Intel stock spikes after report of possible US government stake
Matthew L. Bloomfield, the President of Palmer Square Capital BDC Inc. (NASDAQ:PSBD), a business development company with a market capitalization of $473 million, recently acquired 750 shares of the company’s common stock. InvestingPro data shows the company offers an impressive 11% dividend yield, though analysts have recently revised earnings expectations downward. The shares were purchased on March 21 at a weighted average price of $14.51, totaling approximately $10,882. Following this transaction, Bloomfield directly owns 59,678 shares of the company. Additionally, he holds 78,451 shares indirectly through the Matthew L. Bloomfield Irrevocable Trust. With analyst price targets ranging from $16 to $17, investors can access more detailed valuation insights and additional ProTips through InvestingPro’s comprehensive research reports.
In other recent news, Palmer Square Capital BDC Inc. reported an estimated net asset value (NAV) of $16.70 per share for its common stock as of January 31, 2025. This unaudited NAV was disclosed in a regulatory filing with the Securities and Exchange Commission, providing investors with a snapshot of the company’s financial health. Earlier, the company had disclosed an unaudited NAV estimate of $16.50 per share as of December 31, 2024, also through an SEC filing. These updates are crucial as the NAV per share is a key performance metric for business development companies, reflecting the value of underlying investments minus liabilities. Investors closely monitor changes in NAV, as they can impact the company’s stock price and overall shareholder returns. The company’s management team is responsible for the investment decisions that ultimately influence the NAV. Palmer Square Capital BDC’s financial updates are intended to provide shareholders and the investment community with timely information regarding its financial position. The information provided in these filings is essential for investors assessing the company’s performance and underlying value.
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