Prospect Capital Co. (PSEC) Insider Buys $29,139.50 in Stock

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.

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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.

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

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.

Insider Buying and Selling by Quarter for Prospect Capital (NASDAQ:PSEC)

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