Palmer Square Capital BDC Inc. (the “Company”) is a financial services company that primarily lends to and invests in corporate debt securities of companies, including small to large private U.S. companies. The Company was organized as a Maryland corporation on August 26, 2019 and is structured as an externally managed, non-diversified closed-end management investment company. The Company has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Beginning with its taxable year ending December 31, 2020, the Company has elected to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”) and expects to qualify as a RIC each year thereafter. The Company commenced operations on January 23, 2020. Palmer Square BDC Funding I, LLC (“PS BDC Funding”) was formed on January 21, 2020 and entered into a senior, secured revolving credit facility with Bank of America, N.A. (“BofA N.A.”) Palmer Square BDC Funding II LLC (“PS BDC Funding II”) was formed on September 8, 2020 and entered into a senior, secured credit facility with Wells Fargo, National Association (“WFB”).
Company profile
Ticker
PSBD
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry
SEC CIK
Corporate docs
Subsidiaries
Palmer Square BDC Funding I LLC • Palmer Square BDC Funding II LLC ...
IRS number
843665200
PSBD stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
23 May 24
8-K
Other Events
17 May 24
8-K
Results of Operations and Financial Condition
7 May 24
10-Q
2024 Q1
Quarterly report
7 May 24
8-K
Regulation FD Disclosure
26 Apr 24
8-K
Other Events
15 Apr 24
8-K
Entry into a Material Definitive Agreement
4 Apr 24
8-K
Palmer Square Capital BDC Inc. Announces $0.49 Per Share First Quarter 2024 Dividend and Supplemental Dividend Policy
20 Mar 24
8-K
Other Events
14 Mar 24
10-K
2023 FY
Annual report
28 Feb 24
Transcripts
Latest ownership filings
SC 13G/A
Caravel Holdings LLC
8 Apr 24
4
Matthew L Bloomfield
5 Mar 24
4/A
Martin C Bicknell
8 Feb 24
SC 13G
First Trust Capital Management L.P.
25 Jan 24
4
CHRISTOPHER DALE LONG
19 Jan 24
4
Angie Knighton Long
19 Jan 24
4
Martin C Bicknell
19 Jan 24
4
Matthew L Bloomfield
19 Jan 24
3
Matthew L Bloomfield
7 Apr 22
3
Martin C Bicknell
8 Nov 21
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 8.26 mm | 8.26 mm | 8.26 mm | 8.26 mm | 8.26 mm | 8.26 mm |
Cash burn (monthly) | (no burn) | (no burn) | 12.31 mm | 8.91 mm | 79.30 mm | 20.52 mm |
Cash used (since last report) | n/a | n/a | 28.39 mm | 20.56 mm | 182.84 mm | 47.33 mm |
Cash remaining | n/a | n/a | -20.13 mm | -12.30 mm | -174.59 mm | -39.07 mm |
Runway (months of cash) | n/a | n/a | -1.6 | -1.4 | -2.2 | -1.9 |
Institutional ownership, Q4 2023
13F holders | Current |
---|---|
Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Mar 24 | Matthew L Bloomfield | Common Stock | Buy | Acquire P | Yes | No | 16.44 | 15,000 | 246.60 k | 100,967.94 |
17 Jan 24 | Long Angie Knighton | Common Stock | Buy | Acquire P | Yes | No | 16.45 | 60,790 | 1,000.00 k | 98,004.88 |
17 Jan 24 | Martin C Bicknell | Common Stock | Buy | Acquire P | Yes | No | 16.45 | 607,902 | 10.00 mm | 1,391,817.45 |
17 Jan 24 | Long Christopher Dale | Common Stock | Buy | Acquire P | Yes | No | 16.45 | 60,790 | 1,000.00 k | 98,004.88 |
17 Jan 24 | Matthew L Bloomfield | Common Stock | Buy | Acquire P | No | No | 16.45 | 60,790 | 1,000.00 k | 85,967.94 |
News
Palmer Square Capital BDC Inc. Upgraded to Strong Buy: What Does It Mean for the Stock?
16 May 24
Palmer Square Prices Over $1.8B In Collateralized Loan Obligations Within The Past Week
14 May 24
Palmer Square Capital BDC Announces $0.49/Share Q1 2024 Dividend And Supplemental Dividend Policy
20 Mar 24
Press releases
Palmer Square Prices Over $1.8 Billion in CLOs Setting the Market
14 May 24
Palmer Square Capital BDC Inc. Announces First Quarter 2024 Financial Results and Declares Second Quarter 2024 Base Dividend Distribution of $0.42 Per Share
7 May 24
Palmer Square Capital BDC Announces First Quarter 2024 Earnings Release and Conference Call
8 Apr 24
Palmer Square Capital Launches European CLO Index
8 Apr 24
Palmer Square Capital BDC Inc. Announces $0.49 Per Share First Quarter 2024 Dividend and Supplemental Dividend Policy
20 Mar 24