
Palmer Square Capital BDC Inc. is rated BUY, trading at a 27% discount to NAV with a forward yield of 16.4%. Dividend is fully covered by NII, with low nonaccruals at 0.29% of the loan book and a highly secured asset mix. NAV has declined mainly due to software loan devaluation from AI disruption fears, but management sees improving fundamentals and expanded share repurchases.









