Prospect Capital Co. (NASDAQ:PSEC) COO M Grier Eliasek Buys 5,000 Shares

Prospect Capital Co. (NASDAQ:PSEC) COO M Grier Eliasek acquired 5,000 shares of Prospect Capital stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average price of $4.46 per share, for a total transaction of $22,300.00. Following the completion of the acquisition, the chief operating officer now owns 1,681,130 shares in the company, valued at $7,497,839.80. This trade represents a 0.30 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Prospect Capital Price Performance

Shares of Prospect Capital stock opened at $4.59 on Thursday. The business has a 50-day moving average of $5.13 and a 200 day moving average of $5.31. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.48 and a current ratio of 0.48. Prospect Capital Co. has a 12 month low of $4.15 and a 12 month high of $6.30.

Prospect Capital (NASDAQ:PSEC) last released its earnings results on Friday, November 8th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $196.31 million for the quarter. Prospect Capital had a negative net margin of 2.23% and a positive return on equity of 12.19%.

Prospect Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be paid a dividend of $0.045 per share. The ex-dividend date is Wednesday, January 29th. This represents a $0.54 annualized dividend and a yield of 11.76%. Prospect Capital’s payout ratio is -276.92%.

Analyst Upgrades and Downgrades

PSEC has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of Prospect Capital from $5.00 to $4.50 and set an “underweight” rating on the stock in a research note on Friday, August 30th. StockNews.com lowered Prospect Capital from a “hold” rating to a “sell” rating in a research report on Friday, August 30th.

Institutional Investors Weigh In On Prospect Capital

A number of hedge funds have recently bought and sold shares of PSEC. Sheaff Brock Investment Advisors LLC grew its position in shares of Prospect Capital by 7.4% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 29,260 shares of the financial services provider’s stock worth $157,000 after buying an additional 2,010 shares in the last quarter. Strategies Wealth Advisors LLC raised its holdings in shares of Prospect Capital by 7.2% in the 3rd quarter. Strategies Wealth Advisors LLC now owns 33,957 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 2,277 shares in the last quarter. Moloney Securities Asset Management LLC grew its stake in shares of Prospect Capital by 4.7% during the second quarter. Moloney Securities Asset Management LLC now owns 63,802 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 2,875 shares in the last quarter. IFG Advisory LLC increased its holdings in Prospect Capital by 9.0% in the second quarter. IFG Advisory LLC now owns 36,195 shares of the financial services provider’s stock valued at $200,000 after buying an additional 3,000 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in Prospect Capital by 34.9% in the third quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider’s stock valued at $76,000 after buying an additional 3,686 shares in the last quarter. Institutional investors and hedge funds own 9.06% of the company’s stock.

Prospect Capital Company Profile

Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions.