Prospect Capital Co. (NASDAQ:PSEC - Get Free Report) COO M Grier Eliasek purchased 210,000 shares of the stock in a transaction on Friday, November 29th. The shares were bought at an average price of $4.81 per share, for a total transaction of $1,010,100.00. Following the acquisition, the chief operating officer now owns 2,131,130 shares of the company's stock, valued at approximately $10,250,735.30. The trade was a 10.93 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
M Grier Eliasek also recently made the following trade(s):
- On Tuesday, November 26th, M Grier Eliasek purchased 5,000 shares of Prospect Capital stock. The shares were bought at an average price of $4.72 per share, for a total transaction of $23,600.00.
- On Friday, November 22nd, M Grier Eliasek acquired 5,000 shares of Prospect Capital stock. The stock was acquired at an average cost of $4.72 per share, with a total value of $23,600.00.
- On Wednesday, November 20th, M Grier Eliasek acquired 5,000 shares of Prospect Capital stock. The stock was acquired at an average cost of $4.65 per share, with a total value of $23,250.00.
- On Monday, November 18th, M Grier Eliasek acquired 5,000 shares of Prospect Capital stock. The stock was acquired at an average cost of $4.46 per share, with a total value of $22,300.00.
Prospect Capital Stock Performance
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Prospect Capital stock opened at $4.55 on Wednesday. The stock has a 50-day simple moving average of $5.02 and a 200 day simple moving average of $5.27. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.65. Prospect Capital Co. has a 12-month low of $4.15 and a 12-month high of $6.30. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -17.50 and a beta of 0.97.
Prospect Capital (NASDAQ:PSEC - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.04. The business had revenue of $196.31 million during the quarter. Prospect Capital had a positive return on equity of 12.19% and a negative net margin of 2.23%.
Prospect Capital Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.045 per share. The ex-dividend date is Wednesday, January 29th. This represents a $0.54 annualized dividend and a yield of 11.87%. Prospect Capital's dividend payout ratio is currently -207.69%.
Analysts Set New Price Targets
Several brokerages have recently commented on PSEC. StockNews.com downgraded shares of Prospect Capital from a "hold" rating to a "sell" rating in a research note on Friday, August 30th. Wells Fargo & Company cut their price target on Prospect Capital from $5.00 to $4.50 and set an "underweight" rating for the company in a report on Friday, August 30th.
Get Our Latest Stock Report on PSEC
Institutional Trading of Prospect Capital
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in Prospect Capital during the 2nd quarter worth about $27,000. Global Assets Advisory LLC bought a new stake in Prospect Capital during the 3rd quarter worth about $64,000. Family Wealth Partners LLC bought a new stake in Prospect Capital during the 3rd quarter worth about $74,000. Captrust Financial Advisors raised its holdings in Prospect Capital by 34.9% during 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. Finally, AE Wealth Management LLC bought a new stake in shares of Prospect Capital in the 2nd quarter valued at about $80,000. 9.06% of the stock is owned by institutional investors.
Prospect Capital Company Profile
(
Get Free Report)
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.
Further Reading
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