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
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
8-K
Other Events
14 Feb 24
8-K
Palmer Square Capital BDC Inc. Announces Closing of Initial Public Offering
23 Jan 24
424B1
Prospectus with pricing info
18 Jan 24
EFFECT
Notice of effectiveness
18 Jan 24
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) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | 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) | 3.41 mm | 3.41 mm | 3.41 mm | 3.41 mm | 3.41 mm | 3.41 mm |
Cash burn (monthly) | 1.11 mm | 64.18 k | 9.31 mm | 5.43 mm | 17.63 mm | 3.94 mm |
Cash used (since last report) | 7.66 mm | 443.37 k | 64.34 mm | 37.50 mm | 121.82 mm | 27.21 mm |
Cash remaining | -4.25 mm | 2.97 mm | -60.93 mm | -34.09 mm | -118.41 mm | -23.80 mm |
Runway (months of cash) | -3.8 | 46.2 | -6.5 | -6.3 | -6.7 | -6.0 |
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 | Matthew L Bloomfield | Common Stock | Buy | Acquire P | No | No | 16.45 | 60,790 | 1,000.00 k | 85,967.94 |
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 |
News
Palmer Square Capital BDC Announces $0.49/Share Q1 2024 Dividend And Supplemental Dividend Policy
20 Mar 24
11 Financials Stocks Moving In Monday's Pre-Market Session
4 Mar 24
Earnings Scheduled For February 28, 2024
28 Feb 24
UBS Initiates Coverage On Palmer Square Capital BDC with Neutral Rating, Announces Price Target of $16.5
12 Feb 24
B of A Securities Initiates Coverage On Palmer Square Capital BDC with Neutral Rating, Announces Price Target of $16.5
12 Feb 24
Press releases
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
Palmer Square Capital BDC Inc. Announces Fourth Quarter and Fiscal Year Ended 2023 Financial Results
28 Feb 24
Palmer Square Capital BDC Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
8 Feb 24