Prospect Capital (PSEC) Projected to Post Quarterly Earnings on Thursday

Prospect Capital (NASDAQ:PSEC - Get Free Report) is expected to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect Prospect Capital to post earnings of $0.16 per share and revenue of $189.67 million for the quarter.

Prospect Capital (NASDAQ:PSEC - Get Free Report) last announced its earnings results on Friday, November 8th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The company 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 Stock Up 1.6 %

Shares of PSEC stock traded up $0.07 on Thursday, hitting $4.32. The stock had a trading volume of 3,245,861 shares, compared to its average volume of 2,405,228. 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 has a market cap of $1.88 billion, a price-to-earnings ratio of -16.62 and a beta of 0.99. Prospect Capital has a 12-month low of $4.09 and a 12-month high of $6.04. The business has a 50 day moving average of $4.41 and a 200 day moving average of $4.91.

Prospect Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be issued a dividend of $0.045 per share. 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 12.50%. Prospect Capital's dividend payout ratio (DPR) is currently -207.69%.

Insider Buying and Selling at Prospect Capital

In other Prospect Capital news, CEO John F. Barry acquired 205,900 shares of the business's stock in a transaction dated Friday, November 15th. The stock was bought at an average price of $4.40 per share, with a total value of $905,960.00. Following the purchase, the chief executive officer now owns 72,612,839 shares of the company's stock, valued at approximately $319,496,491.60. This trade represents a 0.28 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO M Grier Eliasek acquired 210,000 shares of the company's stock in a transaction dated Friday, November 29th. The shares were bought at an average cost of $4.81 per share, with a total value of $1,010,100.00. Following the purchase, the chief operating officer now owns 2,131,130 shares of the company's stock, valued at approximately $10,250,735.30. This trade represents a 10.93 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 5,273,173 shares of company stock valued at $23,701,420 in the last 90 days. 27.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.