Prospect Capital (NASDAQ:PSEC) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

Other equities analysts have also recently issued research reports about the stock. TheStreet cut shares of Prospect Capital from a “b-” rating to a “c+” rating in a research report on Wednesday, September 27th. Zacks Investment Research raised shares of Prospect Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st. UBS raised shares of Prospect Capital from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. Raymond James Financial raised shares of Prospect Capital from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. Finally, BMO Capital Markets dropped their price target on shares of Prospect Capital from $7.00 to $6.00 and set a “market perform” rating on the stock in a research report on Friday, November 10th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $6.17.

Prospect Capital (NASDAQ PSEC) traded down $0.06 during mid-day trading on Friday, hitting $6.79. 3,726,834 shares of the stock were exchanged, compared to its average volume of 4,954,477. The company has a market cap of $2,468.70, a PE ratio of 8.46 and a beta of 0.55. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.78. Prospect Capital has a one year low of $5.51 and a one year high of $9.58.

Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The company had revenue of $158.58 million for the quarter, compared to the consensus estimate of $161.00 million. Prospect Capital had a return on equity of 8.63% and a net margin of 27.00%. Prospect Capital’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period last year, the company earned $0.22 EPS. research analysts forecast that Prospect Capital will post 0.72 EPS for the current year.

In other Prospect Capital news, CFO Brian H. Oswald purchased 35,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average price of $5.75 per share, with a total value of $201,250.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO M Grier Eliasek purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was acquired at an average cost of $6.89 per share, for a total transaction of $68,900.00. Following the transaction, the chief operating officer now owns 1,003,990 shares in the company, valued at approximately $6,917,491.10. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,634,820 shares of company stock worth $11,123,102. 7.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership purchased a new stake in Prospect Capital in the 2nd quarter valued at about $7,697,000. Penn Mutual Life Insurance Co purchased a new stake in Prospect Capital in the 3rd quarter valued at about $3,992,000. Cowen Inc. increased its stake in Prospect Capital by 200.0% in the 3rd quarter. Cowen Inc. now owns 248,000 shares of the financial services provider’s stock valued at $1,667,000 after buying an additional 496,000 shares during the last quarter. Van ECK Associates Corp increased its stake in Prospect Capital by 21.6% in the 2nd quarter. Van ECK Associates Corp now owns 2,307,637 shares of the financial services provider’s stock valued at $18,738,000 after buying an additional 410,614 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in Prospect Capital in the 3rd quarter valued at about $1,385,000. 15.82% of the stock is currently owned by institutional investors and hedge funds.

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Prospect Capital Company Profile

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.

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