PALMER SQUARE CAP BDCO.N. Aktie

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.» Mehr auf seekingalpha.com

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.» Mehr auf businesswire.com

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.» Mehr auf seekingalpha.com