BidaskClub upgraded shares of Prospect Capital (NASDAQ:PSEC) from a hold rating to a buy rating in a report released on Saturday morning.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Prospect Capital from a hold rating to a buy rating and set a $7.50 price objective for the company in a research note on Tuesday, May 15th. ValuEngine raised shares of Prospect Capital from a sell rating to a hold rating in a research report on Thursday, July 5th. Finally, National Securities reissued a sell rating and set a $4.00 target price on shares of Prospect Capital in a research report on Monday, May 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $6.17.

NASDAQ PSEC opened at $7.14 on Friday. Prospect Capital has a 12 month low of $5.51 and a 12 month high of $7.37. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $2.60 billion, a PE ratio of 8.40 and a beta of 0.51.

Prospect Capital (NASDAQ:PSEC) last posted its quarterly earnings data on Tuesday, August 28th. The financial services provider reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. Prospect Capital had a net margin of 36.39% and a return on equity of 8.31%. The company had revenue of $174.03 million during the quarter, compared to the consensus estimate of $161.76 million. During the same quarter in the prior year, the company posted $0.19 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. analysts expect that Prospect Capital will post 0.77 earnings per share for the current fiscal year.

The firm also recently announced a sep 18 dividend, which will be paid on Thursday, October 18th. Investors of record on Friday, September 28th will be given a dividend of $0.06 per share. Prospect Capital’s dividend payout ratio (DPR) is presently 84.71%.

A number of institutional investors and hedge funds have recently bought and sold shares of PSEC. Stephens Inc. AR acquired a new stake in Prospect Capital during the 2nd quarter worth approximately $150,000. Envestnet Asset Management Inc. increased its position in Prospect Capital by 136.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 28,737 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 16,585 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Prospect Capital during the 1st quarter worth approximately $185,000. Creative Financial Designs Inc. ADV increased its position in Prospect Capital by 265.4% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 28,902 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 20,992 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Prospect Capital during the 2nd quarter worth approximately $200,000. 12.04% of the stock is owned by hedge funds and other institutional investors.

About Prospect Capital

Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions.

Read More: Are Wall Street analysts’ stock ratings worth following?

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