Insider Buying: Prospect Capital Corporation (PSEC) Insider Acquires 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 on Monday, December 18th. The stock was acquired at an average cost of $6.92 per share, for a total transaction of $69,200.00. Following the acquisition, the insider now owns 1,162,196 shares in the company, valued at approximately $8,042,396.32. The acquisition 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 Friday, December 22nd, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was acquired at an average cost of $7.19 per share, for a total transaction of $71,900.00.
  • On Wednesday, December 20th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was acquired at an average cost of $6.94 per share, for a total transaction of $69,400.00.
  • On Friday, December 15th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was acquired at an average cost of $6.77 per share, for a total transaction of $67,700.00.
  • On Wednesday, December 13th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was acquired at an average cost of $6.82 per share, for a total transaction of $68,200.00.
  • On Monday, December 11th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was acquired at an average cost of $6.75 per share, for a total transaction of $67,500.00.
  • On Friday, December 8th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was acquired at an average cost of $6.73 per share, for a total transaction of $67,300.00.
  • On Wednesday, December 6th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was acquired at an average cost of $6.69 per share, for a total transaction of $66,900.00.
  • On Monday, December 4th, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was acquired at an average cost of $6.85 per share, for a total transaction of $68,500.00.
  • On Friday, December 1st, M Grier Eliasek bought 10,000 shares of Prospect Capital stock. The stock was acquired at an average cost of $6.85 per share, for a total transaction of $68,500.00.
  • On Wednesday, November 29th, M Grier Eliasek acquired 10,000 shares of Prospect Capital stock. The shares were purchased at an average cost of $6.77 per share, for a total transaction of $67,700.00.

Shares of Prospect Capital Corporation (NASDAQ PSEC) traded down $0.01 during trading hours on Friday, reaching $6.84. The company had a trading volume of 1,380,000 shares, compared to its average volume of 2,870,000. The company has a market cap of $2,470.00, a price-to-earnings ratio of 13.41 and a beta of 0.56. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.63 and a current ratio of 2.63. Prospect Capital Corporation has a twelve month low of $5.51 and a twelve month high of $9.58.

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

The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 10.53%. The ex-dividend date of this dividend is Tuesday, January 30th. Prospect Capital’s dividend payout ratio is currently 141.18%.

Several research firms recently weighed in on PSEC. Zacks Investment Research raised Prospect Capital from a “sell” rating to a “hold” rating and set a $7.75 price objective on the stock in a report on Thursday. BidaskClub downgraded Prospect Capital from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. TheStreet downgraded Prospect Capital from a “b-” rating to a “c+” rating in a report on Wednesday, September 27th. BMO Capital Markets reissued a “hold” rating and set a $7.00 price objective on shares of Prospect Capital in a report on Monday, January 8th. Finally, ValuEngine raised Prospect Capital from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a strong buy rating to the stock. Prospect Capital currently has an average rating of “Hold” and an average target price of $6.81.

A number of large investors have recently made changes to their positions in the stock. Van ECK Associates Corp raised its position in Prospect Capital by 4.2% during the 3rd quarter. Van ECK Associates Corp now owns 2,404,212 shares of the financial services provider’s stock worth $16,156,000 after purchasing an additional 96,575 shares during the last quarter. Legal & General Group Plc raised its position in Prospect Capital by 8.8% during the 3rd quarter. Legal & General Group Plc now owns 1,047,945 shares of the financial services provider’s stock worth $7,037,000 after purchasing an additional 84,772 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Prospect Capital during the 2nd quarter worth $7,697,000. California Public Employees Retirement System raised its position in Prospect Capital by 5.4% during the 3rd quarter. California Public Employees Retirement System now owns 808,100 shares of the financial services provider’s stock worth $5,430,000 after purchasing an additional 41,100 shares during the last quarter. Finally, Camelot Portfolios LLC raised its position in Prospect Capital by 5.1% during the 3rd quarter. Camelot Portfolios LLC now owns 699,153 shares of the financial services provider’s stock worth $4,698,000 after purchasing an additional 33,830 shares during the last quarter. 15.60% of the stock is owned by institutional investors and hedge funds.

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Prospect Capital Company Profile

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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