Prospect Capital Co. (PSEC) To Go Ex-Dividend on March 28th
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.
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.
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.
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