Prospect Capital Corporation (NASDAQ:PSEC) CEO John F. Barry bought 264,937 shares of the stock in a transaction dated Tuesday, December 12th. The shares were bought at an average price of $6.82 per share, for a total transaction of $1,806,870.34. Following the completion of the acquisition, the chief executive officer now owns 28,576,578 shares in the company, valued at $194,892,261.96. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Prospect Capital Corporation (NASDAQ PSEC) opened at $6.82 on Friday. The company has a market cap of $2,460.00, a P/E ratio of 8.38 and a beta of 0.55. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 0.78. Prospect Capital Corporation has a 12-month low of $5.51 and a 12-month high of $9.58.

Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The firm had revenue of $158.58 million for the quarter, compared to analysts’ expectations of $161.00 million. Prospect Capital had a net margin of 27.00% and a return on equity of 8.63%. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. analysts forecast that Prospect Capital Corporation will post 0.72 earnings per share for the current year.

The company also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 10.56%. The ex-dividend date is Tuesday, January 30th. Prospect Capital’s payout ratio is presently 141.18%.

Several research analysts have recently weighed in on the company. ValuEngine upgraded Prospect Capital from a “hold” rating to a “buy” rating in a report on Friday, December 1st. National Securities lowered their target price on Prospect Capital from $5.00 to $4.00 and set a “sell” rating on the stock in a report on Tuesday, November 14th. Zacks Investment Research cut Prospect Capital from a “hold” rating to a “sell” rating in a report on Saturday, November 11th. BMO Capital Markets lowered their target price on Prospect Capital from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Friday, November 10th. Finally, TheStreet cut Prospect Capital from a “b-” rating to a “c+” rating in a report on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $6.17.

Several hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its position in shares of Prospect Capital by 277.0% during the 3rd quarter. GSA Capital Partners LLP now owns 149,438 shares of the financial services provider’s stock valued at $1,004,000 after buying an additional 109,803 shares during the period. Archford Capital Strategies LLC raised its position in shares of Prospect Capital by 16.3% during the 3rd quarter. Archford Capital Strategies LLC now owns 68,399 shares of the financial services provider’s stock valued at $460,000 after buying an additional 9,569 shares during the period. California Public Employees Retirement System raised its position in shares of Prospect Capital by 5.4% during the 3rd quarter. California Public Employees Retirement System now owns 808,100 shares of the financial services provider’s stock valued at $5,430,000 after buying an additional 41,100 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Prospect Capital by 86.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 87,689 shares of the financial services provider’s stock valued at $589,000 after buying an additional 40,765 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Prospect Capital during the 3rd quarter valued at approximately $127,000. 15.72% of the stock is currently owned by hedge funds and other 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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