Head to Head Review: Palmer Square Capital BDC (NYSE:PSBD) versus Eightco (NASDAQ:OCTO)

Eightco (NASDAQ:OCTO) and Palmer Square Capital BDC (NYSE:PSBD) are both small-cap business services companies, but which is the superior business? We will contrast the two companies based on the strength of their valuation, analyst recommendations, earnings, risk, institutional ownership, profitability and dividends.

Earnings & Valuation

This table compares Eightco and Palmer Square Capital BDC’s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Eightco	$75.30 million	0.08	-$68.32 million	N/A	N/A
Palmer Square Capital BDC	$112.22 million	4.64	$107.84 million	N/A	N/A

Palmer Square Capital BDC has higher revenue and earnings than Eightco.

Profitability

This table compares Eightco and Palmer Square Capital BDC’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Eightco	-90.73%	-512.05%	-35.63%
Palmer Square Capital BDC	96.09%	23.31%	9.23%

Analyst Ratings

This is a summary of current ratings and recommmendations for Eightco and Palmer Square Capital BDC, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Eightco	0	0	0	0	N/A
Palmer Square Capital BDC	0	2	4	0	2.67

Palmer Square Capital BDC has a consensus target price of $16.83, suggesting a potential upside of 5.21%. Given Palmer Square Capital BDC’s higher possible upside, analysts clearly believe Palmer Square Capital BDC is more favorable than Eightco.

Institutional and Insider Ownership

12.9% of Eightco shares are held by institutional investors. Comparatively, 6.5% of Palmer Square Capital BDC shares are held by institutional investors. 0.5% of Eightco shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Summary

Palmer Square Capital BDC beats Eightco on 8 of the 10 factors compared between the two stocks.

About Eightco

Eightco Holdings Inc. provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc. and changed its name to Eightco Holdings Inc. in April 2023. Eightco Holdings Inc. was incorporated in 1966 and is headquartered in Easton, Pennsylvania.

About Palmer Square Capital BDC

Palmer Square Capital BDC Inc. is an externally managed, non-diversified closed-end management investment company which primarily lends to and invests in corporate debt securities, including small to large private U.S. companies and has elected to be regulated as a business development company. Palmer Square Capital BDC Inc. is based in MISSION WOODS, Kan.