Prospect Capital Corporation (NASDAQ:PSEC) CFO Brian H. Oswald acquired 50,000 shares of the stock in a transaction dated Friday, September 1st. The shares were bought at an average price of $6.73 per share, for a total transaction of $336,500.00. Following the transaction, the chief financial officer now owns 493,373 shares in the company, valued at approximately $3,320,400.29. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Prospect Capital Corporation (PSEC) traded up 1.49% during trading on Wednesday, hitting $6.81. 3,509,472 shares of the company traded hands. The company’s 50 day moving average is $7.71 and its 200-day moving average is $8.46. Prospect Capital Corporation has a 52 week low of $6.54 and a 52 week high of $9.58.

Prospect Capital Corporation (NASDAQ:PSEC) last released its quarterly earnings results on Monday, August 28th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.02. The business had revenue of $166.70 million for the quarter, compared to analysts’ expectations of $177.21 million. Prospect Capital Corporation had a net margin of 36.08% and a return on equity of 8.98%. Prospect Capital Corporation’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 EPS. On average, equities analysts anticipate that Prospect Capital Corporation will post $0.78 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Tuesday, October 31st will be paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 10.57%. The ex-dividend date is Monday, October 30th. Prospect Capital Corporation’s payout ratio is 142.86%.

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PSEC has been the topic of several recent research reports. BidaskClub lowered shares of Prospect Capital Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. UBS AG raised shares of Prospect Capital Corporation from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 30th. Raymond James Financial, Inc. raised shares of Prospect Capital Corporation from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 30th. Zacks Investment Research raised shares of Prospect Capital Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, National Securities reduced their target price on shares of Prospect Capital Corporation from $7.00 to $6.00 and set a “sell” rating on the stock in a report on Wednesday, August 30th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.04.

A number of institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its stake in Prospect Capital Corporation by 0.3% during the second quarter. Rhumbline Advisers now owns 26,791 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 70 shares in the last quarter. Advisory Services Network LLC raised its stake in Prospect Capital Corporation by 0.6% during the second quarter. Advisory Services Network LLC now owns 17,741 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 105 shares in the last quarter. Essex Financial Services Inc. raised its stake in Prospect Capital Corporation by 0.7% during the first quarter. Essex Financial Services Inc. now owns 45,115 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 293 shares in the last quarter. Suntrust Banks Inc. raised its stake in Prospect Capital Corporation by 0.6% during the first quarter. Suntrust Banks Inc. now owns 64,800 shares of the financial services provider’s stock valued at $585,000 after purchasing an additional 388 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its stake in Prospect Capital Corporation by 1.4% during the first quarter. CWA Asset Management Group LLC now owns 42,543 shares of the financial services provider’s stock valued at $385,000 after purchasing an additional 593 shares in the last quarter. 15.32% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Prospect Capital Corporation (NASDAQ:PSEC)

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