Prospect Capital Corporation (PSEC) COO M Grier Eliasek Acquires 10,000 Shares

Prospect Capital Corporation (NASDAQ:PSEC) COO M Grier Eliasek purchased 10,000 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was purchased at an average price of $7.19 per share, for a total transaction of $71,900.00. Following the purchase, the chief operating officer now directly owns 1,202,196 shares of the company’s stock, valued at approximately $8,643,789.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, December 20th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The stock was purchased at an average price of $6.94 per share, for a total transaction of $69,400.00.
  • On Monday, December 18th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The stock was purchased at an average price of $6.92 per share, for a total transaction of $69,200.00.
  • On Friday, December 15th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The stock was purchased at an average price of $6.77 per share, for a total transaction of $67,700.00.
  • On Wednesday, December 13th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The stock was purchased at an average price of $6.82 per share, for a total transaction of $68,200.00.
  • On Monday, December 11th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The stock was purchased at an average price of $6.75 per share, for a total transaction of $67,500.00.
  • On Friday, December 8th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The shares were 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 acquired 10,000 shares of Prospect Capital stock. The shares were 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 acquired 10,000 shares of Prospect Capital stock. The shares were 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 acquired 10,000 shares of Prospect Capital stock. The shares were 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 acquired 10,000 shares of Prospect Capital stock. The shares were bought at an average price of $6.77 per share, for a total transaction of $67,700.00.

Shares of Prospect Capital Corporation (PSEC) traded down $0.02 during trading hours on Thursday, reaching $7.05. 2,424,000 shares of the company were exchanged, compared to its average volume of 2,856,499. The company has a market capitalization of $2,540.00, a PE ratio of 13.82 and a beta of 0.55. Prospect Capital Corporation has a 1 year low of $5.51 and a 1 year high of $9.58. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 0.78.

Prospect Capital (NASDAQ:PSEC) last issued its earnings results 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 business had revenue of $158.58 million for the quarter, compared to the consensus estimate of $161.00 million. Prospect Capital had a return on equity of 8.63% and a net margin of 27.00%. The company’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 earnings per share. research analysts predict that Prospect Capital Corporation will post 0.72 earnings per share for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 10.21%. The ex-dividend date of this dividend is Tuesday, January 30th. Prospect Capital’s payout ratio is 141.18%.

A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of Prospect Capital from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. National Securities lowered their price objective on shares of Prospect Capital from $5.00 to $4.00 and set a “sell” rating on the stock in a research note on Tuesday, November 14th. ValuEngine upgraded shares of Prospect Capital from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. 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. Finally, BMO Capital Markets lowered their price objective on shares of Prospect Capital from $7.00 to $6.00 and set a “market perform” rating on the stock in a research note on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.17.

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