Prospect Capital Corporation (PSEC) Insider Purchases $7,166,019.00 in Stock

Prospect Capital Corporation (NASDAQ:PSEC) insider John F. Barry acquired 993,900 shares of Prospect Capital stock in a transaction that occurred on Friday, December 22nd. The shares were purchased at an average cost of $7.21 per share, for a total transaction of $7,166,019.00. Following the purchase, the insider now directly owns 32,187,564 shares of the company’s stock, valued at approximately $232,072,336.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Prospect Capital Corporation (NASDAQ PSEC) opened at $6.74 on Friday. 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 0.78, a quick ratio of 2.63 and a current ratio of 2.63. The company has a market cap of $2,504.74, a P/E ratio of 13.48 and a beta of 0.56.

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

The business also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 10.68%. The ex-dividend date of this dividend is Tuesday, January 30th. Prospect Capital’s dividend payout ratio (DPR) is 144.00%.

A number of hedge funds have recently modified their holdings of the stock. Rhumbline Advisers increased its position in Prospect Capital by 0.3% during the second quarter. Rhumbline Advisers now owns 26,791 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 70 shares during the last quarter. Advisory Services Network LLC increased its position 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 purchasing an additional 105 shares during the last quarter. D.A. Davidson & CO. increased its position in Prospect Capital by 1.3% during the second quarter. D.A. Davidson & CO. now owns 57,013 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 753 shares during the last quarter. Green Square Capital LLC increased its position in Prospect Capital by 2.1% during the second quarter. Green Square Capital LLC now owns 43,685 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 908 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its position in Prospect Capital by 1.3% during the second quarter. Pinebridge Investments L.P. now owns 74,829 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 964 shares during the last quarter. 15.60% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the stock. National Securities reduced 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 raised shares of Prospect Capital from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of Prospect Capital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 1st. BMO Capital Markets reduced 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. Finally, TheStreet downgraded shares of Prospect Capital from a “b-” rating to a “c+” rating in a research note on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus 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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