Prospect Capital Corporation (NASDAQ:PSEC) has been assigned a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $6.17.
A number of analysts have weighed in on PSEC shares. BidaskClub upgraded Prospect Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. ValuEngine upgraded Prospect Capital from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. TheStreet cut Prospect Capital from a “b-” rating to a “c+” rating in a research report on Wednesday, September 27th. National Securities lowered their price target on Prospect Capital from $6.00 to $5.00 and set a “sell” rating on the stock in a research report on Thursday, October 12th. Finally, Zacks Investment Research upgraded Prospect Capital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 1st.
Prospect Capital (PSEC) opened at $6.91 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.63 and a quick ratio of 2.63. The company has a market capitalization of $2,490.00, a price-to-earnings ratio of 13.55 and a beta of 0.56. Prospect Capital has a 12 month low of $5.51 and a 12 month high of $9.58.
Prospect Capital (NASDAQ:PSEC) last issued its earnings results on Wednesday, November 8th. The financial services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $158.58 million during the quarter, compared to analyst estimates of $161.00 million. Prospect Capital had a net margin of 27.00% and a return on equity of 8.63%. The business’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. research analysts predict that Prospect Capital 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. Shareholders of record on Wednesday, January 31st will be given a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 10.42%. The ex-dividend date is Tuesday, January 30th. Prospect Capital’s dividend payout ratio (DPR) is 141.18%.
In other Prospect Capital news, CFO Brian H. Oswald bought 35,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $5.75 per share, for a total transaction of $201,250.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider M Grier Eliasek bought 65,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $5.96 per share, for a total transaction of $387,400.00. Following the acquisition, the insider now directly owns 1,002,196 shares of the company’s stock, valued at approximately $5,973,088.16. The disclosure for this purchase can be found here. Insiders acquired 4,604,521 shares of company stock worth $31,784,051 over the last quarter. Company insiders own 7.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in shares of 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 grew its holdings in shares of 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. grew its holdings in shares of 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 grew its holdings in shares of 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. grew its holdings in shares of 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. 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.
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