Prospect Capital Corporation (NASDAQ:PSEC) insider M Grier Eliasek acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average cost of $6.85 per share, for a total transaction of $68,500.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Wednesday, November 29th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The shares were purchased at an average cost of $6.77 per share, for a total transaction of $67,700.00.
  • On Monday, November 27th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The shares were purchased at an average cost of $6.89 per share, for a total transaction 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 cost of $5.96 per share, for a total transaction 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 cost of $5.65 per share, for a total transaction of $367,250.00.

Shares of Prospect Capital Corporation (NASDAQ:PSEC) traded down $0.04 on Tuesday, reaching $6.69. The company’s stock had a trading volume of 3,039,868 shares, compared to its average volume of 2,856,232. The firm has a market cap of $2,430.00, a P/E ratio of 8.38 and a beta of 0.55. Prospect Capital Corporation has a 52-week low of $5.51 and a 52-week high of $9.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.63 and a quick ratio of 2.63.

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

The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 10.76%. The ex-dividend date of this dividend is Tuesday, January 30th. Prospect Capital’s payout ratio is presently 141.18%.

Several equities research analysts recently weighed in on the company. BidaskClub downgraded Prospect Capital from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Zacks Investment Research downgraded Prospect Capital from a “hold” rating to a “sell” rating in a report on Friday, September 1st. National Securities cut their price objective on Prospect Capital from $5.00 to $4.00 and set a “sell” rating on the stock in a report on Tuesday, November 14th. ValuEngine raised Prospect Capital from a “hold” rating to a “buy” rating in a report on Friday. Finally, Raymond James Financial raised Prospect Capital from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 30th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $6.17.

A number of institutional investors and hedge funds have recently made changes to their positions in PSEC. Aperio Group LLC lifted its holdings in Prospect Capital by 2.3% during the 2nd quarter. Aperio Group LLC now owns 57,248 shares of the financial services provider’s stock worth $465,000 after buying an additional 1,285 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Prospect Capital by 65.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 46,924 shares of the financial services provider’s stock worth $381,000 after buying an additional 18,567 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in Prospect Capital by 109.6% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 47,841 shares of the financial services provider’s stock worth $388,000 after buying an additional 25,015 shares during the period. Trent Capital Management Inc. NC acquired a new position in Prospect Capital during the 2nd quarter worth about $185,000. Finally, National Planning Corp lifted its holdings in Prospect Capital by 28.6% during the 2nd quarter. National Planning Corp now owns 74,255 shares of the financial services provider’s stock worth $601,000 after buying an additional 16,500 shares during the period. 15.72% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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