Prospect Capital (PSEC) Receiving Somewhat Favorable News Coverage, Study Shows
News coverage about Prospect Capital (NASDAQ:PSEC) has trended somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Prospect Capital earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.4179224547973 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Insider Buying: Prospect Capital Co. (PSEC) Insider Purchases 269,197 Shares of Stock (americanbankingnews.com)
- Prospect Capital Co. (PSEC) Short Interest Down 13.7% in February (americanbankingnews.com)
- Hedge Fund and Insider Trading News: Paul Tudor Jones, Dan Loeb, David Einhorn, Legacy Reserves LP (LGCY), Prospect Capital Co. (PSEC), Alteryx Inc (AYX), and More (feedproxy.google.com)
- First Republic Investment Management Inc. Has $2.70 Million Holdings in Prospect Capital Co. (PSEC) (americanbankingnews.com)
- CHIEF EXECUTIVE OFFICER of Prospect Capital Corp (NASDAQ:PSEC), Barry John F, buys 79,933 shares worth $533,017 (empowerednews.net)
Prospect Capital (NASDAQ:PSEC) opened at $6.56 on Friday. The company has a market cap of $2,360.00, a P/E ratio of 11.51 and a beta of 0.42. The company has a debt-to-equity ratio of 0.73, a current ratio of 4.32 and a quick ratio of 4.32. Prospect Capital has a 1 year low of $5.51 and a 1 year high of $9.49.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 19th. Investors of record on Friday, March 30th will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 10.98%. The ex-dividend date of this dividend is Wednesday, March 28th. Prospect Capital’s payout ratio is currently 126.32%.
PSEC has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their price target on shares of Prospect Capital from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Friday, November 10th. Zacks Investment Research cut shares of Prospect Capital from a “hold” rating to a “sell” rating in a report on Saturday, November 11th. National Securities lowered their price target on shares of Prospect Capital from $5.00 to $4.00 and set a “sell” rating on the stock in a report on Tuesday, November 14th. ValuEngine upgraded shares of Prospect Capital from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, BidaskClub upgraded shares of Prospect Capital from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $6.81.
In related news, insider John F. Barry acquired 250,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average cost of $6.77 per share, with a total value of $1,692,500.00. Following the transaction, the insider now directly owns 27,716,950 shares of the company’s stock, valued at approximately $187,643,751.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John F. Barry acquired 110,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was bought at an average cost of $6.70 per share, with a total value of $737,000.00. Following the completion of the transaction, the chief executive officer now directly owns 28,093,192 shares in the company, valued at $188,224,386.40. The disclosure for this purchase can be found here. Insiders purchased a total of 3,573,733 shares of company stock valued at $24,674,361 over the last ninety days. 7.10% of the stock is currently owned by insiders.
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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