Prospect Capital Corporation (NASDAQ:PSEC) insider M Grier Eliasek bought 10,000 shares of the company’s stock in a transaction on Friday, December 8th. The stock was bought at an average cost of $6.73 per share, for a total transaction of $67,300.00. Following the completion of the acquisition, the insider now directly owns 1,102,196 shares of the company’s stock, valued at approximately $7,417,779.08. 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 Wednesday, December 6th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was bought at an average cost of $6.69 per share, for a total transaction of $66,900.00.
  • On Monday, December 4th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was bought at an average cost of $6.85 per share, for a total transaction of $68,500.00.
  • On Friday, December 1st, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was bought at an average cost of $6.85 per share, for a total transaction of $68,500.00.
  • On Wednesday, November 29th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was bought at an average cost of $6.77 per share, for a total transaction of $67,700.00.
  • On Monday, November 27th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was bought at an average cost of $6.89 per share, for a total transaction of $68,900.00.
  • On Monday, November 13th, M Grier Eliasek bought 65,000 shares of Prospect Capital stock. The stock was bought at an average cost of $5.96 per share, for a total transaction of $387,400.00.
  • On Friday, November 10th, M Grier Eliasek bought 65,000 shares of Prospect Capital stock. The stock was bought at an average cost of $5.65 per share, for a total transaction of $367,250.00.

Prospect Capital Corporation (NASDAQ:PSEC) traded up $0.07 during mid-day trading on Tuesday, hitting $6.83. The stock had a trading volume of 2,022,800 shares, compared to its average volume of 2,845,179. Prospect Capital Corporation has a 52-week low of $5.51 and a 52-week high of $9.58. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $2,436.27, a PE ratio of 8.35 and a beta of 0.56.

Prospect Capital (NASDAQ:PSEC) last posted its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $158.58 million during the quarter, compared to analysts’ expectations of $161.00 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The firm’s revenue for the quarter was down 11.8% compared to the same quarter last year. analysts expect that Prospect Capital Corporation will post 0.72 EPS for the current year.

The firm 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 $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 10.54%. The ex-dividend date is Tuesday, January 30th. Prospect Capital’s dividend payout ratio is currently 144.00%.

Several equities research analysts have commented on the company. BidaskClub downgraded Prospect Capital from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. Raymond James Financial upgraded Prospect Capital from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 30th. National Securities decreased their price target on Prospect Capital from $7.00 to $6.00 and set a “sell” rating for the company in a research note on Wednesday, August 30th. UBS upgraded Prospect Capital from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 30th. Finally, ValuEngine upgraded Prospect Capital from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Prospect Capital has an average rating of “Hold” and an average target price of $6.17.

Several hedge funds have recently bought and sold shares of PSEC. Trexquant Investment LP purchased a new stake in Prospect Capital during the third quarter valued at $108,000. Jane Street Group LLC purchased a new stake in Prospect Capital during the third quarter valued at $127,000. Regal Investment Advisors LLC increased 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 acquiring an additional 2,720 shares during the last quarter. Advisory Services Network LLC increased its position in Prospect Capital by 0.6% during the second quarter. Advisory Services Network LLC now owns 17,741 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 105 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Prospect Capital by 8.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 19,659 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 1,507 shares during the last quarter. Hedge funds and other institutional investors own 15.72% of the company’s stock.

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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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