Prospect Capital (PSEC) Projected to Post Earnings on Thursday

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

Prospect Capital Stock Performance

NASDAQ PSEC opened at $4.25 on Thursday. Prospect Capital has a 52-week low of $4.09 and a 52-week high of $6.15. The business’s 50-day moving average price is $4.41 and its 200 day moving average price is $4.91. The firm has a market cap of $1.85 billion, a P/E ratio of -16.35 and a beta of 0.99. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.65.

Prospect Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 12.71%. The ex-dividend date of this dividend is Wednesday, January 29th. Prospect Capital’s dividend payout ratio is presently -207.69%.

Insider Buying and Selling at Prospect Capital

In related news, COO M Grier Eliasek purchased 210,000 shares of Prospect Capital stock in a transaction dated Friday, November 29th. The stock was bought at an average cost of $4.81 per share, for a total transaction of $1,010,100.00. Following the transaction, the chief operating officer now owns 2,131,130 shares in the company, valued at approximately $10,250,735.30. The trade was a 10.93 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John F. Barry purchased 205,900 shares of Prospect Capital stock in a transaction dated Friday, November 15th. The shares were bought at an average price of $4.40 per share, with a total value of $905,960.00. Following the completion of the transaction, the chief executive officer now owns 72,612,839 shares in the company, valued at approximately $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.

Analyst Upgrades and Downgrades

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

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.