Prospect Capital Corporation (NASDAQ:PSEC) COO M Grier Eliasek purchased 10,000 shares of the stock in a transaction on Monday, November 27th. The shares were purchased at an average cost of $6.89 per share, with a total value of $68,900.00. Following the transaction, the chief operating officer now owns 1,003,990 shares in the company, valued at approximately $6,917,491.10. 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, November 29th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were purchased at an average cost of $6.77 per share, with a total value of $67,700.00.
  • On Monday, November 13th, M Grier Eliasek purchased 65,000 shares of Prospect Capital stock. The shares were purchased at an average cost of $5.96 per share, with a total value of $387,400.00.
  • On Friday, November 10th, M Grier Eliasek purchased 65,000 shares of Prospect Capital stock. The shares were purchased at an average cost of $5.65 per share, with a total value of $367,250.00.

Prospect Capital Corporation (NASDAQ PSEC) traded down $0.06 during midday trading on Friday, hitting $6.79. The company’s stock had a trading volume of 3,726,834 shares, compared to its average volume of 4,954,477. The stock has a market cap of $2,468.70, a price-to-earnings ratio of 8.46 and a beta of 0.55. Prospect Capital Corporation has a twelve month low of $5.51 and a twelve month high of $9.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.63 and a quick ratio of 2.63.

Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The company had revenue of $158.58 million for the quarter, compared to analysts’ expectations of $161.00 million. Prospect Capital had a net margin of 27.00% and a return on equity of 8.63%. The business’s quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. sell-side analysts expect that Prospect Capital Corporation will post 0.72 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.60%. Prospect Capital’s payout ratio is currently 144.00%.

A number of brokerages have commented on PSEC. ValuEngine raised Prospect Capital from a “hold” rating to a “buy” rating in a research report on Friday. TheStreet cut Prospect Capital from a “b-” rating to a “c+” rating in a research report on Wednesday, September 27th. BidaskClub cut Prospect Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. BMO Capital Markets lowered their price target on Prospect Capital from $7.00 to $6.00 and set a “market perform” rating for the company in a research report on Friday, November 10th. Finally, Zacks Investment Research cut Prospect Capital from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.17.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its stake in shares of Prospect Capital by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 26,791 shares of the financial services provider’s stock valued at $218,000 after buying an additional 70 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Prospect Capital by 0.6% during the 2nd quarter. Advisory Services Network LLC now owns 17,741 shares of the financial services provider’s stock valued at $144,000 after buying an additional 105 shares during the last quarter. Essex Financial Services Inc. raised its stake in shares of Prospect Capital by 0.7% during the 2nd quarter. Essex Financial Services Inc. now owns 45,438 shares of the financial services provider’s stock valued at $369,000 after buying an additional 323 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Prospect Capital by 1.3% during the 2nd quarter. D.A. Davidson & CO. now owns 57,013 shares of the financial services provider’s stock valued at $462,000 after buying an additional 753 shares during the last quarter. Finally, Green Square Capital LLC raised its stake in shares of Prospect Capital by 2.1% during the 2nd quarter. Green Square Capital LLC now owns 43,685 shares of the financial services provider’s stock valued at $355,000 after buying an additional 908 shares during the last quarter. Institutional investors and hedge funds own 15.82% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Prospect Capital (NASDAQ:PSEC)

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