Prospect Capital (PSEC) to Release Quarterly Earnings on Thursday

Prospect Capital (NASDAQ:PSEC) will likely be posting its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Prospect Capital to post earnings of $0.16 per share and revenue of $189.67 million for the quarter.

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

Prospect Capital Trading Down 1.2 %

NASDAQ:PSEC opened at $4.23 on Wednesday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.65. The stock’s 50 day simple moving average is $4.37 and its 200-day simple moving average is $4.87. Prospect Capital has a 12-month low of $4.09 and a 12-month high of $5.86. The firm has a market cap of $1.85 billion, a P/E ratio of -16.27 and a beta of 0.99.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Prospect Capital from a “sell” rating to a “hold” rating in a research report on Friday, December 6th.

Insider Buying and Selling at Prospect Capital

In related news, COO M Grier Eliasek acquired 210,000 shares of Prospect Capital stock in a transaction that occurred on Friday, November 29th. The stock was purchased at an average price of $4.81 per share, for a total transaction of $1,010,100.00. Following the completion of the purchase, the chief operating officer now directly owns 2,131,130 shares of the company’s stock, valued at approximately $10,250,735.30. This trade represents a 10.93 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John F. Barry bought 205,900 shares of the stock in a transaction on Friday, November 15th. The shares were bought at an average price of $4.40 per share, for a total transaction of $905,960.00. Following the completion of the transaction, the chief executive officer now directly owns 72,612,839 shares of the company’s stock, valued at $319,496,491.60. This trade represents a 0.28 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 5,273,173 shares of company stock valued at $23,701,420. 27.10% of the stock is owned by corporate insiders.

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.