Prospect Capital Corporation (NASDAQ:PSEC) CFO Brian H. Oswald bought 35,000 shares of the stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $5.75 per share, with a total value of $201,250.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Prospect Capital Corporation (NASDAQ PSEC) opened at $6.65 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.63 and a current ratio of 2.63. Prospect Capital Corporation has a 52 week low of $5.51 and a 52 week high of $9.58. The company has a market capitalization of $2,299.32, a price-to-earnings ratio of 7.88 and a beta of 0.51.

Prospect Capital Corporation (NASDAQ:PSEC) last announced its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Prospect Capital Corporation had a return on equity of 8.63% and a net margin of 27.00%. The company had revenue of $158.58 million for the quarter, compared to analyst estimates of $161.00 million. During the same period last year, the firm earned $0.22 earnings per share. The firm’s revenue for the quarter was down 11.8% on a year-over-year basis. analysts anticipate that Prospect Capital Corporation will post 0.72 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.83%. Prospect Capital Corporation’s dividend payout ratio (DPR) is presently 144.00%.

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Several research firms have recently commented on PSEC. National Securities lowered their target price on Prospect Capital Corporation from $5.00 to $4.00 and set a “sell” rating for the company in a research note on Tuesday. Zacks Investment Research cut Prospect Capital Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, November 11th. BMO Capital Markets lowered their target price on Prospect Capital Corporation from $7.00 to $6.00 and set a “market perform” rating for the company in a research note on Friday, November 10th. TheStreet cut Prospect Capital Corporation from a “b-” rating to a “c+” rating in a research note on Wednesday, September 27th. Finally, Raymond James Financial, Inc. raised Prospect Capital Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 30th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Prospect Capital Corporation currently has an average rating of “Hold” and a consensus target price of $6.17.

Several institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers grew its stake in shares of Prospect Capital Corporation by 0.3% during the second quarter. Rhumbline Advisers now owns 26,791 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 70 shares during the period. Advisory Services Network LLC grew its stake in shares of Prospect Capital Corporation by 0.6% during the second quarter. Advisory Services Network LLC now owns 17,741 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 105 shares during the period. Essex Financial Services Inc. grew its stake in shares of Prospect Capital Corporation by 0.7% during the second quarter. Essex Financial Services Inc. now owns 45,438 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 323 shares during the period. D.A. Davidson & CO. grew its stake in shares of Prospect Capital Corporation by 1.3% during the second quarter. D.A. Davidson & CO. now owns 57,013 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 753 shares during the period. Finally, Green Square Capital LLC lifted its holdings in Prospect Capital Corporation by 2.1% during the second quarter. Green Square Capital LLC now owns 43,685 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 908 shares in the last quarter. 15.07% of the stock is owned by institutional investors and hedge funds.

About Prospect Capital Corporation

Prospect Capital Corporation is a financial services company. The Company primarily lends to and invests in middle market privately held companies. The Company is a closed-end investment company. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.

Insider Buying and Selling by Quarter for Prospect Capital Corporation (NASDAQ:PSEC)

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