Prospect Capital (PSEC) to Release Quarterly Earnings on Thursday

Prospect Capital (NASDAQ:PSEC) is expected to be announcing its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $189.67 million for the quarter.

Prospect Capital (NASDAQ:PSEC) last announced its quarterly earnings results on Friday, November 8th. The financial services provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Prospect Capital had a negative net margin of 2.23% and a positive return on equity of 12.19%. The firm had revenue of $196.31 million during the quarter.

Prospect Capital Stock Down 0.5 %

Shares of NASDAQ:PSEC opened at $4.28 on Tuesday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.65. Prospect Capital has a 12 month low of $4.09 and a 12 month high of $5.86. The company has a 50-day moving average price of $4.38 and a 200 day moving average price of $4.87. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -16.46 and a beta of 0.99.

Insiders Place Their Bets

In related news, COO M Grier Eliasek purchased 210,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was purchased at an average price of $4.81 per share, with a total value of $1,010,100.00. Following the completion of the purchase, the chief operating officer now owns 2,131,130 shares of the company’s stock, valued at approximately $10,250,735.30. The trade was a 10.93 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John F. Barry purchased 205,900 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were bought at an average cost of $4.40 per share, with a total value of $905,960.00. Following the purchase, the chief executive officer now directly owns 72,612,839 shares of the company’s stock, valued at approximately $319,496,491.60. This represents a 0.28 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 5,273,173 shares of company stock valued at $23,701,420 over the last 90 days. Insiders own 27.10% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Prospect Capital from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

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.