Prospect Capital Corp. Director Acquires $41,280 in Stock (PSEC)
Prospect Capital Corp. (NASDAQ:PSEC) Director Eugene S. Stark acquired 4,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 28th. The shares were purchased at an average price of $10.32 per share, with a total value of $41,280.00. Following the completion of the acquisition, the director now directly owns 19,488 shares of the company’s stock, valued at approximately $201,116. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Prospect Capital Corp. (NASDAQ:PSEC) traded up 0.39% on Friday, hitting $10.30. The stock had a trading volume of 5,403,795 shares. Prospect Capital Corp. has a one year low of $9.17 and a one year high of $11.62. The stock has a 50-day moving average of $10.73 and a 200-day moving average of $10.64. Prospect Capital Corp. also saw unusually large options trading activity on Tuesday. Traders acquired 16,232 put options on the company. This represents an increase of 1,753% compared to the average daily volume of 876 put options.
Prospect Capital Corp. (NASDAQ:PSEC) last announced its earnings results on Monday, August 25th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. On average, analysts predict that Prospect Capital Corp. will post $1.20 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Prospect Capital Corp. has an average rating of “Hold” and an average price target of $11.16.
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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