Intel stock spikes after report of possible US government stake
Matthew L. Bloomfield, President of Palmer Square Capital BDC Inc. (NASDAQ:PSBD), recently purchased a significant amount of the company’s stock, according to a recent SEC filing. Over the course of three days, Bloomfield acquired a total of 13,200 shares of common stock. The purchases were made at prices ranging from $15.34 to $15.48 per share, amounting to a total investment of approximately $203,216. The timing is notable as the stock trades near its 52-week low of $14.99, while offering an attractive 10.38% dividend yield. InvestingPro analysis reveals additional insights about PSBD’s valuation and growth prospects.
These transactions increase Bloomfield’s direct ownership to 41,478 shares, in addition to 78,451 shares held indirectly through the Matthew L. Bloomfield Irrevocable Trust. The acquisitions reflect Bloomfield’s continued confidence in the company’s prospects as he adds to his holdings in Palmer Square Capital BDC, which currently has a market capitalization of $500.47 million. Analysts maintain price targets between $16-$17, suggesting potential upside. For comprehensive analysis and additional insights, access the full PSBD research report on InvestingPro.
In other recent news, Palmer Square Capital BDC Inc. reported an estimated net asset value (NAV) of $16.70 per share as of January 31, 2025, according to a regulatory filing with the Securities and Exchange Commission. This figure is an important metric for investors, reflecting the value of the company’s underlying investments minus liabilities. Previously, the company disclosed an unaudited NAV of $16.50 per share for December 31, 2024, and $16.91 for November 30, 2024, indicating slight fluctuations over recent months. Palmer Square Capital BDC also announced the re-election of two Class III directors, Jeffrey D. Fox and James W. Neville, during its 2024 Annual Meeting of Stockholders. Additionally, PricewaterhouseCoopers LLP was ratified as the independent auditor for the fiscal year ending December 31, 2024. These developments are part of the company’s ongoing financial and governance updates. Investors often closely monitor such announcements to assess the company’s performance and strategic direction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.