Prospect Capital Co. (NASDAQ:PSEC - Get Free Report) COO M Grier Eliasek bought 5,000 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were bought at an average price of $4.72 per share, with a total value of $23,600.00. Following the transaction, the chief operating officer now directly owns 1,711,130 shares in the company, valued at $8,076,533.60. This trade represents a 0.29 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
M Grier Eliasek also recently made the following trade(s):
- On Friday, November 22nd, M Grier Eliasek bought 5,000 shares of Prospect Capital stock. The stock was purchased at an average cost of $4.72 per share, for a total transaction of $23,600.00.
- On Wednesday, November 20th, M Grier Eliasek purchased 5,000 shares of Prospect Capital stock. The shares were purchased at an average cost of $4.65 per share, with a total value of $23,250.00.
- On Monday, November 18th, M Grier Eliasek acquired 5,000 shares of Prospect Capital stock. The shares were purchased at an average cost of $4.46 per share, with a total value of $22,300.00.
Prospect Capital Price Performance
Shares of PSEC stock traded up $0.03 during trading hours on Friday, reaching $4.78. 1,634,615 shares of the company were exchanged, compared to its average volume of 2,378,896. Prospect Capital Co. has a fifty-two week low of $4.15 and a fifty-two week high of $6.30. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.48 and a quick ratio of 0.48. The stock's fifty day moving average is $5.03 and its two-hundred day moving average is $5.28. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -18.38 and a beta of 1.00.
Prospect Capital (NASDAQ:PSEC - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm had revenue of $196.31 million for the quarter. Prospect Capital had a positive return on equity of 12.19% and a negative net margin of 2.23%.
Prospect Capital Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be given a $0.045 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.54 dividend on an annualized basis and a yield of 11.30%. Prospect Capital's payout ratio is -207.69%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their price target on Prospect Capital from $5.00 to $4.50 and set an "underweight" rating on the stock in a research report on Friday, August 30th. StockNews.com lowered Prospect Capital from a "hold" rating to a "sell" rating in a research note on Friday, August 30th.
Check Out Our Latest Analysis on PSEC
Institutional Trading of Prospect Capital
Several institutional investors and hedge funds have recently added to or reduced their stakes in PSEC. Rothschild Investment LLC bought a new position in shares of Prospect Capital in the 2nd quarter worth $27,000. MWA Asset Management acquired a new position in shares of Prospect Capital during the 3rd quarter worth about $53,000. Global Assets Advisory LLC acquired a new stake in shares of Prospect Capital in the 3rd quarter valued at approximately $64,000. Family Wealth Partners LLC bought a new position in Prospect Capital during the 3rd quarter worth approximately $74,000. Finally, Captrust Financial Advisors grew its holdings in Prospect Capital by 34.9% during the third quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider's stock valued at $76,000 after purchasing an additional 3,686 shares during the period. 9.06% of the stock is owned by institutional investors.
About Prospect Capital
(
Get Free Report)
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.
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