Prospect Capital Co. (NASDAQ:PSEC) insider John F. Barry purchased 467,178 shares of the business’s stock in a transaction on Friday, February 9th. The shares were acquired at an average price of $6.73 per share, for a total transaction of $3,144,107.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Prospect Capital Co. (PSEC) traded up $0.04 during trading on Tuesday, hitting $6.86. The stock had a trading volume of 1,821,262 shares, compared to its average volume of 2,407,146. Prospect Capital Co. has a 1-year low of $5.51 and a 1-year high of $9.58. The firm has a market capitalization of $2,470.00, a P/E ratio of 12.04 and a beta of 0.48. The company has a debt-to-equity ratio of 0.73, a quick ratio of 4.32 and a current ratio of 4.32.
Prospect Capital (NASDAQ:PSEC) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.20 EPS for the quarter, topping the Zacks’ 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 previous year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. analysts forecast that Prospect Capital Co. will post 0.72 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Wesbanco Bank Inc. acquired a new position in shares of Prospect Capital during the fourth quarter worth about $107,000. Trexquant Investment LP acquired a new position in shares of Prospect Capital during the third quarter worth about $108,000. Kovack Advisors Inc. acquired a new position in shares of Prospect Capital during the fourth quarter worth about $111,000. Jane Street Group LLC acquired a new position in shares of Prospect Capital during the third quarter worth about $127,000. Finally, Advisory Services Network LLC grew its position in shares of 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 worth $144,000 after buying an additional 105 shares in the last quarter. 14.66% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on PSEC. National Securities cut their price target on shares of Prospect Capital from $5.00 to $4.00 and set a “sell” rating on the stock in a research note on Tuesday, November 14th. BidaskClub lowered shares of Prospect Capital from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. ValuEngine upgraded shares of Prospect Capital from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research lowered shares of Prospect Capital from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $7.00 price target on shares of Prospect Capital in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Prospect Capital presently has a consensus rating of “Hold” and a consensus price target of $6.81.
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.
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