Prospect Capital Co. (NASDAQ:PSEC) insider John F. Barry acquired 4,483 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were purchased at an average cost of $6.50 per share, with a total value of $29,139.50. Following the transaction, the insider now directly owns 34,413,790 shares of the company’s stock, valued at $223,689,635. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Prospect Capital Co. (NASDAQ:PSEC) opened at $6.61 on Monday. Prospect Capital Co. has a 52-week low of $5.51 and a 52-week 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 cap of $2,389.70, a PE ratio of 8.58 and a beta of 0.42.
Prospect Capital (NASDAQ:PSEC) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The firm had revenue of $162.40 million during the quarter, compared to the consensus estimate of $153.94 million. Prospect Capital had a return on equity of 8.36% and a net margin of 31.02%. The business’s quarterly revenue was down 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 earnings per share. analysts expect that Prospect Capital Co. will post 0.74 EPS for the current fiscal year.
Several research firms recently weighed in on PSEC. BidaskClub raised shares of Prospect Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. ValuEngine raised shares of Prospect Capital from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. National Securities reaffirmed a “sell” rating and set a $4.00 price objective on shares of Prospect Capital in a research report on Monday, February 12th. Zacks Investment Research cut shares of Prospect Capital from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $7.00 price objective on shares of Prospect Capital in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.81.
Hedge funds and other institutional investors have recently modified their holdings of the business. Sumitomo Mitsui Asset Management Company LTD acquired a new position in Prospect Capital during the fourth quarter worth about $2,544,000. Virtu Financial LLC raised its stake in Prospect Capital by 302.9% during the fourth quarter. Virtu Financial LLC now owns 294,330 shares of the financial services provider’s stock worth $1,984,000 after acquiring an additional 221,274 shares in the last quarter. Eqis Capital Management Inc. raised its stake in Prospect Capital by 266.2% during the fourth quarter. Eqis Capital Management Inc. now owns 438,826 shares of the financial services provider’s stock worth $2,958,000 after acquiring an additional 319,001 shares in the last quarter. GSA Capital Partners LLP raised its stake in Prospect Capital by 277.0% during the third quarter. GSA Capital Partners LLP now owns 149,438 shares of the financial services provider’s stock worth $1,004,000 after acquiring an additional 109,803 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Prospect Capital by 5.4% during the third quarter. California Public Employees Retirement System now owns 808,100 shares of the financial services provider’s stock worth $5,430,000 after acquiring an additional 41,100 shares in the last quarter. 14.18% of the stock is owned by hedge funds and other institutional investors.
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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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