Prospect Capital Corp. (NASDAQ:PSEC)‘s stock had its “buy” rating reaffirmed by FBR & Co in a research report issued to clients and investors on Thursday. They presently have a $9.00 target price on the stock. FBR & Co’s target price indicates a potential upside of 15.83% from the stock’s previous close.

A number of other research firms have also recently issued reports on PSEC. Vetr cut Prospect Capital Corp. from a “hold” rating to a “sell” rating and set a $8.29 price objective for the company. in a report on Wednesday, August 31st. National Securities restated a “sell” rating and set a $7.00 target price on shares of Prospect Capital Corp. in a report on Tuesday, August 30th. BMO Capital Markets restated a “market perform” rating and set a $7.00 target price on shares of Prospect Capital Corp. in a report on Thursday, September 1st. Barclays PLC restated an “equal weight” rating and set a $7.00 target price on shares of Prospect Capital Corp. in a report on Wednesday, August 31st. Finally, Zacks Investment Research upgraded Prospect Capital Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $7.50.

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

Shares of Prospect Capital Corp. (NASDAQ:PSEC) opened at 7.77 on Thursday. The company has a market capitalization of $2.78 billion, a P/E ratio of 26.79 and a beta of 0.49. The firm has a 50-day moving average price of $7.95 and a 200-day moving average price of $7.96. Prospect Capital Corp. has a one year low of $5.21 and a one year high of $8.68.

Prospect Capital Corp. (NASDAQ:PSEC) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company posted $0.26 earnings per share. Prospect Capital Corp.’s revenue for the quarter 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 company also recently announced a monthly dividend, which will be paid on Thursday, February 16th. Stockholders of record on Tuesday, January 31st will be given a $0.0833 dividend. This represents a $1.00 annualized dividend 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 is currently 227.28%.

In other news, CFO Brian H. Oswald bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was purchased at an average price of $7.85 per share, with a total value of $31,400.00. Following the transaction, the chief financial officer now owns 480,000 shares of the company’s stock, valued at $3,768,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC purchased a new position in shares of Prospect Capital Corp. during the second quarter valued at about $102,000. Paragon Capital Management Ltd raised its position in shares of Prospect Capital Corp. by 25.9% in the second quarter. Paragon Capital Management Ltd now owns 13,410 shares of the company’s stock valued at $105,000 after buying an additional 2,759 shares in the last quarter. Blair William & Co. IL raised its position in shares of Prospect Capital Corp. by 28.7% in the second quarter. Blair William & Co. IL now owns 13,450 shares of the company’s stock valued at $105,000 after buying an additional 3,000 shares in the last quarter. WealthTrust Fairport LLC purchased a new position in shares of Prospect Capital Corp. during the third quarter valued at about $112,000. Finally, Stratos Wealth Partners LTD. raised its position in shares of Prospect Capital Corp. by 25.3% in the second quarter. Stratos Wealth Partners LTD. now owns 14,457 shares of the company’s stock valued at $113,000 after buying an additional 2,919 shares in the last quarter. 11.09% of the stock is owned by hedge funds and other institutional investors.

About Prospect Capital Corp.

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

Receive News & Stock Ratings for Prospect Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prospect Capital Corp. and related stocks with our FREE daily email newsletter.