Insider Buying: Prospect Capital Corporation (PSEC) Insider Buys 10,000 Shares of Stock

Prospect Capital Corporation (NASDAQ:PSEC) insider M Grier Eliasek bought 10,000 shares of Prospect Capital stock in a transaction dated Friday, December 15th. The shares were purchased at an average cost of $6.77 per share, for a total transaction of $67,700.00. Following the completion of the transaction, the insider now owns 1,152,196 shares of the company’s stock, valued at approximately $7,800,366.92. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Friday, December 22nd, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The shares were acquired at an average price of $7.19 per share, with a total value of $71,900.00.
  • On Wednesday, December 20th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The shares were acquired at an average price of $6.94 per share, with a total value of $69,400.00.
  • On Monday, December 18th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The shares were acquired at an average price of $6.92 per share, with a total value of $69,200.00.
  • On Wednesday, December 13th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The shares were acquired at an average price of $6.82 per share, with a total value of $68,200.00.
  • On Monday, December 11th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The shares were acquired at an average price of $6.75 per share, with a total value of $67,500.00.
  • On Friday, December 8th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were purchased at an average price of $6.73 per share, with a total value of $67,300.00.
  • On Wednesday, December 6th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were purchased at an average price of $6.69 per share, with a total value of $66,900.00.
  • On Monday, December 4th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were purchased at an average price of $6.85 per share, with a total value of $68,500.00.
  • On Friday, December 1st, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were purchased at an average price of $6.85 per share, with a total value of $68,500.00.
  • On Wednesday, November 29th, M Grier Eliasek purchased 10,000 shares of Prospect Capital stock. The shares were purchased at an average price of $6.77 per share, with a total value of $67,700.00.

Shares of Prospect Capital Corporation (PSEC) opened at $6.72 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.63 and a quick ratio of 2.63. Prospect Capital Corporation has a 1-year low of $5.51 and a 1-year high of $9.58. The firm has a market cap of $2,420.00, a PE ratio of 13.18 and a beta of 0.56.

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

The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 10.71%. The ex-dividend date is Tuesday, January 30th. Prospect Capital’s dividend payout ratio is presently 141.18%.

PSEC has been the subject of a number of recent analyst reports. National Securities decreased their target price on shares of Prospect Capital from $6.00 to $5.00 and set a “sell” rating for the company in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of Prospect Capital from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. ValuEngine upgraded shares of Prospect Capital from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. BidaskClub upgraded shares of Prospect Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Finally, BMO Capital Markets cut their price target on shares of Prospect Capital from $7.00 to $6.00 and set a “market perform” rating for the company in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company’s stock. Prospect Capital presently has a consensus rating of “Hold” and a consensus target price of $6.50.

A number of hedge funds have recently bought and sold shares of PSEC. Americafirst Capital Management LLC purchased a new stake in shares of Prospect Capital in the second quarter worth approximately $378,000. Legal & General Group Plc lifted its position in shares of Prospect Capital by 13.2% in the second quarter. Legal & General Group Plc now owns 963,173 shares of the financial services provider’s stock worth $7,816,000 after purchasing an additional 112,354 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Prospect Capital in the second quarter worth approximately $7,697,000. California Public Employees Retirement System lifted its position in shares of Prospect Capital by 2.7% in the second quarter. California Public Employees Retirement System now owns 767,000 shares of the financial services provider’s stock worth $6,228,000 after purchasing an additional 20,100 shares in the last quarter. Finally, CIBC World Markets Inc. lifted its position in shares of Prospect Capital by 112.0% in the second quarter. CIBC World Markets Inc. now owns 143,547 shares of the financial services provider’s stock worth $1,166,000 after purchasing an additional 75,839 shares in the last quarter. 15.60% of the stock is owned by 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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