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 stock in a transaction on Tuesday, November 26th. The shares were purchased at an average price 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 1,711,130 shares in the company, valued at approximately $8,076,533.60. This represents a 0.29 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

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

Prospect Capital Stock Up 1.1 %

Shares of Prospect Capital stock traded up $0.05 during trading on Friday, hitting $4.80. 1,437,850 shares of the stock traded hands, compared to its average volume of 2,377,055. The stock has a market cap of $2.09 billion, a P/E ratio of -18.38 and a beta of 1.00. The company has a fifty day moving average price of $5.05 and a two-hundred day moving average price of $5.28. Prospect Capital Co. has a twelve month low of $4.15 and a twelve month high of $6.30. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.48 and a current ratio of 0.48.

Prospect Capital (NASDAQ:PSEC) last posted its earnings results on Friday, November 8th. The financial services provider reported $0.21 earnings per share (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 firm had revenue of $196.31 million during the quarter.

Prospect Capital Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 11.25%. The ex-dividend date is Wednesday, January 29th. Prospect Capital’s payout ratio is -207.69%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PSEC. StockNews.com downgraded shares of Prospect Capital from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Wells Fargo & Company dropped their price target 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.

Institutional Trading of Prospect Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rothschild Investment LLC bought a new position in shares of Prospect Capital in the 2nd quarter valued at approximately $27,000. Global Assets Advisory LLC bought a new position in shares of Prospect Capital in the third quarter valued at approximately $64,000. Family Wealth Partners LLC bought a new position in shares of Prospect Capital in the third quarter valued at approximately $74,000. Captrust Financial Advisors lifted 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 worth $76,000 after buying an additional 3,686 shares during the last quarter. Finally, AE Wealth Management LLC acquired a new position in Prospect Capital in the 2nd quarter valued at $80,000. Institutional investors and hedge funds own 9.06% of the company’s stock.

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.