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

Prospect Capital Co. (NASDAQ:PSEC) COO M Grier Eliasek purchased 5,000 shares of Prospect Capital stock in a transaction on Friday, November 22nd. The shares were acquired at an average cost of $4.72 per share, for a total transaction of $23,600.00. Following the completion of the transaction, the chief operating officer now owns 1,701,130 shares of the company’s stock, valued at $8,029,333.60. This represents a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 acquired at an average cost of $4.65 per share, with a total value of $23,250.00.
• On Monday, November 18th, M Grier Eliasek bought 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 Price Performance

NASDAQ PSEC opened at $4.75 on Friday. Prospect Capital Co. has a one year low of $4.15 and a one year high of $6.30. The company has a 50-day simple moving average of $5.06 and a 200-day simple moving average of $5.29. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.65.

Prospect Capital (NASDAQ:PSEC) last issued its earnings results on Friday, November 8th. The financial services provider reported $0.21 earnings per share for the quarter, topping the consensus estimate 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 firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be issued a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 11.37%. The ex-dividend date of this dividend is Wednesday, January 29th. Prospect Capital’s dividend payout ratio (DPR) is -207.69%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PSEC. Rothschild Investment LLC bought a new stake in shares of Prospect Capital during the 2nd quarter worth about $27,000. MWA Asset Management acquired a new position in shares of Prospect Capital during the 3rd quarter valued at $53,000. Global Assets Advisory LLC bought a new stake in shares of Prospect Capital in the 3rd quarter worth $64,000. Family Wealth Partners LLC acquired a new stake in shares of Prospect Capital in the third quarter valued at $74,000. Finally, Captrust Financial Advisors grew its holdings 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 during the period. 9.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.