News headlines about Prospect Capital Corporation (NASDAQ:PSEC) have trended somewhat positive on Saturday, Accern reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Prospect Capital Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.2249237817393 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Prospect Capital Corp.: All-In? – Seeking Alpha (seekingalpha.com)
- Comparing StoneCastle Financial Corp (BANX) and Prospect Capital Corporation (PSEC) (americanbankingnews.com)
- Prospect Capital Schedules First Quarter Earnings Release and Conference Call – GlobeNewswire (press release) (globenewswire.com)
- Prospect Capital: Unsafe At Any Price – Seeking Alpha (seekingalpha.com)
Shares of Prospect Capital Corporation (PSEC) traded up $0.09 during mid-day trading on Friday, hitting $5.65. The company’s stock had a trading volume of 4,220,000 shares, compared to its average volume of 3,620,131. The firm has a market cap of $2,035.75, a P/E ratio of 6.65 and a beta of 0.51. Prospect Capital Corporation has a 52-week low of $5.51 and a 52-week high of $9.58. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.90 and a current ratio of 1.90.
Prospect Capital Corporation (NASDAQ:PSEC) last issued its earnings results on Monday, August 28th. The financial services provider reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). The business had revenue of $166.70 million during the quarter, compared to analyst estimates of $177.21 million. Prospect Capital Corporation had a net margin of 36.08% and a return on equity of 8.98%. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 EPS. analysts expect that Prospect Capital Corporation will post 0.76 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Tuesday, October 31st will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 12.74%. The ex-dividend date of this dividend is Monday, October 30th. Prospect Capital Corporation’s dividend payout ratio is presently 102.86%.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Prospect Capital Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday. National Securities lowered their target price on Prospect Capital Corporation from $6.00 to $5.00 and set a “sell” rating on the stock in a research note on Thursday, October 12th. TheStreet lowered Prospect Capital Corporation from a “b-” rating to a “c+” rating in a research note on Wednesday, September 27th. Raymond James Financial, Inc. upgraded Prospect Capital Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 30th. Finally, UBS AG upgraded Prospect Capital Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $6.83.
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In other Prospect Capital Corporation news, CFO Brian H. Oswald bought 50,000 shares of Prospect Capital Corporation stock in a transaction on Friday, September 1st. The shares were purchased at an average price of $6.73 per share, with a total value of $336,500.00. Following the acquisition, the chief financial officer now owns 493,373 shares in the company, valued at approximately $3,320,400.29. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 7.10% of the company’s stock.
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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