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

Prospect Capital Co. (NASDAQ:PSEC) COO M Grier Eliasek bought 5,000 shares of Prospect Capital stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average price of $4.65 per share, with a total value of $23,250.00. Following the completion of the acquisition, the chief operating officer now owns 1,691,130 shares in the company, valued at approximately $7,863,754.50. The trade was a 0.30 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, November 18th, M Grier Eliasek purchased 5,000 shares of Prospect Capital stock. The stock was purchased at an average cost of $4.46 per share, for a total transaction of $22,300.00.

Prospect Capital Stock Performance

PSEC opened at $4.83 on Friday. 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 50 day moving average price is $5.10 and its two-hundred day moving average price is $5.30. Prospect Capital Co. has a 12-month low of $4.15 and a 12-month high of $6.30.

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

Prospect Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.54 annualized dividend and a dividend yield of 11.18%. Prospect Capital’s payout ratio is -276.92%.

Institutional Investors Weigh In On Prospect Capital

Several hedge funds have recently made changes to their positions in the stock. Sheaff Brock Investment Advisors LLC raised its holdings in Prospect Capital by 7.4% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 29,260 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 2,010 shares in the last quarter. Strategies Wealth Advisors LLC raised its stake in shares of Prospect Capital by 7.2% in the third quarter. Strategies Wealth Advisors LLC now owns 33,957 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 2,277 shares in the last quarter. Moloney Securities Asset Management LLC lifted its position in Prospect Capital by 4.7% in the second quarter. Moloney Securities Asset Management LLC now owns 63,802 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 2,875 shares during the period. IFG Advisory LLC boosted its stake in Prospect Capital by 9.0% during the second quarter. IFG Advisory LLC now owns 36,195 shares of the financial services provider’s stock worth $200,000 after buying an additional 3,000 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Prospect Capital by 34.9% in the 3rd quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider’s stock valued at $76,000 after buying an additional 3,686 shares during the period. Institutional investors own 9.06% of the company’s stock.

Analysts Set New Price Targets

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

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.