Prospect Capital Corp. (NASDAQ:PSEC) declared a monthly dividend on Friday, August 26th. Investors of record on Friday, September 30th will be paid a dividend of 0.0833 per share on Thursday, October 20th. This represents a $1.00 annualized dividend and a yield of 12.11%. The ex-dividend date of this dividend is Wednesday, September 28th.

In related news, CFO Brian H. Oswald acquired 4,000 shares of the business’s stock in a transaction on Tuesday, September 13th. The stock was purchased at an average cost of $7.85 per share, for a total transaction of $31,400.00. Following the completion of the transaction, the chief financial officer now directly owns 480,000 shares of the company’s stock, valued at approximately $3,768,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 6.60% of the company’s stock.

A number of large investors have recently modified their holdings of the company. BlackRock Group LTD increased its stake in shares of Prospect Capital Corp. by 14.6% in the second quarter. BlackRock Group LTD now owns 1,780,873 shares of the company’s stock valued at $13,926,000 after buying an additional 226,465 shares during the period. US Bancorp DE increased its stake in shares of Prospect Capital Corp. by 9.3% in the second quarter. US Bancorp DE now owns 293,100 shares of the company’s stock valued at $2,292,000 after buying an additional 25,000 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Prospect Capital Corp. during the second quarter valued at about $308,000. Janney Montgomery Scott LLC increased its stake in shares of Prospect Capital Corp. by 17.1% in the second quarter. Janney Montgomery Scott LLC now owns 28,047 shares of the company’s stock valued at $196,000 after buying an additional 4,088 shares during the period. Finally, Aviance Capital Partners LLC increased its stake in shares of Prospect Capital Corp. by 2.4% in the second quarter. Aviance Capital Partners LLC now owns 29,736 shares of the company’s stock valued at $233,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 11.00% of the company’s stock.

Several equities analysts recently issued reports on the company. Vetr upgraded Prospect Capital Corp. from a “sell” rating to a “hold” rating and set a $8.11 price target on the stock in a research note on Wednesday, August 3rd. BMO Capital Markets restated a “market perform” rating and set a $7.00 price target on shares of Prospect Capital Corp. in a research note on Thursday, September 1st. Barclays PLC reiterated an “equal weight” rating and issued a $7.00 price objective on shares of Prospect Capital Corp. in a research note on Wednesday, August 31st. FBR & Co reiterated an “outperform” rating and issued a $10.00 price objective (up from $9.00) on shares of Prospect Capital Corp. in a research note on Wednesday, August 31st. Finally, Zacks Investment Research upgraded Prospect Capital Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Prospect Capital Corp. presently has a consensus rating of “Hold” and an average target price of $7.60.

Shares of Prospect Capital Corp. (NASDAQ:PSEC) opened at 8.26 on Friday. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 28.48 and a beta of 0.62. Prospect Capital Corp. has a 52-week low of $5.21 and a 52-week high of $8.68. The company’s 50-day moving average price is $8.32 and its 200-day moving average price is $7.77.

Prospect Capital Corp. (NASDAQ:PSEC) last issued its quarterly earnings data on Monday, August 29th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The firm earned $193.04 million during the quarter. Prospect Capital Corp. had a net margin of 13.05% and a return on equity of 10.47%. The company’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. Equities research analysts forecast that Prospect Capital Corp. will post $0.99 EPS for the current fiscal year.

About Prospect Capital Corp.

Prospect Capital Corporation is a financial services company. The Company is a non-diversified closed-end investment company. The Company’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes.

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