rate environment. Financials show solid net investment income and low non-accrual rates. |
seekingalpha.com |
2025-01-16 07:55:06 |
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| Palmer Square Capital Management Set to Launch First European CLO ETFs |
Top global CLO issuer expands European footprint with three innovative investment products MISSION WOODS, Kan. , Jan. 8, 2025 /PRNewswire/ -- Palmer Square Capital Management ("Palmer Square"), a credit-focused alternative asset management firm with more than $33 billion in assets under management founded in 2009, is planning to launch three pioneering ETFs for European institutional investors. |
prnewswire.com |
2025-01-08 18:45:00 |
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| Palmer Square Capital BDC Announces Fourth Quarter 2024 Supplemental Dividend of $0.06 |
MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital BDC Inc. (NYSE: PSBD) ("Palmer Square" or the "Company"), an externally managed business development company, today announced that its Board of Directors has declared a fourth quarter 2024 supplemental dividend of $0.06 per share. Shareholders of record as of December 27, 2024, will receive the supplemental dividend, payable on January 13, 2025. The supplemental dividend will be paid out of the excess of the Company's quarterly undistr. |
businesswire.com |
2024-12-23 10:30:00 |
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| Palmer Square Capital BDC Inc. (PSBD) Q3 2024 Earnings Call Transcript |
Call Star: 13:00 January 1, 0000 1:33 PM ET Palmer Square Capital BDC Inc. (NYSE:PSBD ) Q3 2024 Earnings Conference Call November 5, 2024 01:00 PM ET Company Participants Andrew Wedderburn-Maxwell - Investor Relations Christopher Long - Chairman and Chief Executive Officer Angie Long - Chief Investment Officer Matthew Bloomfield - President Jeffrey Fox - Chief Financial Officer and Director Conference Call Participants Doug Harter - UBS Financial Melissa Wedel - JPMorgan Derek Hewett - Bank of America Operator Welcome to Palmer Square Capital BDC's Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2024-11-05 17:15:29 |
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| Palmer Square Capital BDC Announces Third Quarter 2024 Earnings Release and Conference Call |
MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital BDC Inc. (NYSE: PSBD) ("Palmer Square" or the "Company"), an externally managed business development company, today announced that it will release its financial results for the third quarter ended September 30, 2024, before the market opens on Tuesday, November 5, 2024. Palmer Square will host a conference call at 1:00 pm ET that day to review its financial performance and conduct a question-and-answer session. To participate in the ea. |
businesswire.com |
2024-10-08 20:05:00 |
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| Palmer Square Capital Management Launches New Multi-Asset and CLO Credit ETFs |
Top global CLO issuer introduces active Credit Opportunities ETF (PSQO) and passive CLO Senior Debt ETF (PSQA) MISSION WOODS, Kan., Sept. 11, 2024 /PRNewswire/ -- Palmer Square Capital Management ("Palmer Square") a credit-focused alternative asset management firm founded in 2009 with over $32 billion in assets under management, is announcing the launch of two innovative exchange traded funds (ETFs). |
prnewswire.com |
2024-09-11 19:30:00 |
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| Palmer Square Capital: New BDC With Already Attractive Investment Case |
Palmer Square Capital BDC was made public just back in January 2024. Even though there is a limited track-record for PSBD as a publicly traded BDC, the fundamentals are already there to support a bullish thesis. In this article I elaborate on the key strengths and some of the drawbacks of PSBD. |
seekingalpha.com |
2024-09-05 15:28:46 |
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| Palmer Square Capital BDC Inc. (PSBD) Q2 2024 Earnings Call Transcript |
Palmer Square Capital BDC Inc. (NYSE:PSBD ) Q2 2024 Earnings Call August 8, 2024 1:00 PM ET Company Participants Andrew Wedderburn-Maxwell - Investor Relations Chris Long - Chairman and Chief Executive Officer Angie Long - Chief Investment Officer Matt Bloomfield - President Jeff Fox - Chief Financial Officer and Director Conference Call Participants Kenneth Lee - RBC Capital Markets Doug Harter - UBS Melissa Wedel - JPMorgan Operator Welcome to today's Palmer Square Capital's BDC Second Quarter 2024 Earnings Call. [Operator Instructions] And as a reminder, this conference call is being recorded. |
seekingalpha.com |
2024-08-11 08:33:09 |
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| Palmer Square Capital: An Overlooked BDC Worth Considering |
