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.
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.
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.
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