Prospect Capital Corporation (NASDAQ:PSEC) CEO John F. Barry acquired 368,756 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average price of $6.82 per share, with a total value of $2,514,915.92. Following the completion of the acquisition, the chief executive officer now directly owns 29,316,954 shares of the company’s stock, valued at $199,941,626.28. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
Prospect Capital Corporation (NASDAQ PSEC) traded up $0.13 during trading on Thursday, reaching $6.85. The company’s stock had a trading volume of 1,590,000 shares, compared to its average volume of 2,920,000. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.78. Prospect Capital Corporation has a 1-year low of $5.51 and a 1-year high of $9.58. The stock has a market cap of $2,470.00, a price-to-earnings ratio of 13.43 and a beta of 0.56.
Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The company had revenue of $158.58 million during the quarter, compared to analysts’ expectations of $161.00 million. Prospect Capital had a return on equity of 8.63% and a net margin of 27.00%. The company’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 EPS. sell-side analysts forecast that Prospect Capital Corporation will post 0.72 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on PSEC. Zacks Investment Research upgraded Prospect Capital from a “sell” rating to a “hold” rating in a research note on Thursday. TheStreet lowered Prospect Capital from a “b-” rating to a “c+” rating in a research note on Wednesday, September 27th. BidaskClub lowered Prospect Capital from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. BMO Capital Markets reiterated a “hold” rating and issued a $7.00 target price on shares of Prospect Capital in a research report on Monday. Finally, ValuEngine upgraded Prospect Capital from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $6.50.
Several hedge funds have recently made changes to their positions in PSEC. Trexquant Investment LP acquired a new position in shares of Prospect Capital during the 3rd quarter worth approximately $108,000. Jane Street Group LLC acquired a new position in shares of Prospect Capital during the 3rd quarter worth approximately $127,000. Regal Investment Advisors LLC raised its stake in shares of Prospect Capital by 19.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 16,819 shares of the financial services provider’s stock worth $137,000 after buying an additional 2,720 shares during the period. Advisory Services Network LLC raised its stake in shares of Prospect Capital by 0.6% during the 2nd quarter. Advisory Services Network LLC now owns 17,741 shares of the financial services provider’s stock worth $144,000 after buying an additional 105 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Prospect Capital by 8.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 19,659 shares of the financial services provider’s stock worth $160,000 after buying an additional 1,507 shares during the period. 15.60% of the stock is owned by institutional investors and hedge funds.
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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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