Prospect Capital Corporation (PSEC) Insider M Grier Eliasek Acquires 10,000 Shares

Prospect Capital Corporation (NASDAQ:PSEC) insider M Grier Eliasek acquired 10,000 shares of Prospect Capital stock in a transaction dated Wednesday, November 29th. The shares were purchased at an average price of $6.77 per share, with a total value of $67,700.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

M Grier Eliasek also recently made the following trade(s):

  • On Monday, November 27th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The shares were purchased at an average price of $6.89 per share, with a total value of $68,900.00.
  • On Monday, November 13th, M Grier Eliasek acquired 65,000 shares of Prospect Capital stock. The shares were purchased at an average price of $5.96 per share, with a total value of $387,400.00.
  • On Friday, November 10th, M Grier Eliasek acquired 65,000 shares of Prospect Capital stock. The shares were purchased at an average price of $5.65 per share, with a total value of $367,250.00.

Shares of Prospect Capital Corporation (NASDAQ PSEC) traded down $0.06 during mid-day trading on Friday, hitting $6.79. The company had a trading volume of 3,726,834 shares, compared to its average volume of 2,854,813. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $2,450.00, a PE ratio of 8.44 and a beta of 0.51. Prospect Capital Corporation has a fifty-two week low of $5.51 and a fifty-two week high of $9.58.

Prospect Capital (NASDAQ:PSEC) last issued its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $158.58 million during the quarter, compared to the consensus estimate of $161.00 million. Prospect Capital had a net margin of 27.00% and a return on equity of 8.63%. The company’s quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share. equities research analysts predict that Prospect Capital Corporation will post 0.72 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 10.60%. The ex-dividend date is Tuesday, January 30th. Prospect Capital’s dividend payout ratio (DPR) is currently 141.18%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Trexquant Investment LP acquired a new position in Prospect Capital during the third quarter valued at approximately $108,000. Jane Street Group LLC acquired a new position in Prospect Capital during the third quarter valued at approximately $127,000. Regal Investment Advisors LLC raised its position in Prospect Capital by 19.3% during the second quarter. Regal Investment Advisors LLC now owns 16,819 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 2,720 shares in the last quarter. Nwam LLC raised its position in Prospect Capital by 19.1% during the second quarter. Nwam LLC now owns 16,825 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in Prospect Capital during the second quarter valued at approximately $142,000. Institutional investors and hedge funds own 15.82% of the company’s stock.

PSEC has been the subject of a number of research analyst reports. UBS upgraded Prospect Capital from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 30th. TheStreet cut Prospect Capital from a “b-” rating to a “c+” rating in a research note on Wednesday, September 27th. Zacks Investment Research cut Prospect Capital from a “hold” rating to a “sell” rating in a research note on Saturday, November 11th. BMO Capital Markets cut their price target on Prospect Capital from $7.00 to $6.00 and set a “market perform” rating for the company in a research note on Friday, November 10th. Finally, Raymond James Financial upgraded Prospect Capital from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 30th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Prospect Capital presently has an average rating of “Hold” and an average price target of $6.17.

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About Prospect Capital

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 (NASDAQ:PSEC)

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