Brokerages predict that Prospect Capital Co. (NASDAQ:PSEC) will report earnings per share of $0.24 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Prospect Capital’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.23. Prospect Capital also reported earnings per share of $0.24 in the same quarter last year. The firm is expected to announce its next quarterly earnings results on Tuesday, May 9th.
According to Zacks, analysts expect that Prospect Capital will report full-year earnings of $0.94 per share for the current financial year, with EPS estimates ranging from $0.92 to $0.95. For the next year, analysts forecast that the business will report earnings of $0.96 per share, with EPS estimates ranging from $0.92 to $1.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Prospect Capital.
Prospect Capital (NASDAQ:PSEC) last announced its quarterly earnings results on Wednesday, February 8th. The financial services provider reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. Prospect Capital had a return on equity of 9.96% and a net margin of 47.32%. The company earned $183.48 million during the quarter, compared to analysts’ expectations of $184.83 million. During the same period in the prior year, the company earned $0.28 EPS.
A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Prospect Capital from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Wednesday, April 12th. TheStreet upgraded shares of Prospect Capital from a “c+” rating to a “b” rating in a research report on Monday, February 13th. Finally, National Securities restated a “sell” rating and issued a $7.00 price objective on shares of Prospect Capital in a research report on Monday, February 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Prospect Capital currently has an average rating of “Hold” and a consensus price target of $7.96.
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In other Prospect Capital news, CFO Brian H. Oswald acquired 25,000 shares of the business’s stock in a transaction on Monday, March 20th. The shares were acquired at an average price of $9.31 per share, for a total transaction of $232,750.00. Following the completion of the acquisition, the chief financial officer now owns 475,000 shares in the company, valued at $4,422,250. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.60% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the company. Arete Wealth Advisors LLC boosted its stake in shares of Prospect Capital by 1.2% in the third quarter. Arete Wealth Advisors LLC now owns 20,850 shares of the financial services provider’s stock worth $169,000 after buying an additional 250 shares during the period. Green Square Capital LLC boosted its stake in shares of Prospect Capital by 3.0% in the third quarter. Green Square Capital LLC now owns 25,891 shares of the financial services provider’s stock worth $212,000 after buying an additional 766 shares during the period. First Allied Advisory Services Inc. boosted its stake in shares of Prospect Capital by 0.9% in the fourth quarter. First Allied Advisory Services Inc. now owns 89,847 shares of the financial services provider’s stock worth $750,000 after buying an additional 781 shares during the period. Regal Investment Advisors LLC boosted its stake in shares of Prospect Capital by 3.9% in the third quarter. Regal Investment Advisors LLC now owns 27,045 shares of the financial services provider’s stock worth $219,000 after buying an additional 1,007 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of Prospect Capital by 3.8% in the third quarter. Oppenheimer & Co. Inc. now owns 61,997 shares of the financial services provider’s stock worth $502,000 after buying an additional 2,270 shares during the period. Institutional investors and hedge funds own 13.23% of the company’s stock.
Shares of Prospect Capital (NASDAQ:PSEC) traded up 0.32% on Tuesday, hitting $9.37. The stock had a trading volume of 2,283,714 shares. The firm has a 50-day moving average of $9.15 and a 200 day moving average of $8.56. The company has a market capitalization of $3.37 billion, a PE ratio of 9.48 and a beta of 0.43. Prospect Capital has a 1-year low of $7.07 and a 1-year high of $9.58.
The business also recently declared a monthly dividend, which was paid on Thursday, April 20th. Investors of record on Friday, March 31st were given a dividend of $0.0833 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.67%. The ex-dividend date was Wednesday, March 29th. Prospect Capital’s dividend payout ratio is currently 101.01%.
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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