Prospect Capital (NASDAQ:PSEC) Posts Earnings Results, Beats Expectations By $0.04 EPS

Prospect Capital (NASDAQ:PSEC - Get Free Report) released its quarterly earnings results on Monday. The financial services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04, Zacks reports. Prospect Capital had a positive return on equity of 12.19% and a negative net margin of 2.23%. During the same quarter in the previous year, the firm earned $0.24 earnings per share.

Prospect Capital Price Performance

NASDAQ:PSEC traded up $0.12 during trading hours on Tuesday, hitting $4.29. The company's stock had a trading volume of 5,425,997 shares, compared to its average volume of 2,563,139. The business's 50-day moving average is $4.33 and its two-hundred day moving average is $4.83. The company has a market capitalization of $1.87 billion, a PE ratio of -16.50 and a beta of 0.99. 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 has a 52-week low of $4.09 and a 52-week high of $5.86.

Prospect Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Monday, April 28th will be given a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 12.59%. The ex-dividend date is Monday, April 28th. Prospect Capital's payout ratio is -207.69%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Prospect Capital from a "sell" rating to a "hold" rating in a research note on Friday, December 6th.

Insiders Place Their Bets

In other Prospect Capital news, COO M Grier Eliasek acquired 210,000 shares of the business's stock in a transaction on Friday, November 29th. The stock was purchased at an average price of $4.81 per share, for a total transaction of $1,010,100.00. Following the completion of the transaction, the chief operating officer now owns 2,131,130 shares of the company's stock, valued at $10,250,735.30. The trade was a 10.93 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John F. Barry acquired 205,900 shares of the business's stock in a transaction on Friday, November 15th. The stock was acquired at an average price of $4.40 per share, with a total value of $905,960.00. Following the transaction, the chief executive officer now directly owns 72,612,839 shares of the company's stock, valued at $319,496,491.60. This represents a 0.28 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 5,273,173 shares of company stock worth $23,701,420. 27.10% of the stock is owned by corporate insiders.

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.