Prospect Capital Co. (NASDAQ:PSEC) insider John F. Barry purchased 48,117 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was acquired at an average cost of $6.70 per share, for a total transaction of $322,383.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Prospect Capital Co. (NASDAQ:PSEC) traded up $0.02 during midday trading on Monday, hitting $6.72. The stock had a trading volume of 1,650,000 shares, compared to its average volume of 2,330,000. The firm has a market cap of $2,420.00, a price-to-earnings ratio of 11.79 and a beta of 0.48. Prospect Capital Co. has a fifty-two week low of $5.51 and a fifty-two week high of $9.49. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.73.
Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. The business had revenue of $162.40 million for the quarter, compared to analyst estimates of $153.94 million. Prospect Capital had a return on equity of 8.36% and a net margin of 31.02%. The company’s revenue was down 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. equities analysts expect that Prospect Capital Co. will post 0.74 earnings per share for the current fiscal year.
A number of analysts have issued reports on the company. National Securities reissued a “sell” rating and issued a $4.00 price target on shares of Prospect Capital in a research note on Monday, February 12th. BidaskClub raised Prospect Capital from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. ValuEngine lowered Prospect Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Prospect Capital from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Prospect Capital in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $6.81.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSEC. Two Sigma Investments LP lifted its stake in shares of Prospect Capital by 3,302.2% in the 4th quarter. Two Sigma Investments LP now owns 1,658,719 shares of the financial services provider’s stock valued at $11,180,000 after purchasing an additional 1,609,964 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new stake in shares of Prospect Capital during the 4th quarter valued at about $4,508,000. Penn Mutual Life Insurance Co purchased a new stake in shares of Prospect Capital during the 3rd quarter valued at about $3,992,000. Millennium Management LLC purchased a new stake in shares of Prospect Capital during the 4th quarter valued at about $3,566,000. Finally, Cowen Inc. raised its holdings in shares of Prospect Capital by 200.0% during the 3rd quarter. Cowen Inc. now owns 248,000 shares of the financial services provider’s stock valued at $1,667,000 after buying an additional 496,000 shares during the period. 14.33% of the stock is currently owned by institutional investors and hedge funds.
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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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