Prospect Capital Co. (NASDAQ:PSEC) announced a monthly dividend on Friday, February 9th, Wall Street Journal reports. Stockholders of record on Friday, March 30th will be paid a dividend of 0.06 per share by the financial services provider on Thursday, April 19th. This represents a $0.72 annualized dividend and a dividend yield of 10.64%. The ex-dividend date of this dividend is Wednesday, March 28th.
Shares of Prospect Capital (NASDAQ PSEC) traded up $0.27 during midday trading on Friday, hitting $6.77. The stock had a trading volume of 4,672,113 shares, compared to its average volume of 2,427,301. Prospect Capital has a twelve month low of $5.51 and a twelve month high of $9.58. The stock has a market capitalization of $2,440.00, a P/E ratio of 11.88 and a beta of 0.48. 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 (NASDAQ:PSEC) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. Prospect Capital had a return on equity of 8.36% and a net margin of 31.02%. The business had revenue of $162.40 million during the quarter, compared to the consensus estimate of $153.94 million. During the same period in the prior year, the business posted $0.28 earnings per share. Prospect Capital’s revenue was down 11.5% compared to the same quarter last year. research analysts anticipate that Prospect Capital will post 0.72 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on the company. Zacks Investment Research raised Prospect Capital from a “sell” rating to a “hold” rating and set a $7.75 target price for the company in a report on Thursday, January 11th. BidaskClub raised Prospect Capital from a “sell” rating to a “hold” rating in a report on Monday. BMO Capital Markets reaffirmed a “hold” rating and set a $7.00 target price on shares of Prospect Capital in a report on Monday, January 8th. Finally, ValuEngine downgraded Prospect Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.81.
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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.
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