Capital Com MENA Securities Trading LLC is regulated by the Capital Market Authority.
Open platformOpen platform

Palmer Square Capital BDC Q3 NAV rises on higher debt returns 

By Reuters News


Overview

  • US corporate debt lender's Q3 total investment income and net investment income fell yr/yr

  • Net asset value per share rose to $13.34 from $13.21 in prior quarter

  • Company repurchased $5.2 mln of shares and declared Q4 base dividend, with supplemental dividend expected


Outlook

  • Company declares Q4 2026 base dividend of $0.36 per share, payable January 13, 2027

  • Company expects to announce a Q4 2026 supplemental dividend in December


Result Drivers

  • PORTFOLIO YIELD - Portfolio yield rose to 11.99% in Q3 from 10.07% a year earlier, reflecting higher returns on debt and income-producing securities

  • PORTFOLIO COMPOSITION - 97% of long-term investments were in senior secured loans, with 98% at floating rates, supporting income generation amid market changes

  • NET REALIZED AND UNREALIZED GAINS - Q3 saw $2.4 mln in net realized and unrealized gains, compared to $10.3 mln in losses a year earlier, contributing to higher net asset value


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Asset Value Per Share

$13.34


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the closed end funds peer group is "buy."

  • Wall Street's median 12-month price target for Palmer Square Capital BDC Inc is $11.00, about 11.1% above its November 3 closing price of $9.90


Reuters Recommended Reads

  • Nov 2 - New Mountain Finance Q3 adjusted net investment income falls YoY

  • Nov 3 - SLR Investment Q3 investment income falls on smaller portfolio

  • Nov 2 - Great Elm Capital Q3 net investment income and NAV fall


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.