Palmer Square Capital BDC (PSBD) Expands Its Buyback Program As Confidence Grows

With a forward P/E ratio of 7.63, Palmer Square Capital BDC Inc. (NYSE:PSBD) is among the 10 Best Growth Stocks to Buy with Low P/E Ratios.

On May 21, Palmer Square Capital BDC Inc. (NYSE:PSBD) announced that its board of directors approved an increase and extension of the company’s previously established open-market share repurchase program. Under the revised authorization, the board approved an additional $30 million for common stock repurchases and extended the program’s expiration date to June 22, 2027. The company stated that repurchases may be executed periodically in the open market depending on market conditions and other considerations. To date, Palmer Square has repurchased approximately $22.2 million worth of shares under the program, reflecting management’s continued focus on shareholder value enhancement and capital allocation discipline.

On May 22, Derek Hewett, analyst of Bank of America, lowered the firm’s price target on Palmer Square Capital BDC Inc. (NYSE:PSBD) to $11 from $12.50 while maintaining a Neutral rating on the shares. The adjustment came as part of a broader update to estimates and valuation targets across the business development company sector following first-quarter earnings reports.

Palmer Square Capital BDC Inc. (NYSE:PSBD) was founded in 2009 and is headquartered in Mission Woods. Operating within the financial investment and alternative asset management industry, the firm specializes in corporate and structured credit strategies, including Collateralized Loan Obligations (CLOs), opportunistic credit investments, and tailored investment solutions for institutional and high-net-worth clients.

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