Prospect Capital Co. (NASDAQ:PSEC) declared a monthly dividend on Friday, February 9th, Wall Street Journal reports. Investors of record on Friday, March 30th will be paid a dividend of 0.06 per share by the financial services provider on Thursday, April 19th. This represents a $0.72 annualized dividend and a yield of 10.65%. The ex-dividend date of this dividend is Wednesday, March 28th.

Prospect Capital (NASDAQ PSEC) opened at $6.76 on Friday. The company has a market cap of $2,353.54, a P/E ratio of 8.45 and a beta of 0.42. Prospect Capital has a 12 month low of $5.51 and a 12 month high of $9.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 4.32 and a current ratio of 4.32.

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Prospect Capital (NASDAQ:PSEC) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The company had revenue of $162.40 million during the quarter, compared to analysts’ expectations of $153.94 million. Prospect Capital had a net margin of 31.02% and a return on equity of 8.36%. Prospect Capital’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share. equities analysts forecast that Prospect Capital will post 0.74 EPS for the current year.

A number of research firms have commented on PSEC. Zacks Investment Research raised shares of Prospect Capital from a “sell” rating to a “hold” rating and set a $7.75 price target for the company in a research note on Thursday, January 11th. BMO Capital Markets reissued a “hold” rating and issued a $7.00 price target on shares of Prospect Capital in a research note on Monday, January 8th. BidaskClub raised shares of Prospect Capital from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. ValuEngine raised shares of Prospect Capital from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Finally, National Securities reissued a “sell” rating and issued a $4.00 price target on shares of Prospect Capital in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a strong buy rating to the company’s stock. Prospect Capital presently has a consensus rating of “Hold” and an average target price of $6.81.

In related news, insider John F. Barry purchased 467,178 shares of the business’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $6.73 per share, with a total value of $3,144,107.94. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John F. Barry purchased 63,295 shares of the business’s stock in a transaction on Monday, March 19th. The stock was bought at an average cost of $6.50 per share, with a total value of $411,417.50. Following the purchase, the chief executive officer now owns 34,351,066 shares in the company, valued at $223,281,929. The disclosure for this purchase can be found here. In the last three months, insiders acquired 950,387 shares of company stock valued at $6,328,744. Corporate insiders own 7.10% of the company’s stock.

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Prospect Capital Company Profile

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.

Dividend History for Prospect Capital (NASDAQ:PSEC)

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