M Grier Eliasek Acquires 10,000 Shares of Prospect Capital Corporation (PSEC) Stock

Prospect Capital Corporation (NASDAQ:PSEC) insider M Grier Eliasek acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average price of $6.82 per share, with a total value of $68,200.00. Following the completion of the transaction, the insider now owns 1,132,196 shares of the company’s stock, valued at $7,721,576.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

M Grier Eliasek also recently made the following trade(s):

  • On Monday, December 11th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The stock was purchased at an average price of $6.75 per share, with a total value of $67,500.00.
  • On Friday, December 8th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The stock was purchased at an average price of $6.73 per share, with a total value of $67,300.00.
  • On Wednesday, December 6th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The stock was purchased at an average price of $6.69 per share, with a total value of $66,900.00.
  • On Monday, December 4th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The stock was purchased at an average price of $6.85 per share, with a total value of $68,500.00.
  • On Friday, December 1st, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The stock was purchased at an average price of $6.85 per share, with a total value of $68,500.00.
  • On Wednesday, November 29th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The stock was purchased at an average price of $6.77 per share, with a total value of $67,700.00.
  • On Monday, November 27th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The stock was purchased at an average price of $6.89 per share, with a total value of $68,900.00.
  • On Monday, November 13th, M Grier Eliasek acquired 65,000 shares of Prospect Capital stock. The stock was purchased at an average price of $5.96 per share, with a total value of $387,400.00.
  • On Friday, November 10th, M Grier Eliasek acquired 65,000 shares of Prospect Capital stock. The stock was purchased at an average price of $5.65 per share, with a total value of $367,250.00.

Shares of Prospect Capital Corporation (NASDAQ PSEC) traded up $0.02 on Friday, reaching $6.82. The company’s stock had a trading volume of 3,897,183 shares, compared to its average volume of 2,970,535. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.63 and a current ratio of 2.63. Prospect Capital Corporation has a 12-month low of $5.51 and a 12-month high of $9.58. The company has a market capitalization of $2,457.89, a PE ratio of 8.42 and a beta of 0.56.

Prospect Capital (NASDAQ:PSEC) last issued its earnings results on Wednesday, November 8th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). Prospect Capital had a return on equity of 8.63% and a net margin of 27.00%. The company had revenue of $158.58 million for the quarter, compared to the consensus estimate of $161.00 million. During the same quarter last year, the business posted $0.22 EPS. Prospect Capital’s quarterly revenue was down 11.8% on a year-over-year basis. equities analysts expect that Prospect Capital Corporation will post 0.72 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 10.56%. The ex-dividend date is Tuesday, January 30th. Prospect Capital’s dividend payout ratio (DPR) is currently 144.00%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP boosted its holdings 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 buying an additional 109,803 shares during the last quarter. Archford Capital Strategies LLC lifted its holdings in shares of Prospect Capital by 16.3% during the 3rd quarter. Archford Capital Strategies LLC now owns 68,399 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 9,569 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Prospect Capital by 5.4% during the 3rd quarter. California Public Employees Retirement System now owns 808,100 shares of the financial services provider’s stock valued at $5,430,000 after purchasing an additional 41,100 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Prospect Capital by 86.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 87,689 shares of the financial services provider’s stock valued at $589,000 after purchasing an additional 40,765 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Prospect Capital during the 3rd quarter valued at about $127,000. Hedge funds and other institutional investors own 15.72% of the company’s stock.

PSEC has been the subject of a number of research reports. UBS upgraded Prospect Capital from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. TheStreet lowered Prospect Capital from a “b-” rating to a “c+” rating in a research report on Wednesday, September 27th. Zacks Investment Research lowered Prospect Capital from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. BMO Capital Markets reduced their target price on Prospect Capital from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Friday, November 10th. Finally, Raymond James Financial upgraded Prospect Capital from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 30th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Prospect Capital presently has an average rating of “Hold” and an average target price of $6.17.

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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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