Media stories about Prospect Capital (NASDAQ:PSEC) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Prospect Capital earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 44.9662476405918 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Notable Active Movers: Prospect Capital Corporation, (NASDAQ … – TNN (tradingnewsnow.com)
- Prospect Capital Corporation (PSEC) stock triggers Dividend Yield at 10.99% – Nasdaq Chronicle (nasdaqchronicle.com)
- Insider Buying: Prospect Capital Co. (PSEC) Insider Buys 84,100 Shares of Stock (americanbankingnews.com)
- Key Market Mover: Prospect Capital Cp (PSEC) – Emn News (emnnews.com)
- Zacks: Brokerages Expect Prospect Capital Co. (PSEC) Will Announce Earnings of $0.18 Per Share (americanbankingnews.com)
Prospect Capital (NASDAQ:PSEC) opened at $6.50 on Tuesday. Prospect Capital has a 52 week low of $5.51 and a 52 week high of $9.45. The stock has a market cap of $2,368.00, a P/E ratio of 11.61 and a beta of 0.42. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.73.
The company also recently declared a monthly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Friday, March 30th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.08%. Prospect Capital’s dividend payout ratio is 128.57%.
Several analysts have recently commented on the stock. BidaskClub cut shares of Prospect Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, March 14th. Zacks Investment Research raised shares of Prospect Capital from a “sell” rating to a “hold” rating and set a $7.75 price objective on the stock in a research note on Thursday, January 11th. ValuEngine cut shares of Prospect Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Prospect Capital in a research note on Monday, January 8th. Finally, National Securities reaffirmed a “sell” rating and issued a $4.00 price objective on shares of Prospect Capital in a research note on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $6.81.
In other news, insider John F. Barry purchased 993,900 shares of Prospect Capital stock in a transaction dated Friday, December 22nd. The shares were bought at an average cost of $7.21 per share, with a total value of $7,166,019.00. Following the completion of the transaction, the insider now directly owns 32,187,564 shares in the company, valued at approximately $232,072,336.44. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John F. Barry purchased 180,062 shares of Prospect Capital stock in a transaction dated Wednesday, December 20th. The shares were purchased at an average cost of $6.96 per share, for a total transaction of $1,253,231.52. Following the completion of the transaction, the chief executive officer now owns 30,431,275 shares of the company’s stock, valued at $211,801,674. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 2,080,054 shares of company stock worth $14,471,377. Insiders own 7.10% of the company’s stock.
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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