M Grier Eliasek Buys 5,000 Shares of Prospect Capital Co. (NASDAQ:PSEC) Stock

Prospect Capital Co. (NASDAQ:PSEC) COO M Grier Eliasek acquired 5,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were bought at an average cost of $4.72 per share, with a total value of $23,600.00. Following the completion of the acquisition, the chief operating officer now directly owns 1,701,130 shares in the company, valued at $8,029,333.60. The trade was a 0.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

M Grier Eliasek also recently made the following trade(s):

• On Wednesday, November 20th, M Grier Eliasek purchased 5,000 shares of Prospect Capital stock. The shares were purchased at an average cost of $4.65 per share, with a total value of $23,250.00.
• On Monday, November 18th, M Grier Eliasek acquired 5,000 shares of Prospect Capital stock. The shares were purchased at an average cost of $4.46 per share, for a total transaction of $22,300.00.

Prospect Capital Trading Down 1.5 %

Shares of Prospect Capital stock traded down $0.07 during trading on Tuesday, reaching $4.74. 2,545,555 shares of the stock were exchanged, compared to its average volume of 2,377,038. Prospect Capital Co. has a 1 year low of $4.15 and a 1 year high of $6.30. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of -18.23 and a beta of 1.00. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.65. The stock’s fifty day moving average is $5.09 and its 200 day moving average is $5.30.

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

Prospect Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be given a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a yield of 11.39%. The ex-dividend date of this dividend is Wednesday, January 29th. Prospect Capital’s payout ratio is currently -276.92%.

Analyst Ratings Changes

Several research firms recently issued reports on PSEC. StockNews.com lowered Prospect Capital from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Wells Fargo & Company decreased their target price on shares of Prospect Capital from $5.00 to $4.50 and set an “underweight” rating on the stock in a research note on Friday, August 30th.

Hedge Funds Weigh In On Prospect Capital

A number of institutional investors have recently bought and sold shares of the stock. Sheaff Brock Investment Advisors LLC grew its stake in Prospect Capital by 7.4% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 29,260 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 2,010 shares during the period. Strategies Wealth Advisors LLC grew its position in shares of Prospect Capital by 7.2% in the 3rd quarter. Strategies Wealth Advisors LLC now owns 33,957 shares of the financial services provider’s stock worth $182,000 after buying an additional 2,277 shares during the period. Moloney Securities Asset Management LLC increased its stake in shares of Prospect Capital by 4.7% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 63,802 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 2,875 shares in the last quarter. IFG Advisory LLC lifted its position in Prospect Capital by 9.0% during the 2nd quarter. IFG Advisory LLC now owns 36,195 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 3,000 shares during the period. Finally, Captrust Financial Advisors boosted its stake in Prospect Capital by 34.9% during the third quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 3,686 shares in the last quarter. 9.06% of the stock is owned by institutional investors.

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.