Prospect Capital Co. (NASDAQ:PSEC) COO M Grier Eliasek bought 100,000 shares of Prospect Capital stock in a transaction that occurred on Tuesday, March 24th. The shares were acquired at an average price of $4.82 per share, for a total transaction of $482,000.00.

Shares of PSEC stock traded up $0.42 on Thursday, reaching $4.82. 4,677,611 shares of the stock were exchanged, compared to its average volume of 3,588,178. The stock has a market cap of $1.62 billion, a P/E ratio of 13.03 and a beta of 0.84. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average of $5.71 and a two-hundred day moving average of $6.33. Prospect Capital Co. has a 1-year low of $4.00 and a 1-year high of $6.86.

Prospect Capital (NASDAQ:PSEC) last issued its earnings results on Monday, February 10th. The financial services provider reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $161.92 million for the quarter, compared to analyst estimates of $155.84 million. Prospect Capital had a return on equity of 8.74% and a net margin of 20.47%. During the same period last year, the company posted $0.22 EPS. On average, equities research analysts predict that Prospect Capital Co. will post 0.72 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, April 30th will be paid a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 14.94%. The ex-dividend date of this dividend is Wednesday, April 29th. Prospect Capital’s dividend payout ratio is currently 84.71%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. LSV Asset Management raised its holdings in Prospect Capital by 4.0% in the fourth quarter. LSV Asset Management now owns 6,253,190 shares of the financial services provider’s stock valued at $40,270,000 after buying an additional 238,986 shares during the period. Man Group plc grew its stake in Prospect Capital by 415.6% during the fourth quarter. Man Group plc now owns 1,919,222 shares of the financial services provider’s stock worth $12,360,000 after buying an additional 1,546,971 shares during the period. Independent Advisor Alliance grew its stake in Prospect Capital by 819.9% during the fourth quarter. Independent Advisor Alliance now owns 1,694,434 shares of the financial services provider’s stock worth $10,912,000 after buying an additional 1,510,231 shares during the period. Scopia Capital Management LP purchased a new stake in Prospect Capital during the third quarter worth approximately $7,152,000. Finally, Virtus ETF Advisers LLC increased its position in shares of Prospect Capital by 15.4% in the fourth quarter. Virtus ETF Advisers LLC now owns 853,381 shares of the financial services provider’s stock worth $5,496,000 after acquiring an additional 114,122 shares in the last quarter. 14.75% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on PSEC. ValuEngine upgraded shares of Prospect Capital from a “sell” rating to a “hold” rating in a report on Friday, December 27th. BidaskClub downgraded shares of Prospect Capital from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Finally, Zacks Investment Research lowered shares of Prospect Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, March 17th. Three analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The stock currently has an average rating of “Sell” and an average price target of $4.00.

About Prospect Capital

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.

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Insider Buying and Selling by Quarter for Prospect Capital (NASDAQ:PSEC)

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