Prospect Capital Co. (NASDAQ:PSEC) announced a monthly dividend on Wednesday, February 8th. Stockholders of record on Friday, April 28th will be given a dividend of 0.0833 per share by the financial services provider on Thursday, May 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.71%. The ex-dividend date of this dividend is Wednesday, April 26th.
Shares of Prospect Capital (NASDAQ:PSEC) opened at 9.34 on Friday. Prospect Capital has a 1-year low of $7.07 and a 1-year high of $9.58. The stock’s 50 day moving average price is $9.15 and its 200-day moving average price is $8.56. The company has a market capitalization of $3.36 billion, a PE ratio of 9.45 and a beta of 0.43.
Prospect Capital (NASDAQ:PSEC) last posted its quarterly earnings data on Wednesday, February 8th. The financial services provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. Prospect Capital had a return on equity of 9.96% and a net margin of 47.32%. The firm had revenue of $183.48 million for the quarter, compared to the consensus estimate of $184.83 million. During the same quarter last year, the company earned $0.28 earnings per share. On average, equities analysts predict that Prospect Capital will post $0.94 EPS for the current year.
In related news, CFO Brian H. Oswald bought 25,000 shares of the stock in a transaction dated Monday, March 20th. The shares were purchased at an average price of $9.31 per share, for a total transaction of $232,750.00. Following the completion of the purchase, the chief financial officer now directly owns 475,000 shares of the company’s stock, valued at $4,422,250. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.60% of the stock is owned by corporate insiders.
A number of analysts have issued reports on the company. Zacks Investment Research raised Prospect Capital from a “sell” rating to a “hold” rating in a research note on Thursday, February 23rd. TheStreet upgraded Prospect Capital from a “c+” rating to a “b” rating in a report on Monday, February 13th. Finally, National Securities reiterated a “sell” rating and issued a $7.00 target price on shares of Prospect Capital in a report on Monday, February 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Prospect Capital presently has an average rating of “Hold” and an average price target of $7.96.
Prospect Capital Company Profile
Prospect Capital Corporation is a financial services company. The Company primarily lends to and invests in middle market privately held companies. The Company is a closed-end investment company. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.
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