Intel stock spikes after report of possible US government stake
In a recent filing with the Securities and Exchange Commission, Palmer Square Capital BDC Inc. (NASDAQ:PSBD), a business development company with a market capitalization of $493 million, disclosed that its President, Matthew L. Bloomfield, has acquired a significant amount of the company’s common stock. The transactions, which took place over several days, saw Bloomfield purchase a total of 17,450 shares, amounting to approximately $265,648. According to InvestingPro, the stock is currently trading near its 52-week low of $14.99.
The acquisitions were made in three separate transactions. On March 7, Bloomfield purchased 5,200 shares at a weighted average price of $15.43 per share. This was followed by an acquisition of 5,250 shares on March 10 at a weighted average price of $15.25 per share. Finally, on March 11, he bought an additional 7,000 shares at a weighted average price of $15.05 per share. The prices paid for these transactions ranged from $14.92 to $15.60 per share. Notably, the company offers an attractive dividend yield of 10.6%.
Following these purchases, Bloomfield now directly owns 58,928 shares of Palmer Square Capital BDC. Additionally, he holds an indirect ownership of 78,451 shares through the Matthew L. Bloomfield Irrevocable Trust.
These transactions reflect Bloomfield’s continued commitment to the company, as he increases his stake in Palmer Square Capital BDC.
In other recent news, Palmer Square Capital BDC Inc. has disclosed an estimated net asset value (NAV) of $16.70 per share for its common stock as of January 31, 2025. This figure, reported in a regulatory filing with the Securities and Exchange Commission, provides a snapshot of the company’s financial health. Previously, the company had reported an unaudited NAV of $16.50 per share as of December 31, 2024, and $16.91 per share for November 30, 2024. These NAV figures are crucial for investors as they reflect the value of Palmer Square Capital BDC’s underlying investments minus liabilities.
Additionally, the company announced the results of its 2024 Annual Meeting of Stockholders, where shareholders re-elected two Class III directors and ratified PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending December 31, 2024. The re-election of directors and affirmation of the auditor are standard procedures ensuring continued leadership and financial oversight. Investors often monitor changes in NAV as it can influence the stock’s market price, though these figures remain unaudited estimates. These updates are part of Palmer Square Capital BDC’s routine financial disclosures aimed at keeping investors informed.
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