Prospect Capital Corporation (NASDAQ:PSEC – Get Free Report) CEO John Barry acquired 1,217,105 shares of Prospect Capital stock in a transaction that occurred on Friday, September 4th. The stock was acquired at an average cost of $2.24 per share, for a total transaction of $2,726,315.20. Following the completion of the purchase, the chief executive officer directly owned 90,479,988 shares of the company’s stock, valued at $202,675,173.12. This represents a 1.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Prospect Capital Stock Down 0.5%
Shares of NASDAQ PSEC opened at $2.18 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 43.60 and a beta of 0.80. Prospect Capital Corporation has a 12 month low of $2.11 and a 12 month high of $3.13. The stock has a 50-day moving average price of $2.24 and a two-hundred day moving average price of $2.41.
Prospect Capital (NASDAQ:PSEC – Get Free Report) last posted its earnings results on Thursday, August 20th. The financial services provider reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Prospect Capital had a net margin of 19.33% and a return on equity of 12.15%. The firm had revenue of $155.76 million during the quarter, compared to analysts’ expectations of $149.80 million.
Prospect Capital Announces Dividend
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on PSEC. Weiss Ratings cut shares of Prospect Capital from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, August 26th. Wall Street Zen cut Prospect Capital from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell” and an average target price of $2.00.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. boosted its position in Prospect Capital by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 844,465 shares of the financial services provider’s stock worth $2,685,000 after buying an additional 3,880 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Prospect Capital by 55.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 16,970 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 6,056 shares during the period. Private Advisor Group LLC increased its holdings in Prospect Capital by 0.4% in the first quarter. Private Advisor Group LLC now owns 1,711,638 shares of the financial services provider’s stock valued at $4,467,000 after purchasing an additional 6,262 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in Prospect Capital by 1.3% during the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 520,592 shares of the financial services provider’s stock worth $1,655,000 after purchasing an additional 6,516 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Prospect Capital by 1.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 504,342 shares of the financial services provider’s stock worth $1,387,000 after purchasing an additional 9,008 shares during the last quarter. Institutional investors own 9.06% of the company’s stock.
Prospect Capital Company Profile
Prospect Capital Corporation is a publicly traded business development company listed on the Nasdaq stock exchange that specializes in providing private debt and equity financing solutions to middle-market companies across the United States. Structured as a closed-end, non-diversified management investment company under the Investment Company Act of 1940, Prospect Capital offers investors access to a diversified portfolio of senior secured loans, subordinated debt and selective equity interests in privately held businesses.
Since its founding in 2004, Prospect Capital has focused on tailoring financing structures to meet the growth, acquisition and recapitalization needs of its portfolio companies.
See Also
- Five stocks we like better than Prospect Capital
- Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
- GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus
- Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer
- Sovereign AI: Palantir and Nebius Cut the Cloud Cord
Receive News & Ratings for Prospect Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prospect Capital and related companies with MarketBeat.com's FREE daily email newsletter.
