Prospect Capital Co. (NASDAQ:PSEC) has received a consensus recommendation of “Sell” from the six brokerages that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $5.00.

A number of analysts have recently commented on the stock. National Securities reiterated a “sell” rating and issued a $4.00 price target on shares of Prospect Capital in a research note on Monday, May 13th. BidaskClub upgraded shares of Prospect Capital from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. ValuEngine lowered shares of Prospect Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Prospect Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, July 10th. Finally, TheStreet upgraded shares of Prospect Capital from a “f” rating to a “b-” rating in a research note on Friday, July 26th.

In other Prospect Capital news, CEO John F. Barry bought 63,496 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average cost of $6.29 per share, for a total transaction of $399,389.84. Following the completion of the transaction, the chief executive officer now owns 38,364,480 shares of the company’s stock, valued at approximately $241,312,579.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John F. Barry bought 408,911 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were acquired at an average price of $6.38 per share, with a total value of $2,608,852.18. Following the completion of the transaction, the chief executive officer now directly owns 38,938,445 shares of the company’s stock, valued at approximately $248,427,279.10. The disclosure for this purchase can be found here. Insiders have purchased 610,246 shares of company stock valued at $3,882,141 over the last 90 days. 10.20% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Massey Quick Simon & CO. LLC bought a new stake in Prospect Capital during the first quarter valued at approximately $67,000. Trinity Legacy Partners LLC purchased a new position in Prospect Capital during the first quarter valued at approximately $83,000. Vanguard Capital Wealth Advisors lifted its holdings in Prospect Capital by 16.6% during the first quarter. Vanguard Capital Wealth Advisors now owns 155,061 shares of the financial services provider’s stock valued at $1,010,000 after purchasing an additional 22,122 shares in the last quarter. HCR Wealth Advisors purchased a new position in Prospect Capital during the first quarter valued at approximately $41,000. Finally, Squarepoint Ops LLC purchased a new position in Prospect Capital during the fourth quarter valued at approximately $436,000. Institutional investors own 12.21% of the company’s stock.

Shares of PSEC stock traded up $0.14 during trading hours on Friday, reaching $6.53. The company had a trading volume of 1,272,000 shares, compared to its average volume of 1,298,641. The business has a fifty day moving average price of $6.60 and a 200-day moving average price of $6.62. Prospect Capital has a one year low of $5.70 and a one year high of $7.60. The firm has a market cap of $2.36 billion, a PE ratio of 8.27 and a beta of 0.73. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.59 and a current ratio of 0.59.

Prospect Capital Company Profile

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

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