Palmer Square (NYSE:SQ) Capital BDC Inc. (NYSE:PSBD) disclosed its unaudited net asset value (NAV) per share in a recent 8-K filing with the Securities and Exchange Commission. As of October 31, 2024, the NAV per share of the company's common stock was estimated to be $16.85.
The business development company, based in Mission Woods, Kansas, reported the figure based on management's unaudited estimates. The filing, dated today, Tuesday, provides investors with a snapshot of the company's value per share, which is a key metric for assessing the performance and financial health of investment funds like Palmer Square Capital BDC Inc.
The report did not include further details on the factors that may have influenced the NAV per share or any additional financial information. The company's shares are listed on the New York Stock Exchange under the ticker symbol PSBD.
This information is based on the latest 8-K filing by Palmer Square Capital BDC Inc. with the SEC and is intended to provide shareholders and the investment community with current data on the company's net asset value. It's important to note that these figures are unaudited and are subject to change.
In other recent news, Palmer Square Capital BDC Inc. disclosed its unaudited net asset value (NAV) per share as of August 31, 2024, at $16.94. This crucial performance indicator provides investors with an update on the value of their shares.
Prior to this, the company reported its NAV per share at $16.85 as of June 30, 2024, and $16.89 as of July 31, 2024. These figures are based on regulatory filings with the Securities and Exchange Commission. Such updates are routine for publicly traded investment companies, providing current and potential investors insight into their performance.
These recent developments about Palmer Square Capital BDC's financial status are intended to inform stakeholders without any additional commentary or speculation on its implications.
In line with federal securities laws, the company identifies as an emerging growth company and has not elected to use the extended transition period for complying with any new or revised financial accounting standards.
InvestingPro Insights
Palmer Square Capital BDC Inc. (NYSE:PSBD) presents an intriguing investment profile, as revealed by recent InvestingPro data. The company's dividend yield stands at an impressive 10.76%, with the last ex-dividend date on September 27, 2024. This aligns with an InvestingPro Tip indicating that PSBD "pays a significant dividend to shareholders," which could be particularly attractive to income-focused investors.
Despite the high yield, the stock is currently trading near its 52-week low, with a price that is 92% of its 52-week high. This positioning may present a potential entry point for value investors, especially considering that the fair value based on analyst targets is $16.75, slightly above the current price of $15.62.
It's worth noting that InvestingPro Tips also highlight that the stock "generally trades with low price volatility," which could appeal to risk-averse investors seeking stable returns. However, potential investors should be aware that 4 analysts have revised their earnings downwards for the upcoming period, suggesting some caution may be warranted.
For a more comprehensive analysis, InvestingPro offers 5 additional tips that could provide deeper insights into PSBD's investment potential.
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