Alaris Master Fund LP (10% owner) sold 532,350 shares of PSBD at $12.56, reducing stake to 3,175,027 shares
Alaris Master Fund LP, a 10% shareholder of Palmer Square Capital BDC Inc., executed a sale of 532,350 shares at $12.56 on October 22, 2025, reducing its position by -14.4% to 3,175,027 shares. The sale occurred at a price notably above the current market price of $12.45 but well below the 52-week high of $16.25 (current price is -23.4% from peak). The company trades at a P/E of 21.84 on net income of $7,169,976.00, suggesting moderate valuation. The disposition represents a material reduction in a significant insider stake but lacks sufficient context (prior holdings history, stated rationale, or portfolio concentration data) to indicate the specific motivation behind the liquidation.