Prospect Capital Co. (PSEC) CEO John F. Barry Acquires 63,295 Shares

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry acquired 63,295 shares of Prospect Capital stock in a transaction that occurred on Monday, March 19th. The stock was acquired at an average cost of $6.50 per share, with a total value of $411,417.50. Following the completion of the purchase, the chief executive officer now owns 34,351,066 shares in the company, valued at approximately $223,281,929. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of PSEC stock opened at $6.61 on Friday. Prospect Capital Co. has a one year low of $5.51 and a one year high of $9.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 4.32 and a current ratio of 4.32. The firm has a market capitalization of $2,443.93, a PE ratio of 8.78 and a beta of 0.42.

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Prospect Capital (NASDAQ:PSEC) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. Prospect Capital had a return on equity of 8.36% and a net margin of 31.02%. The company had revenue of $162.40 million during the quarter, compared to the consensus estimate of $153.94 million. During the same period last year, the business earned $0.28 EPS. The business’s quarterly revenue was down 11.5% on a year-over-year basis. equities research analysts anticipate that Prospect Capital Co. will post 0.74 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Friday, March 30th will be paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.89%. The ex-dividend date of this dividend is Wednesday, March 28th. Prospect Capital’s dividend payout ratio (DPR) is presently 128.57%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Wesbanco Bank Inc. purchased a new stake in shares of Prospect Capital during the 4th quarter worth about $107,000. Trexquant Investment LP purchased a new stake in shares of Prospect Capital during the 3rd quarter worth about $108,000. Kovack Advisors Inc. purchased a new stake in shares of Prospect Capital during the 4th quarter worth about $111,000. Jane Street Group LLC purchased a new stake in shares of Prospect Capital during the 3rd quarter worth about $127,000. Finally, Prime Capital Investment Advisors LLC purchased a new stake in shares of Prospect Capital during the 4th quarter worth about $130,000. 14.17% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Prospect Capital from a “sell” rating to a “hold” rating and set a $7.75 price objective for the company in a research note on Thursday, January 11th. BMO Capital Markets reissued a “hold” rating and issued a $7.00 price objective on shares of Prospect Capital in a research note on Monday, January 8th. BidaskClub raised Prospect Capital from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. ValuEngine raised Prospect Capital from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Finally, National Securities reissued a “sell” rating and issued a $4.00 price objective on shares of Prospect Capital in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a strong buy rating to the company’s stock. Prospect Capital currently has an average rating of “Hold” and a consensus price target of $6.81.

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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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