News coverage about Prospect Capital (NASDAQ:PSEC) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Prospect Capital earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.5184952358268 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
NASDAQ:PSEC opened at $6.39 on Tuesday. Prospect Capital has a one year low of $5.51 and a one year high of $9.45. The company has a debt-to-equity ratio of 0.73, a quick ratio of 4.32 and a current ratio of 4.32. The stock has a market cap of $2,331.85, a P/E ratio of 7.52 and a beta of 0.42.
Prospect Capital (NASDAQ:PSEC) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. Prospect Capital had a net margin of 31.02% and a return on equity of 8.36%. The business had revenue of $162.40 million for the quarter, compared to analyst estimates of $153.94 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Prospect Capital’s quarterly revenue was down 11.5% on a year-over-year basis. research analysts anticipate that Prospect Capital will post 0.74 EPS for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 19th. Investors of record on Friday, March 30th will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 11.27%. The ex-dividend date is Wednesday, March 28th. Prospect Capital’s payout ratio is currently 84.71%.
Several equities analysts recently issued reports on PSEC shares. BidaskClub cut shares of Prospect Capital from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. ValuEngine upgraded shares of Prospect Capital from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. National Securities reiterated a “sell” rating and set a $4.00 price target on shares of Prospect Capital in a research report on Monday, February 12th. Zacks Investment Research lowered shares of Prospect Capital from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Finally, BMO Capital Markets reissued a “hold” rating and set a $7.00 price objective on shares of Prospect Capital in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Prospect Capital currently has an average rating of “Hold” and an average target price of $6.81.
In other news, insider John F. Barry bought 84,100 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were purchased at an average price of $6.49 per share, for a total transaction of $545,809.00. Following the completion of the purchase, the insider now owns 34,284,671 shares in the company, valued at approximately $222,507,514.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John F. Barry bought 467,178 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of $6.73 per share, for a total transaction of $3,144,107.94. The disclosure for this purchase can be found here. Insiders have purchased 954,870 shares of company stock worth $6,357,884 in the last three months. 7.10% of the stock is currently owned by insiders.
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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.
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