News stories about Prospect Capital (NASDAQ:PSEC) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Prospect Capital earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.0945366045973 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- BMO Capital Markets Reaffirms Hold Rating for Prospect Capital (PSEC) (americanbankingnews.com)
- Prospect Capital Sticking to Convertibles for 2018 Fund Raising (finance.yahoo.com)
- What to Expect for Prospect Capital’s Yield Expansion in 2018 (finance.yahoo.com)
- Can Prospect Capital Increase Its Originations in 2018? (finance.yahoo.com)
- Prospect Capital: Could Yields Stabilize or Rise in 2018? (finance.yahoo.com)
Shares of Prospect Capital (NASDAQ:PSEC) opened at $6.87 on Tuesday. Prospect Capital has a 12 month low of $5.51 and a 12 month high of $9.58. The firm has a market cap of $2,480.00, a PE ratio of 13.47 and a beta of 0.56. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.78.
Prospect Capital (NASDAQ:PSEC) last announced its earnings results on Wednesday, November 8th. The financial services provider reported $0.18 earnings per share 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 business had revenue of $158.58 million for the quarter, compared to analyst estimates of $161.00 million. During the same quarter last year, the company posted $0.22 EPS. Prospect Capital’s quarterly revenue was down 11.8% on a year-over-year basis. research analysts expect that Prospect Capital will post 0.72 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.72 annualized dividend and a dividend yield of 10.48%. Prospect Capital’s dividend payout ratio (DPR) is 141.18%.
PSEC has been the topic of several research reports. National Securities dropped their price objective on Prospect Capital from $6.00 to $5.00 and set a “sell” rating on the stock in a report on Thursday, October 12th. Zacks Investment Research lowered Prospect Capital from a “hold” rating to a “sell” rating in a report on Saturday, November 11th. ValuEngine raised Prospect Capital from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. BidaskClub raised Prospect Capital from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Finally, BMO Capital Markets dropped their price objective on Prospect Capital from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $6.50.
In other Prospect Capital news, insider M Grier Eliasek bought 65,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was acquired at an average price of $5.65 per share, for a total transaction of $367,250.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John F. Barry bought 11,445 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were acquired at an average price of $6.80 per share, with a total value of $77,826.00. Following the purchase, the insider now directly owns 26,720,116 shares of the company’s stock, valued at approximately $181,696,788.80. The disclosure for this purchase can be found here. Insiders have bought 4,604,521 shares of company stock valued at $31,784,051 in the last quarter. Insiders own 7.10% of the company’s stock.
About Prospect Capital
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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