Prospect Capital (PSEC) to Release Earnings on Thursday

Prospect Capital (NASDAQ:PSEC - Get Free Report) is anticipated to release its earnings data 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. Persons that wish to register for the company's earnings conference call can do so using this link.

Prospect Capital (NASDAQ:PSEC - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The financial services provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. Prospect Capital had a negative net margin of 2.23% and a positive return on equity of 12.19%. The business had revenue of $196.31 million during the quarter.

Prospect Capital Stock Performance

Shares of NASDAQ:PSEC traded up $0.01 on Wednesday, reaching $4.24. 2,284,623 shares of the company's stock were exchanged, compared to its average volume of 2,499,049. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.65. Prospect Capital has a twelve month low of $4.09 and a twelve month high of $5.86. The company has a fifty day moving average of $4.36 and a 200-day moving average of $4.86. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -16.31 and a beta of 0.99.

Wall Street Analysts Forecast Growth

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

Insider Activity at Prospect Capital

In other Prospect Capital news, CEO John F. Barry bought 2,000,000 shares of the business's stock in a transaction on Tuesday, December 24th. The stock was purchased at an average cost of $4.29 per share, for a total transaction of $8,580,000.00. Following the completion of the purchase, the chief executive officer now directly owns 79,477,549 shares of the company's stock, valued at approximately $340,958,685.21. This trade represents a 2.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO M Grier Eliasek purchased 210,000 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was acquired at an average price of $4.81 per share, for a total transaction of $1,010,100.00. Following the purchase, the chief operating officer now owns 2,131,130 shares in the company, valued at approximately $10,250,735.30. The trade was a 10.93 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 5,273,173 shares of company stock valued at $23,701,420 over the last quarter. 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.