Media coverage about Prospect Capital (NASDAQ:PSEC) has trended somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Prospect Capital earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 44.6829199126554 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Eye-Catching Hot Stocks – Prospect Capital Corporation (NASDAQ: PSEC) – Alpha Beta Stock (alphabetastock.com)
- Prospect Capital Corporation (PSEC) Expected to Post Quarterly Sales of $154.76 Million (americanbankingnews.com)
- BMO Capital Markets Reaffirms Hold Rating for Prospect Capital (PSEC) (americanbankingnews.com)
- Prospect Capital Sticking to Convertibles for 2018 Fund Raising (finance.yahoo.com)
- What to Expect for Prospect Capital’s Yield Expansion in 2018 (finance.yahoo.com)
A number of analysts recently commented on the company. Zacks Investment Research upgraded Prospect Capital from a “sell” rating to a “hold” rating and set a $7.75 price target on the stock in a report on Thursday. BidaskClub downgraded Prospect Capital from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. TheStreet downgraded Prospect Capital from a “b-” rating to a “c+” rating in a research report on Wednesday, September 27th. BMO Capital Markets reissued a “hold” rating and issued a $7.00 target price on shares of Prospect Capital in a research report on Monday, January 8th. Finally, ValuEngine upgraded Prospect Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $6.81.
Shares of Prospect Capital (NASDAQ:PSEC) remained flat at $$6.85 during mid-day trading on Friday. The stock had a trading volume of 1,384,685 shares, compared to its average volume of 2,870,000. Prospect Capital has a 52-week low of $5.51 and a 52-week high of $9.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.63 and a quick ratio of 2.63. The stock has a market cap of $2,470.00, a P/E ratio of 13.42 and a beta of 0.56.
Prospect Capital (NASDAQ:PSEC) last released its earnings results on Wednesday, November 8th. The financial services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Prospect Capital had a net margin of 27.00% and a return on equity of 8.63%. The company had revenue of $158.58 million during the quarter, compared to the consensus estimate of $161.00 million. During the same period last year, the firm posted $0.22 EPS. The company’s revenue was down 11.8% on a year-over-year basis. research analysts expect that Prospect Capital will post 0.72 earnings per share for the current year.
The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.72 dividend on an annualized basis and a yield of 10.52%. Prospect Capital’s dividend payout ratio is presently 141.18%.
In other Prospect Capital news, insider John F. Barry purchased 993,900 shares of Prospect Capital stock in a transaction that occurred on Friday, December 22nd. The shares were bought at an average price of $7.21 per share, for a total transaction of $7,166,019.00. Following the acquisition, the insider now directly owns 32,187,564 shares in the company, valued at $232,072,336.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian H. Oswald purchased 35,000 shares of Prospect Capital stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average price of $5.75 per share, for a total transaction of $201,250.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 4,604,521 shares of company stock worth $31,784,051. 7.10% of the stock is owned by company insiders.
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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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