Prospect Capital Corp. (NASDAQ:PSEC) CFO Brian H. Oswald purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was bought at an average cost of $7.85 per share, for a total transaction of $31,400.00. Following the completion of the purchase, the chief financial officer now directly owns 480,000 shares in the company, valued at approximately $3,768,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Prospect Capital Corp. (NASDAQ:PSEC) opened at 8.12 on Wednesday. Prospect Capital Corp. has a one year low of $5.21 and a one year high of $8.68. The stock’s 50 day moving average is $8.32 and its 200-day moving average is $7.77. The firm has a market cap of $2.90 billion, a P/E ratio of 28.00 and a beta of 0.62.

Prospect Capital Corp. (NASDAQ:PSEC) last issued its earnings results on Monday, August 29th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. Prospect Capital Corp. had a net margin of 13.05% and a return on equity of 10.47%. The company had revenue of $193.04 million for the quarter. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Analysts anticipate that Prospect Capital Corp. will post $0.99 EPS for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Friday, September 30th will be given a dividend of $0.0833 per share. The ex-dividend date is Wednesday, September 28th. This represents a $1.00 annualized dividend and a yield of 12.31%. Prospect Capital Corp.’s payout ratio is currently 344.83%.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC bought a new position in shares of Prospect Capital Corp. during the second quarter valued at $102,000. Paragon Capital Management Ltd raised its position in shares of Prospect Capital Corp. by 25.9% in the second quarter. Paragon Capital Management Ltd now owns 13,410 shares of the company’s stock valued at $105,000 after buying an additional 2,759 shares during the last quarter. Blair William & Co. IL raised its position in shares of Prospect Capital Corp. by 28.7% in the second quarter. Blair William & Co. IL now owns 13,450 shares of the company’s stock valued at $105,000 after buying an additional 3,000 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Prospect Capital Corp. by 25.3% in the second quarter. Stratos Wealth Partners LTD. now owns 14,457 shares of the company’s stock valued at $113,000 after buying an additional 2,919 shares during the last quarter. Finally, Partnervest Advisory Services LLC raised its position in shares of Prospect Capital Corp. by 2.7% in the second quarter. Partnervest Advisory Services LLC now owns 14,710 shares of the company’s stock valued at $115,000 after buying an additional 383 shares during the last quarter. Institutional investors own 11.00% of the company’s stock.

PSEC has been the topic of a number of research reports. Vetr raised shares of Prospect Capital Corp. from a “hold” rating to a “buy” rating and set a $8.29 price target on the stock in a research note on Tuesday, September 13th. FBR & Co reissued an “outperform” rating and issued a $10.00 target price (up from $9.00) on shares of Prospect Capital Corp. in a research note on Wednesday, August 31st. Zacks Investment Research lowered shares of Prospect Capital Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. National Securities lowered shares of Prospect Capital Corp. from a “neutral” rating to a “sell” rating and set a $7.00 target price on the stock. in a research note on Tuesday, July 19th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $7.00 target price on shares of Prospect Capital Corp. in a research note on Thursday, September 1st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Prospect Capital Corp. currently has an average rating of “Hold” and an average target price of $7.60.

About Prospect Capital Corp.

Prospect Capital Corporation is a financial services company. The Company is a non-diversified closed-end investment company. The Company’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes.

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