Prospect Capital Corporation (NASDAQ:PSEC) has been given an average rating of “Hold” by the eight analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $7.64.

A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Prospect Capital Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. FBR & Co downgraded Prospect Capital Corporation from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $9.50 to $8.50 in a research note on Thursday, May 11th. BidaskClub upgraded Prospect Capital Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. National Securities restated a “sell” rating and issued a $7.00 price objective on shares of Prospect Capital Corporation in a research note on Monday, May 15th. Finally, BMO Capital Markets restated a “hold” rating and issued a $7.00 price objective on shares of Prospect Capital Corporation in a research note on Thursday, June 1st.

Shares of Prospect Capital Corporation (NASDAQ:PSEC) traded down 0.061% during midday trading on Tuesday, reaching $8.175. The company’s stock had a trading volume of 1,463,829 shares. The firm has a 50-day moving average of $8.14 and a 200-day moving average of $8.69. Prospect Capital Corporation has a one year low of $7.07 and a one year high of $9.58.

Prospect Capital Corporation (NASDAQ:PSEC) last announced its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $171 million during the quarter, compared to the consensus estimate of $185.36 million. Prospect Capital Corporation had a net margin of 40.82% and a return on equity of 9.56%. The firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS. Equities analysts expect that Prospect Capital Corporation will post $0.87 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which was paid on Thursday, July 20th. Stockholders of record on Friday, June 30th were given a dividend of $0.0833 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.22%. Prospect Capital Corporation’s dividend payout ratio is presently 120.48%.

In other news, CFO Brian H. Oswald purchased 4,453 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were purchased at an average price of $8.05 per share, with a total value of $35,846.65. Following the transaction, the chief financial officer now directly owns 490,000 shares of the company’s stock, valued at $3,944,500. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian H. Oswald purchased 10,547 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were purchased at an average cost of $8.07 per share, for a total transaction of $85,114.29. Following the transaction, the chief financial officer now directly owns 480,000 shares in the company, valued at $3,873,600. The disclosure for this purchase can be found here. Insiders have bought a total of 20,000 shares of company stock worth $162,361 in the last ninety days. Insiders own 6.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of PSEC. Rhumbline Advisers boosted its position in shares of Prospect Capital Corporation by 0.3% in the second quarter. Rhumbline Advisers now owns 26,791 shares of the financial services provider’s stock worth $218,000 after buying an additional 70 shares in the last quarter. Essex Financial Services Inc. boosted its position in shares of Prospect Capital Corporation by 0.7% in the first quarter. Essex Financial Services Inc. now owns 45,115 shares of the financial services provider’s stock worth $408,000 after buying an additional 293 shares in the last quarter. Suntrust Banks Inc. boosted its position in shares of Prospect Capital Corporation by 0.6% in the first quarter. Suntrust Banks Inc. now owns 64,800 shares of the financial services provider’s stock worth $585,000 after buying an additional 388 shares in the last quarter. CWA Asset Management Group LLC boosted its position in shares of Prospect Capital Corporation by 1.4% in the first quarter. CWA Asset Management Group LLC now owns 42,543 shares of the financial services provider’s stock worth $385,000 after buying an additional 593 shares in the last quarter. Finally, First Midwest Bank Trust Division boosted its position in shares of Prospect Capital Corporation by 1.5% in the first quarter. First Midwest Bank Trust Division now owns 40,657 shares of the financial services provider’s stock worth $368,000 after buying an additional 610 shares in the last quarter. 16.34% of the stock is currently owned by hedge funds and other institutional investors.

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Prospect Capital Corporation 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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