Prospect Capital Corporation (NASDAQ:PSEC) insider John F. Barry purchased 250,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average cost of $6.77 per share, for a total transaction of $1,692,500.00. Following the completion of the transaction, the insider now directly owns 27,716,950 shares of the company’s stock, valued at approximately $187,643,751.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Prospect Capital Corporation (NASDAQ PSEC) traded down $0.04 during mid-day trading on Wednesday, reaching $6.69. The company’s stock had a trading volume of 3,039,800 shares, compared to its average volume of 2,856,233. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.63 and a current ratio of 2.63. Prospect Capital Corporation has a 12 month low of $5.51 and a 12 month high of $9.58. The firm has a market cap of $2,425.45, a price-to-earnings ratio of 8.31 and a beta of 0.56.

Prospect Capital (NASDAQ:PSEC) last issued its earnings results on Wednesday, November 8th. The financial services provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). Prospect Capital had a return on equity of 8.63% and a net margin of 27.00%. The firm had revenue of $158.58 million during the quarter, compared to analyst estimates of $161.00 million. During the same period in the previous year, the company earned $0.22 earnings per share. The business’s revenue for the quarter was down 11.8% on a year-over-year basis. sell-side analysts forecast 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. Stockholders of record on Wednesday, January 31st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.72 annualized dividend and a dividend yield of 10.76%. Prospect Capital’s dividend payout ratio (DPR) is presently 144.00%.

Several research analysts have weighed in on the company. National Securities dropped their target price on Prospect Capital from $6.00 to $5.00 and set a “sell” rating on the stock in a research report on Thursday, October 12th. Raymond James Financial raised Prospect Capital from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. UBS raised Prospect Capital from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. Zacks Investment Research lowered Prospect Capital from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. Finally, BidaskClub lowered Prospect Capital from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Three research 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’s stock. The company currently has a consensus rating of “Hold” and an average target price of $6.17.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trexquant Investment LP bought a new stake in shares of Prospect Capital during the 3rd quarter worth about $108,000. Jane Street Group LLC bought a new stake in shares of Prospect Capital during the 3rd quarter worth about $127,000. Regal Investment Advisors LLC boosted its stake in shares of Prospect Capital by 19.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 16,819 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 2,720 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Prospect Capital during the 2nd quarter worth about $142,000. Finally, Advisory Services Network LLC boosted its stake in shares of Prospect Capital by 0.6% during the 2nd quarter. Advisory Services Network LLC now owns 17,741 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 15.72% of the company’s stock.

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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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