Prospect Capital Corporation (NASDAQ:PSEC) has earned a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $7.64.

PSEC has been the topic of a number of recent research reports. Zacks Investment Research raised Prospect Capital Corporation from a “sell” rating to a “hold” rating in a report on Thursday, February 23rd. FBR & Co lowered Prospect Capital Corporation from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $9.50 to $8.50 in a research note on Thursday, May 11th. National Securities reiterated a “sell” rating and issued a $7.00 price target on shares of Prospect Capital Corporation in a research note on Monday, May 15th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $7.00 price target on shares of Prospect Capital Corporation in a research note on Thursday, June 1st.

ILLEGAL ACTIVITY NOTICE: “Prospect Capital Corporation (PSEC) Given Average Rating of “Hold” by Analysts” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/06/19/prospect-capital-corporation-psec-given-average-rating-of-hold-by-analysts.html.

In other Prospect Capital Corporation news, CFO Brian H. Oswald purchased 4,453 shares of the business’s stock in a transaction on Friday, May 12th. The stock was acquired at an average price of $8.05 per share, for a total transaction of $35,846.65. Following the purchase, the chief financial officer now owns 490,000 shares of the company’s stock, valued at approximately $3,944,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian H. Oswald purchased 10,547 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was acquired at an average price of $8.07 per share, with a total value of $85,114.29. Following the purchase, the chief financial officer now directly owns 480,000 shares in the company, valued at approximately $3,873,600. The disclosure for this purchase can be found here. Insiders acquired a total of 20,000 shares of company stock valued at $162,361 in the last quarter. 6.60% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Muzinich & Co. Inc. raised its position in shares of Prospect Capital Corporation by 58.7% in the first quarter. Muzinich & Co. Inc. now owns 12,063,718 shares of the financial services provider’s stock worth $109,056,000 after buying an additional 4,460,250 shares during the last quarter. Two Sigma Investments LP raised its position in shares of Prospect Capital Corporation by 217.9% in the fourth quarter. Two Sigma Investments LP now owns 1,483,820 shares of the financial services provider’s stock worth $12,390,000 after buying an additional 1,017,067 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Prospect Capital Corporation by 1,613.1% in the first quarter. California Public Employees Retirement System now owns 746,900 shares of the financial services provider’s stock worth $6,752,000 after buying an additional 703,300 shares during the last quarter. LSV Asset Management raised its position in shares of Prospect Capital Corporation by 32.5% in the first quarter. LSV Asset Management now owns 1,775,956 shares of the financial services provider’s stock worth $16,054,000 after buying an additional 436,101 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Prospect Capital Corporation by 28.1% in the first quarter. Van ECK Associates Corp now owns 1,897,023 shares of the financial services provider’s stock worth $17,149,000 after buying an additional 415,831 shares during the last quarter. Hedge funds and other institutional investors own 16.30% of the company’s stock.

Shares of Prospect Capital Corporation (PSEC) traded down 0.558% during trading on Monday, hitting $8.015. The stock had a trading volume of 838,697 shares. Prospect Capital Corporation has a 1-year low of $7.07 and a 1-year high of $9.58. The stock’s 50-day moving average price is $8.38 and its 200 day moving average price is $8.72.

Prospect Capital Corporation (NASDAQ:PSEC) last announced its earnings results on Tuesday, May 9th. The financial services provider reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.04. Prospect Capital Corporation had a return on equity of 9.56% and a net margin of 40.82%. The company had revenue of $171 million during the quarter, compared to the consensus estimate of $185.36 million. During the same period in the prior year, the business posted $0.25 earnings per share. Prospect Capital Corporation’s revenue for the quarter was down 9.8% compared to the same quarter last year. Equities research analysts anticipate that Prospect Capital Corporation will post $0.88 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, July 20th. Shareholders of record on Friday, June 30th will be paid a $0.0833 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.00 dividend on an annualized basis and a yield of 12.41%. Prospect Capital Corporation’s payout ratio is presently 120.48%.

About Prospect Capital Corporation

Prospect Capital Corporation is a financial services company. The Company primarily lends to and invests in middle market privately held companies. The Company is a closed-end investment company. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.

Receive News & Ratings for Prospect Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prospect Capital Corporation and related companies with MarketBeat.com's FREE daily email newsletter.