Microvast Holdings announces departure of chief financial officer
Palmer Square Capital BDC Inc. (NYSE:PSBD) announced today that its unaudited net asset value (NAV) per share as of March 31, 2025, stood at $15.85, while the stock currently trades at $12.94. This financial update was disclosed in a form 8-K filing with the Securities and Exchange Commission. According to InvestingPro data, the company offers a substantial 12.79% dividend yield, making it one of the highest-yielding stocks in its sector.
The business development company, incorporated in Maryland, has its principal executive offices located at 1900 Shawnee Mission Parkway, Suite 315, Mission Woods, Kansas. Palmer Square Capital BDC Inc. operates under the ticker symbol PSBD and is listed on the New York Stock Exchange, with a market capitalization of $415.92 million. Discover more detailed financial metrics and analysis with InvestingPro’s comprehensive research reports.
Jeffrey D. Fox, Chief Financial Officer of Palmer Square Capital BDC Inc., signed the SEC filing, fulfilling the company’s regulatory requirement to report this financial information. The report does not include any additional events or financial data.
As an emerging growth company, Palmer Square Capital BDC Inc. is subject to certain reporting standards under federal securities laws. The reported NAV is a key performance metric for business development companies and investors, reflecting the company’s value as calculated by the total value of its assets minus the total value of its liabilities, divided by the number of shares outstanding. Analysts maintain price targets between $16 and $17, suggesting potential upside from current levels, though InvestingPro notes concerns about weak profit margins and free cash flow yield.
The information in this article is based on a press release statement and is intended to provide shareholders and the investment community with relevant financial data regarding Palmer Square Capital BDC Inc.
In other recent news, Palmer Square Capital BDC Inc. has 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. Earlier, the company had announced an unaudited NAV of $16.50 per share as of December 31, 2024, in a separate 8-K filing. The NAV is a crucial metric for business development companies, reflecting the company’s net value by estimating the value of its assets minus liabilities on a per-share basis. Palmer Square Capital BDC’s financial updates provide transparency for investors assessing the company’s performance and financial health. The company operates as an externally managed, non-diversified closed-end investment company. These recent developments are part of Palmer Square Capital BDC’s routine financial updates to investors. Investors are advised to consider the unaudited nature of these NAV estimates when evaluating the company’s financial position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.