Dask Kristin Lea Van Purchases 5,000 Shares of Prospect Capital Co. (NASDAQ:PSEC) Stock

Prospect Capital Co. (NASDAQ:PSEC) CFO Dask Kristin Lea Van bought 5,000 shares of Prospect Capital stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average cost of $5.68 per share, for a total transaction of $28,400.00. Following the purchase, the chief financial officer now owns 5,000 shares in the company, valued at approximately $28,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Prospect Capital Price Performance

Shares of Prospect Capital stock opened at $5.81 on Thursday. The company has a market capitalization of $2.38 billion, a PE ratio of 52.82 and a beta of 1.00. Prospect Capital Co. has a 1-year low of $5.03 and a 1-year high of $7.83. The business has a 50-day moving average of $5.81 and a 200-day moving average of $6.11. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89.

Prospect Capital (NASDAQ:PSEC) last issued its earnings results on Tuesday, August 29th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Prospect Capital had a net margin of 10.27% and a return on equity of 13.30%. The firm had revenue of $221.50 million for the quarter, compared to analysts’ expectations of $220.43 million. As a group, equities analysts forecast that Prospect Capital Co. will post 0.86 EPS for the current fiscal year.

Prospect Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Monday, January 29th will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, January 26th. This represents a $0.72 dividend on an annualized basis and a yield of 12.39%. Prospect Capital’s dividend payout ratio (DPR) is 654.60%.

Institutional Investors Weigh In On Prospect Capital

A number of institutional investors have recently added to or reduced their stakes in PSEC. Creative Planning increased its holdings in shares of Prospect Capital by 32.8% in the second quarter. Creative Planning now owns 56,517 shares of the financial services provider’s stock valued at $350,000 after buying an additional 13,952 shares in the last quarter. MAI Capital Management raised its stake in Prospect Capital by 16.2% during the 1st quarter. MAI Capital Management now owns 15,225 shares of the financial services provider’s stock valued at $106,000 after purchasing an additional 2,120 shares during the period. WealthPLAN Partners LLC raised its stake in Prospect Capital by 458.7% during the 2nd quarter. WealthPLAN Partners LLC now owns 8,330 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 6,839 shares during the period. WMG Financial Advisors LLC raised its stake in Prospect Capital by 57.4% during the 2nd quarter. WMG Financial Advisors LLC now owns 18,100 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 6,600 shares during the period. Finally, CWM LLC raised its stake in Prospect Capital by 391.2% during the 1st quarter. CWM LLC now owns 10,542 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 8,396 shares during the period. 8.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Prospect Capital from a “hold” rating to a “sell” rating in a research report on Monday.

Prospect Capital Company Profile

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.