Prospect Capital Corporation (NASDAQ:PSEC) insider M Grier Eliasek acquired 10,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were acquired at an average cost of $6.75 per share, for a total transaction of $67,500.00. Following the completion of the acquisition, the insider now owns 1,112,196 shares of the company’s stock, valued at $7,507,323. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

M Grier Eliasek also recently made the following trade(s):

  • On Wednesday, December 13th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The shares were acquired at an average cost of $6.82 per share, for a total transaction of $68,200.00.
  • On Friday, December 8th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The shares were acquired at an average cost of $6.73 per share, for a total transaction of $67,300.00.
  • On Wednesday, December 6th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The shares were acquired at an average cost of $6.69 per share, for a total transaction of $66,900.00.
  • On Monday, December 4th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The shares were acquired at an average cost of $6.85 per share, for a total transaction of $68,500.00.
  • On Friday, December 1st, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The shares were acquired at an average cost of $6.85 per share, for a total transaction of $68,500.00.
  • On Wednesday, November 29th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The shares were acquired at an average cost of $6.77 per share, for a total transaction of $67,700.00.
  • On Monday, November 27th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The shares were acquired at an average cost of $6.89 per share, for a total transaction of $68,900.00.
  • On Monday, November 13th, M Grier Eliasek acquired 65,000 shares of Prospect Capital stock. The shares were acquired at an average cost of $5.96 per share, for a total transaction of $387,400.00.
  • On Friday, November 10th, M Grier Eliasek acquired 65,000 shares of Prospect Capital stock. The shares were acquired at an average cost of $5.65 per share, for a total transaction of $367,250.00.

Shares of Prospect Capital Corporation (NASDAQ:PSEC) traded up $0.02 during trading on Friday, hitting $6.82. 4,267,167 shares of the stock were exchanged, compared to its average volume of 4,470,000. Prospect Capital Corporation has a 52-week low of $5.51 and a 52-week high of $9.58. The stock has a market capitalization of $2,470.00, a P/E ratio of 8.40 and a beta of 0.55. 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 (NASDAQ:PSEC) last announced its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Prospect Capital had a return on equity of 8.63% and a net margin of 27.00%. The firm had revenue of $158.58 million during the quarter, compared to analysts’ expectations of $161.00 million. During the same period in the previous year, the company posted $0.22 earnings per share. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. equities research analysts expect that Prospect Capital Corporation will post 0.72 EPS for the current year.

The company also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.56%. The ex-dividend date is Tuesday, January 30th. Prospect Capital’s payout ratio is 141.18%.

Several research firms have commented on PSEC. TheStreet downgraded shares of Prospect Capital from a “b-” rating to a “c+” rating in a report on Wednesday, September 27th. ValuEngine raised shares of Prospect Capital from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BMO Capital Markets lowered their price target on shares of Prospect Capital from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Friday, November 10th. BidaskClub downgraded shares of Prospect Capital from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Finally, Zacks Investment Research downgraded shares of Prospect Capital from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock 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 PSEC. Trexquant Investment LP bought a new position in shares of Prospect Capital in the third quarter worth approximately $108,000. Jane Street Group LLC bought a new position in shares of Prospect Capital in the third quarter worth approximately $127,000. Regal Investment Advisors LLC increased its position in shares of Prospect Capital by 19.3% in the second quarter. Regal Investment Advisors LLC now owns 16,819 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 2,720 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Prospect Capital by 0.6% in 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 last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Prospect Capital by 8.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 19,659 shares of the financial services provider’s stock worth $160,000 after purchasing an additional 1,507 shares during the last quarter. 15.72% of the stock is currently owned by hedge funds and other institutional investors.

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About Prospect Capital

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 (NASDAQ:PSEC)

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