Prospect Capital Corporation (NASDAQ:PSEC) COO M Grier Eliasek purchased 10,000 shares of the stock in a transaction on Monday, December 4th. The shares were purchased at an average cost of $6.85 per share, with a total value of $68,500.00. Following the transaction, the chief operating officer now owns 1,062,196 shares in the company, valued at approximately $7,276,042.60. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Friday, December 1st, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were purchased at an average cost of $6.85 per share, with a total value of $68,500.00.
  • On Wednesday, November 29th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were purchased at an average cost of $6.77 per share, with a total value of $67,700.00.
  • On Monday, November 27th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were purchased at an average cost of $6.89 per share, with a total value of $68,900.00.
  • On Monday, November 13th, M Grier Eliasek purchased 65,000 shares of Prospect Capital stock. The shares were purchased at an average cost of $5.96 per share, with a total value of $387,400.00.
  • On Friday, November 10th, M Grier Eliasek purchased 65,000 shares of Prospect Capital stock. The shares were purchased at an average cost of $5.65 per share, with a total value of $367,250.00.

Shares of Prospect Capital Corporation (PSEC) remained flat at $$6.69 during mid-day trading on Wednesday. 1,698,544 shares of the stock traded hands, compared to its average volume of 2,851,307. The firm has a market cap of $2,425.45, a price-to-earnings ratio of 8.31 and a beta of 0.56. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.78. Prospect Capital Corporation has a 52 week low of $5.51 and a 52 week high of $9.58.

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

The firm 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. The ex-dividend date is Tuesday, January 30th. This represents a $0.72 annualized dividend and a dividend yield of 10.76%. Prospect Capital’s dividend payout ratio is presently 144.00%.

Institutional investors have recently made changes to their positions in the stock. Trexquant Investment LP purchased a new position in shares of Prospect Capital in the 3rd quarter valued at about $108,000. Jane Street Group LLC purchased a new position in shares of Prospect Capital in the 3rd quarter valued at about $127,000. Regal Investment Advisors LLC increased its stake in shares of Prospect Capital by 19.3% in the 2nd 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. Summit Securities Group LLC purchased a new position in shares of Prospect Capital in the 2nd quarter valued at about $142,000. Finally, Advisory Services Network LLC increased its stake in shares of Prospect Capital by 0.6% in the 2nd 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. Hedge funds and other institutional investors own 15.72% of the company’s stock.

Several brokerages have recently issued reports on PSEC. UBS raised 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 report on Wednesday, September 27th. Zacks Investment Research cut Prospect Capital from a “hold” rating to a “sell” rating in a report on Saturday, November 11th. BMO Capital Markets decreased their price objective on Prospect Capital from $7.00 to $6.00 and set a “market perform” rating for the company in a report on Friday, November 10th. Finally, Raymond James Financial raised Prospect Capital from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 30th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company currently has a consensus 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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