Prospect Capital (PSEC) Earning Somewhat Favorable News Coverage, Analysis Finds
News headlines about Prospect Capital (NASDAQ:PSEC) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Prospect Capital earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.3384905205388 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s rankings:
- Insider Buying: Prospect Capital Corporation (PSEC) CEO Purchases 170,460 Shares of Stock (americanbankingnews.com)
- $0.18 Earnings Per Share Expected for Prospect Capital Corporation (PSEC) This Quarter (americanbankingnews.com)
- Prospect Capital (PSEC) Upgraded at ValuEngine (americanbankingnews.com)
- Prospect Capital Corporation (PSEC) Insider M Grier Eliasek Acquires 10,000 Shares (americanbankingnews.com)
- CHIEF EXECUTIVE OFFICER of Prospect Capital Corp (NASDAQ:PSEC), Barry John F, buys 141,374 shares worth $961,343 (empowerednews.net)
Prospect Capital (NASDAQ:PSEC) opened at $6.73 on Tuesday. The stock has a market capitalization of $2,430.00, a price-to-earnings ratio of 8.38 and a beta of 0.55. 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 has a 52 week low of $5.51 and a 52 week high of $9.58.
Prospect Capital (NASDAQ:PSEC) last issued its earnings results on Wednesday, November 8th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The firm had revenue of $158.58 million during the quarter, compared to analysts’ expectations of $161.00 million. Prospect Capital had a return on equity of 8.63% and a net margin of 27.00%. The business’s revenue was down 11.8% on a year-over-year basis. During the same quarter last year, the business earned $0.22 EPS. analysts forecast that Prospect Capital will post 0.72 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.72 dividend on an annualized basis and a yield of 10.70%. Prospect Capital’s dividend payout ratio (DPR) is 141.18%.
PSEC has been the topic of several recent research reports. BidaskClub cut Prospect Capital from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. UBS raised Prospect Capital from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. Raymond James Financial raised Prospect Capital from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. Zacks Investment Research upgraded Prospect Capital from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, National Securities decreased their price objective on Prospect Capital from $5.00 to $4.00 and set a “sell” rating for the company in a report on Tuesday, November 14th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Prospect Capital presently has a consensus rating of “Hold” and a consensus target price of $6.17.
In related news, insider John F. Barry acquired 995,883 shares of Prospect Capital stock in a transaction on Monday, November 20th. The stock was acquired at an average price of $6.98 per share, for a total transaction of $6,951,263.34. Following the purchase, the insider now owns 25,219,413 shares of the company’s stock, valued at approximately $176,031,502.74. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider M Grier Eliasek acquired 65,000 shares of Prospect Capital stock in a transaction on Friday, November 10th. The shares were bought at an average price of $5.65 per share, with a total value of $367,250.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,805,280 shares of company stock valued at $12,292,458 in the last quarter. Company insiders own 7.10% of the company’s stock.
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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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