Pearl Diver Credit (NYSE:PDCC) Stock Falls 0.1% – Here’s What Happened

Pearl Diver Credit Company Inc. (NYSE:PDCC)’s share price fell 0.1% on Tuesday. The company traded as low as $8.83 and last traded at $8.8240. 1,391 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 2,074 shares. The stock had previously closed at $8.83.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners reaffirmed a “buy” rating on shares of Pearl Diver Credit in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

Pearl Diver Credit Stock Down 0.1%

The company’s 50 day simple moving average is $8.99 and its 200 day simple moving average is $9.84.

Pearl Diver Credit (NYSE:PDCC) last issued its earnings results on Thursday, August 27th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.11). The firm had revenue of $4.16 million for the quarter, compared to analyst estimates of $4.91 million.

Pearl Diver Credit Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.56 annualized dividend and a dividend yield of 18.0%.

Pearl Diver Credit Company Profile

Pearl Diver Credit Company Inc is a newly organized, externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio’s total return, with a secondary objective of generating high current income. Pearl Diver Credit Company Inc is based in NEW YORK.