Prospect Capital Corp. (NASDAQ:PSEC)‘s stock had its “hold” rating reissued by analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday.

Several other research analysts also recently commented on PSEC. National Securities downgraded shares of Prospect Capital Corp. from a “neutral” rating to a “sell” rating and set a $7.00 target price on the stock. in a research note on Tuesday, July 19th. Zacks Investment Research downgraded shares of Prospect Capital Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Vetr raised shares of Prospect Capital Corp. from a “sell” rating to a “hold” rating and set a $8.11 target price on the stock in a research note on Wednesday, August 3rd. FBR & Co reaffirmed an “outperform” rating and issued a $10.00 target price (up from $9.00) on shares of Prospect Capital Corp. in a research note on Wednesday, August 31st. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $7.00 target price on shares of Prospect Capital Corp. in a research note on Wednesday, August 31st. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.50.

Analyst Recommendations for Prospect Capital Corp. (NASDAQ:PSEC)

Prospect Capital Corp. (NASDAQ:PSEC) opened at 7.77 on Thursday. The firm has a market cap of $2.78 billion, a P/E ratio of 26.79 and a beta of 0.49. Prospect Capital Corp. has a 12-month low of $5.21 and a 12-month high of $8.68. The firm’s 50-day moving average is $7.95 and its 200 day moving average is $7.96.

Prospect Capital Corp. (NASDAQ:PSEC) last issued its earnings results on Tuesday, November 8th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by $0.02. Prospect Capital Corp. had a return on equity of 10.25% and a net margin of 20.34%. The firm earned $179.83 million during the quarter, compared to analysts’ expectations of $185.46 million. During the same period in the previous year, the firm earned $0.26 earnings per share. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. Equities analysts forecast that Prospect Capital Corp. will post $0.98 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 16th. Stockholders of record on Tuesday, January 31st will be issued a dividend of $0.0833 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.87%. The ex-dividend date of this dividend is Friday, January 27th. Prospect Capital Corp.’s dividend payout ratio (DPR) is presently 227.28%.

In other Prospect Capital Corp. news, CFO Brian H. Oswald bought 4,000 shares of the company’s stock in a transaction dated Tuesday, September 13th. The shares were purchased at an average price of $7.85 per share, for a total transaction of $31,400.00. Following the acquisition, the chief financial officer now owns 480,000 shares in the company, valued at approximately $3,768,000. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 6.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Acrospire Investment Management LLC boosted its stake in shares of Prospect Capital Corp. by 33.1% in the third quarter. Acrospire Investment Management LLC now owns 17,300 shares of the company’s stock worth $140,000 after buying an additional 4,300 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of Prospect Capital Corp. during the third quarter worth approximately $300,000. Engineers Gate Manager LP acquired a new stake in shares of Prospect Capital Corp. during the third quarter worth approximately $1,169,000. Stevens Capital Management LP acquired a new stake in shares of Prospect Capital Corp. during the third quarter worth approximately $293,000. Finally, Sheaff Brock Investment Advisors LLC boosted its stake in shares of Prospect Capital Corp. by 2.3% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 245,957 shares of the company’s stock worth $1,993,000 after buying an additional 5,625 shares during the period. Hedge funds and other institutional investors own 11.09% of the company’s stock.

Prospect Capital Corp. Company Profile

Prospect Capital Corporation is a financial services company. The Company is a non-diversified closed-end investment company. The Company’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes.

5 Day Chart for NASDAQ:PSEC

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