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 firm’s stock in a transaction on Tuesday, November 26th. The stock was bought at an average price of $4.72 per share, with a total value of $23,600.00. Following the purchase, the chief operating officer now directly owns 1,711,130 shares of the company’s stock, valued at $8,076,533.60. This represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, November 22nd, M Grier Eliasek bought 5,000 shares of Prospect Capital stock. The stock was purchased at an average cost of $4.72 per share, with a total value of $23,600.00.
• On Wednesday, November 20th, M Grier Eliasek acquired 5,000 shares of Prospect Capital stock. The stock was purchased at an average price 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 stock was acquired at an average cost of $4.46 per share, for a total transaction of $22,300.00.

Prospect Capital Stock Performance

NASDAQ:PSEC opened at $4.78 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of -18.38 and a beta of 1.00. The firm’s fifty day moving average price is $5.03 and its 200 day moving average price is $5.28. Prospect Capital Co. has a 1-year low of $4.15 and a 1-year high of $6.30.

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, beating 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 Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.54 annualized dividend and a dividend yield of 11.30%. Prospect Capital’s dividend payout ratio is currently -207.69%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Y.D. More Investments Ltd boosted its position in shares of Prospect Capital by 303.6% during the 2nd quarter. Y.D. More Investments Ltd now owns 5,062,879 shares of the financial services provider’s stock worth $29,064,000 after purchasing an additional 3,808,560 shares in the last quarter. Van ECK Associates Corp grew its position in Prospect Capital by 23.3% during the third quarter. Van ECK Associates Corp now owns 8,938,863 shares of the financial services provider’s stock worth $47,376,000 after buying an additional 1,690,290 shares during the period. International Assets Investment Management LLC increased its holdings in Prospect Capital by 344.0% in the third quarter. International Assets Investment Management LLC now owns 933,083 shares of the financial services provider’s stock valued at $4,992,000 after buying an additional 722,925 shares in the last quarter. TrueMark Investments LLC acquired a new stake in shares of Prospect Capital during the 2nd quarter valued at approximately $2,107,000. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of Prospect Capital in the 3rd quarter worth approximately $1,199,000. Institutional investors and hedge funds own 9.06% of the company’s stock.

Analyst Upgrades and Downgrades

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