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

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

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

• On Monday, November 18th, M Grier Eliasek bought 5,000 shares of Prospect Capital stock. The stock was bought at an average price of $4.46 per share, with a total value of $22,300.00.

Prospect Capital Stock Performance

Shares of Prospect Capital stock opened at $4.83 on Friday. The firm has a market cap of $2.11 billion, a PE ratio of -18.58 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. Prospect Capital Co. has a 52 week low of $4.15 and a 52 week high of $6.30. The business’s fifty day simple moving average is $5.10 and its 200-day simple moving average is $5.30.

Prospect Capital (NASDAQ:PSEC) last posted its 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 company had revenue of $196.31 million for the quarter.

Prospect Capital Dividend Announcement

The business also recently announced 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. The ex-dividend date is Wednesday, January 29th. This represents a $0.54 annualized dividend and a yield of 11.18%. Prospect Capital’s dividend payout ratio (DPR) is presently -276.92%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PSEC. Wells Fargo & Company dropped their price objective 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. StockNews.com cut shares of Prospect Capital from a “hold” rating to a “sell” rating in a research note on Friday, August 30th.

Institutional Trading of Prospect Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSEC. Rothschild Investment LLC acquired a new stake in shares of Prospect Capital in the second quarter valued at $27,000. MWA Asset Management acquired a new position in Prospect Capital in the 3rd quarter valued at about $53,000. Global Assets Advisory LLC purchased a new stake in Prospect Capital during the third quarter worth about $64,000. Family Wealth Partners LLC acquired a new stake in shares of Prospect Capital during the third quarter worth about $74,000. Finally, Captrust Financial Advisors boosted its stake in shares of Prospect Capital by 34.9% in the third quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 3,686 shares during the period. Hedge funds and other institutional investors own 9.06% of the company’s stock.

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.