Prospect Capital Co. (NASDAQ:PSEC) COO M Grier Eliasek Purchases 5,000 Shares

Prospect Capital Co. (NASDAQ:PSEC) COO M Grier Eliasek acquired 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average cost of $4.72 per share, for a total transaction of $23,600.00. Following the completion of the transaction, the chief operating officer now directly owns 1,701,130 shares of the company’s stock, valued at $8,029,333.60. This represents a 0.29 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

M Grier Eliasek also recently made the following trade(s):

• On Wednesday, November 20th, M Grier Eliasek bought 5,000 shares of Prospect Capital stock. The stock was bought at an average price of $4.65 per share, with a total value of $23,250.00.
• On Monday, November 18th, M Grier Eliasek purchased 5,000 shares of Prospect Capital stock. The shares were bought at an average price of $4.46 per share, for a total transaction of $22,300.00.

Prospect Capital Stock Up 0.2 %

Prospect Capital stock opened at $4.75 on Thursday. The firm has a fifty day moving average price of $5.08 and a two-hundred day moving average price of $5.29. Prospect Capital Co. has a fifty-two week low of $4.15 and a fifty-two week high of $6.30. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -18.27 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.48 and a quick ratio of 0.48.

Prospect Capital (NASDAQ:PSEC) last released its earnings results on Friday, November 8th. The financial services provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Prospect Capital had a positive return on equity of 12.19% and a negative net margin of 2.23%. The business had revenue of $196.31 million for the quarter.

Prospect Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 11.37%. The ex-dividend date is Wednesday, January 29th. Prospect Capital’s dividend payout ratio (DPR) is presently -207.69%.

Analyst Ratings Changes

A number of research firms recently issued reports on PSEC. Wells Fargo & Company reduced their price objective on Prospect Capital from $5.00 to $4.50 and set an “underweight” rating for the company in a research report on Friday, August 30th. StockNews.com lowered Prospect Capital from a “hold” rating to a “sell” rating in a report on Friday, August 30th.

Hedge Funds Weigh In On Prospect Capital

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rothschild Investment LLC acquired a new position in Prospect Capital in the second quarter worth about $27,000. MWA Asset Management acquired a new position in Prospect Capital during the third quarter worth $53,000. Global Assets Advisory LLC bought a new position in shares of Prospect Capital during the third quarter valued at $64,000. Family Wealth Partners LLC acquired a new stake in shares of Prospect Capital in the 3rd quarter valued at $74,000. Finally, Captrust Financial Advisors grew its holdings in shares of Prospect Capital by 34.9% in the 3rd quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 3,686 shares during the last quarter. 9.06% of the stock is owned by 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, 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.