Prospect Capital Corp. CFO Acquires $283,920 in Stock (PSEC)
Prospect Capital Corp. (NASDAQ:PSEC) CFO Brian H. Oswald purchased 27,300 shares of the stock on the open market in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average cost of $10.40 per share, for a total transaction of $283,920.00. Following the completion of the purchase, the chief financial officer now directly owns 149,000 shares in the company, valued at approximately $1,549,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on PSEC shares. Analysts at Zacks downgraded shares of Prospect Capital Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday. They now have a $9.80 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Prospect Capital Corp. from $11.00 to $10.00 in a research note on Wednesday. They now have a “market perform” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Prospect Capital Corp. in a research note on Wednesday. They now have a $11.50 price target on the stock, down previously from $12.25. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $11.16.
Shares of Prospect Capital Corp. (NASDAQ:PSEC) traded up 0.39% on Friday, hitting $10.30. 5,403,795 shares of the company’s stock traded hands. Prospect Capital Corp. has a 1-year low of $9.17 and a 1-year high of $11.62. The stock’s 50-day moving average is $10.73 and its 200-day moving average is $10.64. Prospect Capital Corp. also was the recipient of unusually large options trading on Tuesday. Stock investors purchased 16,232 put options on the stock. This represents an increase of 1,753% compared to the typical volume of 876 put options.
Prospect Capital Corp. (NASDAQ:PSEC) last issued its quarterly earnings data on Monday, August 25th. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.07. The company had revenue of $182.84 million for the quarter, compared to the consensus estimate of $213.74 million. During the same quarter last year, the company posted $0.38 earnings per share. Prospect Capital Corp.’s revenue was up 9.8% compared to the same quarter last year. On average, analysts predict that Prospect Capital Corp. will post $1.20 earnings per share for the current fiscal year.
Prospect Capital Corporation (NASDAQ:PSEC), is a financial services company, which lends to and invests in middle market privately-held companies.
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