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

Prospect Capital Co. (NASDAQ:PSEC) COO M Grier Eliasek bought 5,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was purchased at an average cost 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 1,701,130 shares of the company’s stock, valued at $8,029,333.60. This represents a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, November 20th, M Grier Eliasek bought 5,000 shares of Prospect Capital stock. The stock was purchased at an average cost of $4.65 per share, for a total transaction of $23,250.00.
• On Monday, November 18th, M Grier Eliasek acquired 5,000 shares of Prospect Capital stock. The shares were bought at an average cost of $4.46 per share, for a total transaction of $22,300.00.

Prospect Capital Stock Down 0.5 %

NASDAQ PSEC opened at $4.74 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 company has a 50 day moving average price of $5.09 and a two-hundred day moving average price of $5.30. Prospect Capital Co. has a 12-month low of $4.15 and a 12-month high of $6.30.

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 Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be paid a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 11.39%. The ex-dividend date of this dividend is Wednesday, January 29th. Prospect Capital’s payout ratio is -276.92%.

Institutional Trading of Prospect Capital

A number of institutional investors and hedge funds have recently modified their holdings of the company. Rothschild Investment LLC bought a new position in Prospect Capital during the second quarter worth $27,000. Global Assets Advisory LLC bought a new position in Prospect Capital during the third quarter worth $64,000. Family Wealth Partners LLC bought a new position in Prospect Capital during the third quarter worth $74,000. Captrust Financial Advisors increased its position in Prospect Capital by 34.9% during the third quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 3,686 shares during the period. Finally, AE Wealth Management LLC bought a new position in Prospect Capital during the second quarter worth $80,000. 9.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. 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 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.

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.