M Grier Eliasek Buys 10,000 Shares of Prospect Capital Corporation (PSEC) Stock

Prospect Capital Corporation (NASDAQ:PSEC) insider M Grier Eliasek bought 10,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was bought at an average price of $6.92 per share, for a total transaction of $69,200.00. Following the completion of the purchase, the insider now directly owns 1,162,196 shares of the company’s stock, valued at approximately $8,042,396.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

M Grier Eliasek also recently made the following trade(s):

  • On Friday, December 15th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was bought at an average price of $6.77 per share, for a total transaction of $67,700.00.
  • On Wednesday, December 13th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was bought at an average price of $6.82 per share, for a total transaction of $68,200.00.
  • On Monday, December 11th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was bought at an average price of $6.75 per share, for a total transaction of $67,500.00.
  • On Friday, December 8th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was bought at an average price of $6.73 per share, for a total transaction of $67,300.00.
  • On Wednesday, December 6th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was bought at an average price of $6.69 per share, for a total transaction of $66,900.00.
  • On Monday, December 4th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was bought at an average price of $6.85 per share, for a total transaction of $68,500.00.
  • On Friday, December 1st, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was bought at an average price of $6.85 per share, for a total transaction of $68,500.00.
  • On Wednesday, November 29th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was bought at an average price of $6.77 per share, for a total transaction of $67,700.00.
  • On Monday, November 27th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was bought at an average price of $6.89 per share, for a total transaction of $68,900.00.
  • On Monday, November 13th, M Grier Eliasek bought 65,000 shares of Prospect Capital stock. The stock was bought at an average price of $5.96 per share, for a total transaction of $387,400.00.

Shares of Prospect Capital Corporation (NASDAQ:PSEC) traded up $0.14 during midday trading on Friday, hitting $7.10. 4,263,500 shares of the company were exchanged, compared to its average volume of 2,847,344. Prospect Capital Corporation has a fifty-two week low of $5.51 and a fifty-two week high of $9.58. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $2,508.34, a PE ratio of 8.59 and a beta of 0.56.

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

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.14%. The ex-dividend date of this dividend is Tuesday, January 30th. Prospect Capital’s dividend payout ratio is currently 144.00%.

A number of institutional investors have recently modified their holdings of PSEC. Trexquant Investment LP bought a new stake in Prospect Capital in the third quarter worth about $108,000. Jane Street Group LLC bought a new stake in Prospect Capital in the third quarter worth about $127,000. Regal Investment Advisors LLC raised its position in Prospect Capital by 19.3% in the second quarter. Regal Investment Advisors LLC now owns 16,819 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 2,720 shares in the last quarter. Advisory Services Network LLC raised its position in Prospect Capital by 0.6% in the second quarter. Advisory Services Network LLC now owns 17,741 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 105 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Prospect Capital by 8.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 19,659 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 1,507 shares in the last quarter. Hedge funds and other institutional investors own 15.60% of the company’s stock.

A number of brokerages recently weighed in on PSEC. Raymond James Financial upgraded shares of Prospect Capital from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 30th. National Securities cut their price objective on shares of Prospect Capital from $7.00 to $6.00 and set a “sell” rating on the stock in a research note on Wednesday, August 30th. UBS upgraded shares of Prospect Capital from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 30th. ValuEngine upgraded shares of Prospect Capital from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, TheStreet cut shares of Prospect Capital from a “b-” rating to a “c+” rating in a research note on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $6.17.

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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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