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Palmer Square Capital BDC Inc. ( (PSBD) ) just unveiled an update.
Palmer Square Capital BDC Inc. reported fourth-quarter and full-year 2025 results on Feb. 26, 2026, showing total investment income of $29.8 million and net investment income of $13.1 million, or $0.41 per share, with net asset value sliding to $14.85 per share and total net realized and unrealized losses widening to $18.4 million. As of Dec. 31, 2025, the $1.2 billion portfolio remained highly diversified and largely senior secured and floating-rate, with a low 0.09% non-accrual rate, while the board declared a first-quarter 2026 base dividend of $0.36 per share and management emphasized disciplined underwriting, solid credit performance and sufficient liquidity supported by $311.3 million of available capacity against $21.5 million of unfunded commitments.
The company’s portfolio and investment income declined year over year, but yield to maturity rose to 11.30% and distributions of $0.43 per share were paid for the fourth quarter of 2025. Debt-to-equity remained stable at 1.54x, and PSBD’s focus on senior secured loans, broad sector diversification across 42 industries and minimal payment-in-kind income underpinned its positioning in a still-normalizing credit environment.
The most recent analyst rating on (PSBD) stock is a Buy with a $13.50 price target. To see the full list of analyst forecasts on Palmer Square Capital BDC Inc. stock, see the PSBD Stock Forecast page.
Spark’s Take on PSBD Stock
According to Spark, TipRanks’ AI Analyst, PSBD is a Neutral.
The score is driven primarily by mixed financial performance (improved profitability/cash flow but weakening TTM revenue/margins and balance-sheet comparability issues). Earnings-call fundamentals are supportive on dividend coverage and improved interest coverage but tempered by losses and lower investment income, while technicals are only mildly positive and valuation is balanced between a very high yield and a high P/E.
To see Spark’s full report on PSBD stock, click here.
More about Palmer Square Capital BDC Inc.
Palmer Square Capital BDC Inc. (NYSE: PSBD) is an externally managed, non-diversified closed-end management investment company regulated as a business development company under the Investment Company Act of 1940. It primarily lends to and invests in corporate debt loans of large private U.S. companies in the broadly syndicated and large-cap private credit markets, aiming to maximize total return through current income and capital appreciation.
Average Trading Volume: 96,074
Technical Sentiment Signal: Sell
Current Market Cap: $343.8M
For detailed information about PSBD stock, go to TipRanks’ Stock Analysis page.