M Grier Eliasek Acquires 5,000 Shares of Prospect Capital Co. (NASDAQ:PSEC) Stock

Prospect Capital Co. (NASDAQ:PSEC) COO M Grier Eliasek purchased 5,000 shares of Prospect Capital stock in a transaction on Wednesday, November 20th. The stock was bought at an average cost of $4.65 per share, for a total transaction of $23,250.00. Following the transaction, the chief operating officer now directly owns 1,691,130 shares in the company, valued at $7,863,754.50. This represents a 0.30 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, November 18th, M Grier Eliasek bought 5,000 shares of Prospect Capital stock. The shares were purchased at an average price of $4.46 per share, for a total transaction of $22,300.00.

Prospect Capital Trading Up 3.9 %

Shares of Prospect Capital stock opened at $4.83 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.48 and a current ratio of 0.48. The company has a market capitalization of $2.11 billion, a P/E ratio of -18.58 and a beta of 1.00. Prospect Capital Co. has a 1 year low of $4.15 and a 1 year high of $6.30. The company’s fifty day moving average is $5.10 and its two-hundred day moving average is $5.30.

Prospect Capital (NASDAQ:PSEC) last released its earnings results on Friday, November 8th. The financial services provider reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The company had revenue of $196.31 million during 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 company also recently declared a monthly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be given a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 11.18%. The ex-dividend date is Wednesday, January 29th. Prospect Capital’s dividend payout ratio is currently -276.92%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Prospect Capital

Several institutional investors and hedge funds have recently made changes to their positions in the business. Y.D. More Investments Ltd raised its position in Prospect Capital by 303.6% during the second quarter. Y.D. More Investments Ltd now owns 5,062,879 shares of the financial services provider’s stock worth $29,064,000 after acquiring an additional 3,808,560 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Prospect Capital by 23.3% during the 3rd quarter. Van ECK Associates Corp now owns 8,938,863 shares of the financial services provider’s stock worth $47,376,000 after purchasing an additional 1,690,290 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Prospect Capital by 344.0% in the 3rd quarter. International Assets Investment Management LLC now owns 933,083 shares of the financial services provider’s stock valued at $4,992,000 after buying an additional 722,925 shares in the last quarter. XML Financial LLC increased its position in Prospect Capital by 29.1% during the first quarter. XML Financial LLC now owns 1,712,938 shares of the financial services provider’s stock worth $9,455,000 after buying an additional 386,266 shares in the last quarter. Finally, TrueMark Investments LLC acquired a new position in shares of Prospect Capital in the second quarter worth $2,107,000. 9.06% of the stock is currently owned by hedge funds and other institutional investors.

About Prospect Capital

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.