Palmer Square Capital BDC Inc. is an underfollowed business development company investing in corporate debt securities, collateralized loan obligations, and structured credit. The BDC's portfolio consists mainly of fixed-rate loans, which generated a net investment income yield of 12.8% in Q1 while maintaining low concentration risk. Despite being relatively new, the BDC shows promising returns from dividends, relative value, and potential excess returns due to asymmetrical market liquidity. |
seekingalpha.com |
2024-07-05 16:08:48 |
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| Palmer Square Capital BDC Announces Second Quarter 2024 Supplemental Dividend of $0.05 |
MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital BDC Inc. (NYSE: PSBD) ("Palmer Square" or the "Company"), an externally managed business development company, today announced that its Board of Directors has declared a second quarter 2024 supplemental dividend of $0.05 per share. Shareholders of record as of June 28, 2024 will receive the supplemental dividend, payable on July 16, 2024. The supplemental dividend will be paid out of the excess of the Company's quarterly undistributed n. |
businesswire.com |
2024-06-20 23:37:00 |
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| Head-To-Head Survey: Palmer Square Capital BDC (NYSE:PSBD) & PRA Group (NASDAQ:PRAA) |
PRA Group (NASDAQ:PRAA – Get Free Report) and Palmer Square Capital BDC (NYSE:PSBD – Get Free Report) are both small-cap finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, valuation, risk, profitability, dividends, earnings and analyst recommendations. Valuation & Earnings This table compares PRA Group and Palmer Square Capital BDC’s top-line revenue, earnings per share (EPS) and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio PRA Group $802.55 million 1.22 -$83.48 million ($0.54) -46.22 Palmer Square Capital BDC $104.56 million 5.19 $107.84 million N/A N/A Palmer Square Capital BDC has lower revenue, but higher earnings than PRA Group. Analyst Recommendations This is a breakdown of recent ratings and price targets for PRA Group and Palmer Square Capital BDC, as reported by MarketBeat.com. Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score PRA Group 0 0 1 0 3.00 Palmer Square Capital BDC 0 3 4 0 2.57 PRA Group currently has a consensus price target of $33.00, suggesting a potential upside of 32.21%. Palmer Square Capital BDC has a consensus price target of $16.93, suggesting a potential upside of 1.61%. Given PRA Group’s stronger consensus rating and higher probable upside, equities research analysts clearly believe PRA Group is more favorable than Palmer Square Capital BDC. Profitability This table compares PRA Group and Palmer Square Capital BDC’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets PRA Group -2.37% -1.76% -0.48% Palmer Square Capital BDC 84.94% 18.90% 7.55% Insider and Institutional Ownership 97.2% of PRA Group shares are owned by institutional investors. Comparatively, 6.5% of Palmer Square Capital BDC shares are owned by institutional investors. 2.0% of PRA Group shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth. Summary Palmer Square Capital BDC beats PRA Group on 6 of the 11 factors compared between the two stocks. About PRA Group (Get Free Report) PRA Group, Inc., a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies. The company also acquires nonperforming loans, including Visa and MasterCard credit card accounts, private label and other credit card accounts, personal loans, automobile loans, and small business loans from banks, credit unions, consumer finance companies, retailers, utilities, automobile finance companies, and other credit originators. In addition, it provides fee-based services on class action claims recoveries. The company was formerly known as Portfolio Recovery Associates, Inc. and changed its name to PRA Group, Inc. in October 2014. PRA Group, Inc. was founded in 1996 and is headquartered in Norfolk, Virginia. About Palmer Square Capital BDC (Get Free Report) 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. |
https://www.defenseworld.net |
2024-05-20 05:18:45 |
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| Palmer Square Capital BDC Inc. (PSBD) Upgraded to Strong Buy: What Does It Mean for the Stock? |
Palmer Square Capital BDC Inc. (PSBD) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. |
zacks.com |
2024-05-16 17:01:32 |
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| Palmer Square Prices Over $1.8 Billion in CLOs Setting the Market |
MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital Management (“Palmer Square”), a credit-focused asset management firm with over $30.0 billion in assets, is pleased to announce over $1.8 billion of CLO issuances across three benchmark transactions within the past week. Palmer Square priced Palmer Square Loan Funding 2024-3, a $1.0 billion static collateralized loan obligation (“CLO”) primarily composed of broadly syndicated first lien senior secured loans. Palmer Square significantly. |
businesswire.com |
2024-05-14 20:30:00 |
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| Palmer Square Capital BDC Inc. (PSBD) Q1 2024 Earnings Call Transcript |
Palmer Square Capital BDC Inc. (NYSE:PSBD ) Q1 2024 Earnings Conference Call May 7, 2024 12:00 PM ET Company Participants Andrew Wedderburn-Maxwell - Investor Relations Chris Long - Chairman and Chief Executive Officer Angie Long - Chief Investment Officer Matt Bloomfield - President Jeff Fox - Chief Financial Officer and Director Conference Call Participants Melissa Wedel - JPMorgan Kenneth Lee - Capital Markets Vilas Abraham - UBS Operator Welcome to Palmer Square Capital BDC's First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2024-05-12 17:11:02 |
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| Palmer Square Capital BDC Inc. Announces First Quarter 2024 Financial Results and Declares Second Quarter 2024 Base Dividend Distribution of $0.42 Per Share |
MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital BDC Inc. (NYSE: PSBD) ("PSBD" or the "Company"), an externally managed business development company, today announced its financial results for the first quarter ended March 31, 2024. Financial and Operating Highlights Total investment income of $34.8 million for the first quarter of 2024, compared to $26.2 million for the prior year period Net investment income of $16.3 million or $0.52 per share for the first quarter of 2024, as compa. |
businesswire.com |
2024-05-07 11:20:00 |
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| Best Momentum Stocks to Buy for April 18th |
DFLI, ALSN and PSBD made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 18, 2023. |
zacks.com |
2024-04-18 15:00:26 |
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| New Strong Buy Stocks for April 18th |
DFLI, ALSN, HURN, LPX and PSBD have been added to the Zacks Rank #1 (Strong Buy) List on April 18, 2023. |
zacks.com |
2024-04-18 11:50:19 |
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| Palmer Square Capital BDC Announces First Quarter 2024 Earnings Release and Conference Call |
MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital BDC Inc. (NYSE: PSBD) ("Palmer Square" or the "Company"), an externally managed business development company, today announced that it will release its financial results for the first quarter ended March 31, 2024 before the market opens on Tuesday, May 7, 2024. Palmer Square will host a conference call at 12:00 pm ET that day to review its financial performance and conduct a question-and-answer session. To participate in the earnings ca. |
businesswire.com |
2024-04-08 20:05:00 |
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| Palmer Square Capital Launches European CLO Index |
MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital Management, a credit-focused asset management firm with over $30 billion in assets, has announced the launch of an index designed to benchmark the European collateralized loan obligation market. The Palmer Square CLO EUR Debt Index is a rules-based observable pricing and total return index for European CLO debt. It is the first broadly available CLO manager provided index for European CLO debt. The data is broken out by tranche and inc. |
businesswire.com |
2024-04-08 12:00:00 |
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| BDC Weekly Wrap: Dig Deeper For Underwriting Quality |
We take a look at the action in business development companies through the last week of March and highlight some of the key themes we are watching. BDCs had a strong week with a 2.5% total return with a similar return over March. Sometimes investors need to dig deeper than the numbers on the presentation to get a better gauge of BDC underwriting quality. |
seekingalpha.com |
2024-04-06 00:50:45 |
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| Palmer Square Capital BDC Inc. Announces $0.49 Per Share First Quarter 2024 Dividend and Supplemental Dividend Policy |
MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital BDC Inc. (NYSE: PSBD) ("Palmer Square" or the "Company"), an externally managed business development company, today announced that its Board of Directors has declared a first quarter 2024 dividend of $0.49 per share, which represents a 12.1% total annualized yield based on the closing stock price on March 14, 2024 of $16.21. Shareholders of record as of March 28, 2024 will receive the dividend payable on April 10, 2024, comprised of a. |
businesswire.com |
2024-03-20 11:15:00 |
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| Palmer Square Capital BDC Inc. (PSBD) Q4 2023 Earnings Call Transcript |
Palmer Square Capital BDC Inc. (PSBD) Q4 2023 Earnings Call Transcript |
seekingalpha.com |
2024-02-28 15:16:02 |
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