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Palmer Square Capital BDC Inc. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 07 Jul 2026.
Palmer Square Capital BDC Inc.: what insiders have been doing
This page follows insider dealings at Palmer Square Capital BDC Inc. as filed with SEC (Form 4), a company from the Finance & Banking sector. In the past year (18 October 2025 to 18 October 2026), 9 filings came from 2 insiders.
Both sides are active: 7 purchases worth €985k and 2 sales worth €6.1M, from 1 insider and 1 insider respectively. No amount is published for 3 filings, which the totals therefore leave out. Unlike grants, an open-market purchase is paid for by the insider, at the market price. Among those who bought: 1 major shareholder. The largest single trade was a sale of €5.8M by Alaris Master Fund LP, published on 23 October 2025.
Across the 5,808 companies tracked on its exchange, the median is 19 filings; at 9 filings, this issuer sits below that mark. Our records for Palmer Square Capital BDC Inc. go back to 2021, with 15 purchases and 2 sales on the open market in total.
The most recent open-market purchase was published on 7 July 2026, 103 days ago. The median gap between a trade and its publication by SEC (Form 4) is 4 days. Section 16 rules allow two business days to file each Form 4.
In the same sector, recent insider purchases at First Guaranty Bancshares, Inc. and Avidia Bancorp, Inc. also feature in our signals. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
19
Thresholds
n/a
Buy Volume
€76M
15 ops. · all time
Sell Volume
€6M
2 ops. · all time
Who traded when
BuySaleMartin C. Bicknell7 buys
Matthew L. Bloomfield3 buys
Alaris Master Fund LP2 sales
Since the insiders bought
- -6.5%Entry US$10.29 · Close 13 Oct 2026 US$9.62
- -27.3%Entry US$14.47 · Close at T+365 US$10.52
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended December 2025 · cache
US$9.62
Analyst consensus
6 analysts3.00/5
US$9.50Target US$10.79(+12%)US$12.00
Income statement
RevenueUS$1.2M
Net income-US$3.2M-272.0% margin
Valuation
PER (forward)6.3x
Balance sheet & cash
Market capUS$294.9M
Total debtUS$716.5M
Free Cash FlowUS$160.7M
Profitability & ownership
% insiders14.0%
% institutions57.3%
Last declaration on 7 July 2026
Declarations19 total
40,000 shares@ US$10.560.14% mcap3.6% of flowCommon StockSEC:0001580642-26-004267:0
Canonical exit: 4 Oct 2026 (T+90)
21,484 shares@ US$10.470.074% mcap1.9% of flowCommon StockSEC:0001580642-26-004267:1
Canonical exit: 5 Oct 2026 (T+90)
40,000 sharesCommon StockSEC:0001580642-26-004171:0
Canonical exit: 29 Sept 2026 (T+90)
40,000 sharesCommon StockSEC:0001580642-26-004171:1
Canonical exit: 30 Sept 2026 (T+90)
1,988 sharesCommon StockSEC:0001580642-26-004062:2
Canonical exit: 6 Sept 2026 (T+90)
15,000 shares@ US$10.870.052% mcap1.4% of flowCommon StockSEC:0001580642-26-004062:0
Canonical exit: 27 Aug 2026 (T+90)
30,000 shares@ US$10.790.10% mcap2.7% of flowCommon StockSEC:0001580642-26-004062:1
Canonical exit: 3 Sept 2026 (T+90)
30,000 shares@ US$11.971.1% of flowCommon StockSEC:0001213900-25-108284:0
532,350 shares@ US$12.5620.8% of flowCommon StockSEC:0001801082-25-000004:0
750 shares@ US$14.510.8% of flowCommon StockSEC:0001013762-25-001706:0
Canonical exit: 19 Jun 2025 (T+90)
5,200 shares@ US$15.435.8% of flowCommon StockSEC:0001213900-25-022761:0
Canonical exit: 5 Jun 2025 (T+90)
4,200 shares@ US$15.384.8% of flowCommon StockSEC:0001013762-25-000213:0
Canonical exit: 2 Jun 2025 (T+90)
15,000 shares@ US$16.4417.6% of flowCommon StockSEC:0001213900-24-020161:0
Canonical exit: 2 Jun 2024 (T+90)
▲
Same trade as the filing by Christopher Dale Long, counted once · View ↗
60,790 shares@ US$16.45100.0% of flowCommon StockSEC:0001213900-24-004896:0
Canonical exit: 16 Apr 2024 (T+90)
▲
Same trade as the filing by Christopher Dale Long, counted once · View ↗
60,790 shares@ US$16.4571.1% of flowCommon StockSEC:0001213900-24-004892:0
Canonical exit: 16 Apr 2024 (T+90)
60,790 shares@ US$16.45100.0% of flowCommon StockSEC:0001213900-24-004899:0
Canonical exit: 16 Apr 2024 (T+90)
607,902 shares@ US$16.4590.3% of flowCommon StockSEC:0001213900-24-004894:0
Canonical exit: 16 Apr 2024 (T+90)
1,207,729.47 shares@ US$20.7078.1% of flowCommon StockSEC:0001213900-21-053278:0
Canonical exit: 30 Dec 2021 (T+90)
2,415,458.94 shares@ US$20.70100.0% of flowCommon StockSEC:0001213900-21-053280:0
Canonical exit: 30 Dec 2021 (T+90)
19 of 19 declarations
About Palmer Square Capital BDC Inc.
