Prospect Capital Corporation (NASDAQ:PSEC) insider M Grier Eliasek purchased 10,000 shares of Prospect Capital stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average price of $6.77 per share, with a total value of $67,700.00. Following the completion of the transaction, the insider now owns 1,152,196 shares of the company’s stock, valued at approximately $7,800,366.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, December 13th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were bought at an average price of $6.82 per share, with a total value of $68,200.00.
  • On Monday, December 11th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were bought at an average price of $6.75 per share, with a total value of $67,500.00.
  • On Friday, December 8th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were bought at an average price of $6.73 per share, with a total value of $67,300.00.
  • On Wednesday, December 6th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were bought at an average price of $6.69 per share, with a total value of $66,900.00.
  • On Monday, December 4th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were bought at an average price of $6.85 per share, with a total value of $68,500.00.
  • On Friday, December 1st, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were bought at an average price of $6.85 per share, with a total value of $68,500.00.
  • On Wednesday, November 29th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were bought at an average price of $6.77 per share, with a total value of $67,700.00.
  • On Monday, November 27th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were bought at an average price of $6.89 per share, with a total value of $68,900.00.
  • On Monday, November 13th, M Grier Eliasek purchased 65,000 shares of Prospect Capital stock. The shares were bought at an average price of $5.96 per share, with a total value of $387,400.00.
  • On Friday, November 10th, M Grier Eliasek purchased 65,000 shares of Prospect Capital stock. The shares were bought at an average price of $5.65 per share, with a total value of $367,250.00.

Shares of Prospect Capital Corporation (NASDAQ PSEC) traded up $0.03 on Wednesday, reaching $6.91. The company’s stock had a trading volume of 3,132,300 shares, compared to its average volume of 2,846,063. 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 one year low of $5.51 and a one year high of $9.58. The firm has a market capitalization of $2,479.51, a price-to-earnings ratio of 8.49 and a beta of 0.56.

Prospect Capital (NASDAQ:PSEC) last issued its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). Prospect Capital had a net margin of 27.00% and a return on equity of 8.63%. The business had revenue of $158.58 million during the quarter, compared to analyst estimates of $161.00 million. During the same period in the previous year, the business posted $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 earnings per share for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 10.42%. The ex-dividend date is Tuesday, January 30th. Prospect Capital’s payout ratio is currently 144.00%.

PSEC has been the subject of several recent research reports. ValuEngine upgraded Prospect Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. TheStreet cut Prospect Capital from a “b-” rating to a “c+” rating in a research report on Wednesday, September 27th. Zacks Investment Research raised Prospect Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. UBS raised Prospect Capital from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 30th. Finally, Raymond James Financial raised Prospect Capital from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 30th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Prospect Capital presently has a consensus rating of “Hold” and an average target price of $6.17.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in Prospect Capital by 0.3% in the second quarter. Rhumbline Advisers now owns 26,791 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 70 shares during the period. Advisory Services Network LLC boosted its stake 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 acquiring an additional 105 shares during the last quarter. Essex Financial Services Inc. boosted its stake in shares of Prospect Capital by 0.7% in the second quarter. Essex Financial Services Inc. now owns 45,438 shares of the financial services provider’s stock worth $369,000 after acquiring an additional 323 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of Prospect Capital by 1.3% in the second quarter. D.A. Davidson & CO. now owns 57,013 shares of the financial services provider’s stock worth $462,000 after acquiring an additional 753 shares during the last quarter. Finally, Green Square Capital LLC boosted its stake in shares of Prospect Capital by 2.1% in 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 during the last quarter. 15.60% of the stock is currently owned by 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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