Palmer Square Capital BDC Inc. (NYSE:PSBD) disclosed on Tuesday an unaudited net asset value (NAV) per share of $16.85 as of June 30, 2024. The announcement, made through a regulatory filing with the Securities and Exchange Commission, provides investors with the latest valuation metric for the company's common stock.
As part of its regular financial reporting, the Maryland-incorporated business development company revealed the NAV figure, which is a key performance indicator for investment firms like Palmer Square Capital BDC. The NAV per share is calculated by dividing the company's net assets by the number of shares outstanding.
The report is based on a press release statement.
InvestingPro Insights
In light of Palmer Square Capital BDC Inc.'s (NYSE:PSBD) recent NAV per share disclosure, a deeper analysis using InvestingPro's real-time data and insights could be beneficial for investors. The company's market capitalization stands at $527.68 million, reflecting its size and significance in the market. Notably, Palmer Square Capital BDC offers an attractive dividend yield of 10.36%, which is a compelling factor for income-focused investors. The last dividend ex-date was on June 28, 2024, indicating the company's commitment to returning value to shareholders.
However, it is important to consider that Palmer Square Capital BDC faces challenges, as highlighted by InvestingPro Tips. Analysts have identified weak gross profit margins, which could impact profitability, and the valuation implies a poor free cash flow yield, potentially signaling concerns about the company's ability to generate cash. On a positive note, two analysts have revised their earnings upwards for the upcoming period, suggesting a potential improvement in the company's financial outlook.
For investors seeking a comprehensive analysis, InvestingPro offers additional insights on Palmer Square Capital BDC. By leveraging these tips, investors can make more informed decisions, and those interested can use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription for more detailed analysis and data.
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