Palmer Square Capital BDC Inc. (NYSE:PSBD) is Arlington Partners LLC’s 6th Largest Position

Arlington Partners LLC cut its position in shares of Palmer Square Capital BDC Inc. (NYSE:PSBD) by 19.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 300,489 shares of the company’s stock after selling 72,517 shares during the quarter. Palmer Square Capital BDC comprises approximately 1.8% of Arlington Partners LLC’s investment portfolio, making the stock its 6th biggest position. Arlington Partners LLC’s holdings in Palmer Square Capital BDC were worth $4,567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in PSBD. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Palmer Square Capital BDC during the 3rd quarter worth about $792,000. FMR LLC boosted its stake in shares of Palmer Square Capital BDC by 7.3% during the 3rd quarter. FMR LLC now owns 383,125 shares of the company’s stock worth $6,245,000 after purchasing an additional 25,951 shares during the period. Confluence Investment Management LLC boosted its stake in shares of Palmer Square Capital BDC by 22.1% during the 3rd quarter. Confluence Investment Management LLC now owns 104,082 shares of the company’s stock worth $1,697,000 after purchasing an additional 18,842 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Palmer Square Capital BDC during the 2nd quarter worth about $173,000. 6.52% of the stock is owned by hedge funds and other institutional investors.

Palmer Square Capital BDC Price Performance

Palmer Square Capital BDC stock opened at $15.92 on Monday. The stock has a market cap of $519.79 million and a price-to-earnings ratio of 8.29. Palmer Square Capital BDC Inc. has a 1 year low of $15.12 and a 1 year high of $17.12. The firm has a 50-day moving average of $15.69 and a two-hundred day moving average of $15.99.

Palmer Square Capital BDC Profile

Palmer Square Capital BDC Inc is an externally managed, non-diversified closed-end management investment company which primarily lends to and invests in corporate debt securities, including small to large private U.S. companies and has elected to be regulated as a business development company. Palmer Square Capital BDC Inc is based in MISSION WOODS, Kan.