Prospect Capital (NASDAQ:PSEC) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Tuesday.

A number of other research analysts have also recently commented on the company. ValuEngine raised Prospect Capital from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Zacks Investment Research raised Prospect Capital from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research note on Wednesday, January 17th. National Securities reissued a “sell” rating and issued a $4.00 target price on shares of Prospect Capital in a research note on Monday, February 12th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $7.00 target price on shares of Prospect Capital in a research note on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Prospect Capital presently has a consensus rating of “Hold” and an average price target of $6.81.

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Shares of PSEC stock opened at $6.39 on Tuesday. The firm has a market capitalization of $2,331.85, a P/E ratio of 7.52 and a beta of 0.42. The company has a current ratio of 4.32, a quick ratio of 4.32 and a debt-to-equity ratio of 0.73. Prospect Capital has a 52-week low of $5.51 and a 52-week high of $9.45.

Prospect Capital (NASDAQ:PSEC) last released its earnings results on Wednesday, February 7th. The financial services provider reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The business had revenue of $162.40 million for the quarter, compared to analysts’ expectations of $153.94 million. Prospect Capital had a return on equity of 8.36% and a net margin of 31.02%. The firm’s revenue was down 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 earnings per share. analysts predict that Prospect Capital will post 0.74 EPS for the current year.

In related news, insider John F. Barry acquired 467,178 shares of Prospect Capital stock in a transaction dated Friday, February 9th. The shares were purchased at an average cost of $6.73 per share, with a total value of $3,144,107.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John F. Barry acquired 48,117 shares of Prospect Capital stock in a transaction dated Thursday, February 22nd. The shares were bought at an average cost of $6.70 per share, for a total transaction of $322,383.90. Following the completion of the purchase, the insider now directly owns 33,671,688 shares of the company’s stock, valued at approximately $225,600,309.60. The disclosure for this purchase can be found here. In the last three months, insiders purchased 954,870 shares of company stock worth $6,357,884. 7.10% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Sumitomo Mitsui Asset Management Company LTD bought a new position in shares of Prospect Capital during the fourth quarter valued at about $2,544,000. Virtu Financial LLC grew its stake in shares of Prospect Capital by 302.9% during the fourth quarter. Virtu Financial LLC now owns 294,330 shares of the financial services provider’s stock valued at $1,984,000 after buying an additional 221,274 shares during the last quarter. Eqis Capital Management Inc. grew its stake in shares of Prospect Capital by 266.2% during the fourth quarter. Eqis Capital Management Inc. now owns 438,826 shares of the financial services provider’s stock valued at $2,958,000 after buying an additional 319,001 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new position in shares of Prospect Capital during the fourth quarter valued at about $130,000. Finally, Aperio Group LLC grew its stake in shares of Prospect Capital by 51.6% during the fourth quarter. Aperio Group LLC now owns 62,741 shares of the financial services provider’s stock valued at $423,000 after buying an additional 21,357 shares during the last quarter. 14.08% of the stock is currently owned by hedge funds and other institutional investors.

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About Prospect Capital

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.

Analyst Recommendations for Prospect Capital (NASDAQ:PSEC)

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