9.88
0.00%
Close of 9 Nov 2026, in USD
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About Palmer Square Capital BDC
From its filings with the US Securities and Exchange Commission
Palmer Square Capital BDC is based in Mission Woods, Kansas and is incorporated in Maryland. Its shares trade on NYSE under the ticker PSBD. In the fiscal year to 31 December 2025, it reported a net loss of $3.2m. At that date it held total assets of $1.22bn and shareholders' equity of $464.1m.
We are a financial services company that primarily lends to and invests in corporate debt securities of companies, including small to large private U.S. companies. We were organized as a Maryland corporation on August 26, 2019 and are structured as an externally managed, non-diversified closed-end management investment company. We have elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). Beginning with our taxable year ended December 31, 2020, we have elected to be treated as a regulated investment company (a “RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), and we expect to qualify as a RIC annually.
On January 22, 2024, we completed our initial public offering (the “IPO”) issuing 5,450,000 shares of common stock, par value $0.001, at a public offering price of $16.45 per share. Our common stock began trading on the New York Stock Exchange under the symbol “PSBD” on January 18, 2024.
We are externally managed by the Investment Advisor, an investment adviser that is registered with the U.S. Securities and Exchange Commission (“SEC”) under the Investment Advisers Act of 1940 (the “Advisers Act”), pursuant to an amended and restated investment advisory agreement between us and the Investment Advisor (the “Advisory Agreement”).
Quoted from its 10-K, filed 26 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Capital Markets
- Listed since
- 18 Jan 2024
- Website
- palmersquarebdc.com ↗
- Head office
- 1900 SHAWNEE MISSION PARKWAY, MISSION WOODS, KS, 66205
- Incorporated in
- MD
- Filer status
- <br>Emerging growth company
Leadership
Pay as last reported
- Mr. Christopher LongChairman of the Board, Chief Executive Officer, since 2019
- Mr. Matthew BloomfieldPresident
- Mr. Jeffrey FoxChief Financial Officer, Director, since 2019
- Ms. Angie LongChief Investment Officer
- Mr. Scott BetzChief Compliance Officer
- Mr. Quinn OttwellTreasurer
- Ms. Stacy BriceSecretary
- Mr. Christopher NelsonIndependent Director$25,000
- Mr. James NevilleIndependent Director$25,000
- Ms. Megan WebberIndependent Director$25,000
- Mr. Andy Wedderburn-MaxwellManaging Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Palmer Square Capital BDC Inc focuses on corporate debt securities for US companies.
- The company has two wholly owned subsidiaries for funding operations.
- Palmer Square BDC Advisor LLC manages the investment strategy effectively.
Weaknesses
- The company is non-diversified, increasing risk exposure.
- It relies on external management for investment decisions.
- The firm's IPO was recently in January 2024, limiting historical data.
Opportunities
- Expanding investment in collateralized loan obligation funds offers growth potential.
- The US capital markets provide a stable environment for debt investments.
- Investing in small to large private US companies can yield high returns.
Threats
- Market volatility may affect corporate debt security values.
- Economic downturns could reduce demand for corporate loans.
- Regulatory changes might impact the financial services sector.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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