Brian H. Oswald Purchases 35,000 Shares of Prospect Capital Corporation (PSEC) Stock

Prospect Capital Corporation (NASDAQ:PSEC) CFO Brian H. Oswald purchased 35,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $5.75 per share, for a total transaction of $201,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Prospect Capital Corporation (PSEC) traded up $0.06 on Tuesday, reaching $6.02. The company had a trading volume of 5,785,200 shares, compared to its average volume of 2,712,867. Prospect Capital Corporation has a 12-month low of $5.51 and a 12-month high of $9.58. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.78. The firm has a market cap of $2,250.00, a PE ratio of 7.36 and a beta of 0.51.

Prospect Capital Corporation (NASDAQ:PSEC) last posted its earnings results on Wednesday, November 8th. The financial services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). Prospect Capital Corporation had a net margin of 27.00% and a return on equity of 8.63%. The business had revenue of $158.58 million during the quarter, compared to analyst estimates of $161.00 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The firm’s revenue was down 11.8% compared to the same quarter last year. equities analysts predict that Prospect Capital Corporation will post 0.74 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 11.96%. The ex-dividend date of this dividend is Tuesday, January 30th. Prospect Capital Corporation’s dividend payout ratio is currently 141.18%.

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A number of brokerages have recently weighed in on PSEC. Zacks Investment Research upgraded Prospect Capital Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. BidaskClub cut Prospect Capital Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. National Securities dropped their price target on Prospect Capital Corporation from $7.00 to $6.00 and set a “sell” rating on the stock in a research report on Wednesday, August 30th. Raymond James Financial, Inc. upgraded Prospect Capital Corporation from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. Finally, UBS AG upgraded Prospect Capital Corporation from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $6.17.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Americafirst Capital Management LLC acquired a new stake in Prospect Capital Corporation in the 2nd quarter valued at approximately $378,000. Legal & General Group Plc boosted its stake in Prospect Capital Corporation by 13.2% during the 2nd quarter. Legal & General Group Plc now owns 963,173 shares of the financial services provider’s stock valued at $7,816,000 after purchasing an additional 112,354 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Prospect Capital Corporation during the 2nd quarter valued at $7,697,000. Wedbush Securities Inc. boosted its stake in Prospect Capital Corporation by 5.0% during the 2nd quarter. Wedbush Securities Inc. now owns 90,228 shares of the financial services provider’s stock valued at $733,000 after purchasing an additional 4,259 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Prospect Capital Corporation by 2.7% during the 2nd quarter. California Public Employees Retirement System now owns 767,000 shares of the financial services provider’s stock valued at $6,228,000 after purchasing an additional 20,100 shares in the last quarter. Hedge funds and other institutional investors own 15.07% of the company’s stock.

Prospect Capital Corporation 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 Corporation (NASDAQ:PSEC)

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