Palmer Square Capital BDC Inc. (ticker: PSBD) is a U.S.-listed business development company trading on the NYSE, giving public-market investors access to private credit and leveraged-loan exposure through a listed vehicle. The company is structured as a non-diversified closed-end management investment company and has elected to be regulated as a BDC under the Investment Company Act of 1940. Its operating base is in Mission Woods, Kansas, United States. ([palmersquarebdc.com](https://www.palmersquarebdc.com/))
PSBD’s core strategy is centered on corporate debt investments, with an emphasis on large private U.S. companies. According to company disclosures, it primarily lends to and invests in corporate debt loans across two main lanes: broadly syndicated loans (BSLs) and large-cap direct lending in the private credit market. That places PSBD at the intersection of syndicated leveraged finance and private credit, with a business model designed to generate recurring income while maintaining a credit-oriented underwriting framework. Its investment activities are managed by Palmer Square BDC Advisor LLC, an affiliate of Palmer Square Capital Management LLC. ([palmersquarebdc.com](https://www.palmersquarebdc.com/))
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From a competitive standpoint, Palmer Square Capital BDC sits within the crowded U.S. BDC and private credit ecosystem, where scale, sourcing, underwriting discipline, and funding flexibility are critical differentiators. Its positioning is notable for its blend of exposure to broadly syndicated loans and direct lending to larger private borrowers, rather than concentrating solely on smaller middle-market unitranche origination. For investors in French-speaking Europe, the appeal is straightforward: PSBD offers access to U.S. credit markets, income potential through distributions, and portfolio diversification across private corporate borrowers, albeit with the usual sensitivity to credit spreads, leverage, and market liquidity. ([palmersquarebdc.com](https://www.palmersquarebdc.com/))
Geographically, the portfolio focus is predominantly the United States, where the company lends to private businesses and participates in transactions tied to the domestic leveraged-finance market. Public filings show that as of December 31, 2025, PSBD had total assets of about $1.2 billion and a debt-to-equity ratio of 1.54x, underscoring a moderate but meaningful leverage profile typical of a credit income vehicle. ([palmersquarebdc.com](https://www.palmersquarebdc.com/financial-information/sec-filings/content/0001193125-26-076901/psbd-ex99_1.htm))
Recent developments reinforce the company’s income-oriented profile. On February 26, 2026, PSBD reported fourth-quarter and full-year 2025 results, including net investment income of $13.1 million, or $0.41 per share, for the fourth quarter, net asset value of $14.85 per share at year-end 2025, and cash distributions totaling $0.43 per share for the quarter. Management also commented that sponsor engagement is improving and that pipelines in both the broadly syndicated loan and private credit markets are healthier than a year earlier. In short, PSBD remains a U.S. credit BDC focused on generating distributable income, while retaining exposure to the cyclical dynamics of corporate credit markets. ([palmersquarebdc.com](https://www.palmersquarebdc.com/financial-information/sec-filings/content/0001193125-26-076901/psbd-ex99_1.htm))
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