Prospect Capital Co. (NASDAQ:PSEC – Get Free Report) CFO Dask Kristin Lea Van purchased 5,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were acquired at an average price of $5.68 per share, for a total transaction of $28,400.00. Following the purchase, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at approximately $28,400. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Prospect Capital Price Performance
Shares of NASDAQ PSEC opened at $5.81 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. Prospect Capital Co. has a 52 week low of $5.03 and a 52 week high of $7.83. The business’s 50 day moving average price is $5.81 and its 200 day moving average price is $6.11. The firm has a market cap of $2.38 billion, a P/E ratio of 52.82 and a beta of 1.00.
Prospect Capital (NASDAQ:PSEC – Get Free Report) last announced its quarterly earnings results on Tuesday, August 29th. The financial services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Prospect Capital had a return on equity of 13.30% and a net margin of 10.27%. The company had revenue of $221.50 million for the quarter, compared to the consensus estimate of $220.43 million. On average, sell-side analysts expect that Prospect Capital Co. will post 0.86 earnings per share for the current year.
Prospect Capital Dividend Announcement
Institutional Investors Weigh In On Prospect Capital
Hedge funds and other institutional investors have recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of Prospect Capital in the 3rd quarter valued at $34,000. Global Retirement Partners LLC grew its position in Prospect Capital by 56.7% during the first quarter. Global Retirement Partners LLC now owns 6,267 shares of the financial services provider’s stock valued at $39,000 after buying an additional 2,267 shares during the period. Ameritas Advisory Services LLC purchased a new position in Prospect Capital in the first quarter valued at $45,000. WealthPLAN Partners LLC raised its position in shares of Prospect Capital by 458.7% in the second quarter. WealthPLAN Partners LLC now owns 8,330 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 6,839 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Prospect Capital during the 2nd quarter worth about $61,000. Institutional investors and hedge funds own 8.09% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Prospect Capital from a “hold” rating to a “sell” rating in a research report on Monday.
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.
- Five stocks we like better than Prospect Capital
- 3 Warren Buffett Stocks to Buy Now
- Buffett’s latest portfolio additions, trims, and cuts in Q3
- Breakout Stocks: What They Are and How to Identify Them
- 5 reasons TJX Companies will hit new highs in 2024
- Video Game Stocks: How to Invest in Gaming
- Game-changing news for Ambarella puts the market in reversal
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.