News stories about Prospect Capital (NASDAQ:PSEC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Prospect Capital earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.5184952358268 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Prospect Capital Corporation (PSEC) : Analysts Watch-List Stock (wallstreetmorning.com)
- Prospect Capital Co. (PSEC) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Prospect Capital Corporation (PSEC) EPS Estimated At $0.18 as of May, 8 (thecasualsmart.com)
- Prospect Capital (PSEC) Downgraded by BidaskClub (americanbankingnews.com)
Several analysts have weighed in on PSEC shares. ValuEngine raised shares of Prospect Capital from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. BidaskClub raised shares of Prospect Capital from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. BMO Capital Markets reissued a “hold” rating and issued a $7.00 price target on shares of Prospect Capital in a research note on Monday, January 8th. Zacks Investment Research raised shares of Prospect Capital from a “sell” rating to a “hold” rating and set a $7.75 price target for the company in a research note on Thursday, January 11th. Finally, National Securities reissued a “sell” rating and issued a $4.00 price target on shares of Prospect Capital in a research note on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Prospect Capital presently has a consensus rating of “Hold” and a consensus target price of $6.81.
PSEC stock opened at $6.39 on Tuesday. Prospect Capital has a 12-month low of $5.51 and a 12-month high of $9.45. The stock has a market capitalization of $2,331.85, a price-to-earnings ratio of 7.52 and a beta of 0.42. The company has a debt-to-equity ratio of 0.73, a quick ratio of 4.32 and a current ratio of 4.32.
Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Prospect Capital had a net margin of 31.02% and a return on equity of 8.36%. The firm had revenue of $162.40 million for the quarter, compared to analysts’ expectations of $153.94 million. During the same quarter in the previous year, the company earned $0.28 earnings per share. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. equities analysts predict that Prospect Capital will post 0.74 EPS for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Friday, March 30th will be given a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.27%. The ex-dividend date of this dividend is Wednesday, March 28th. Prospect Capital’s payout ratio is 84.71%.
In other news, insider John F. Barry acquired 269,197 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average price of $6.63 per share, for a total transaction of $1,784,776.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John F. Barry acquired 48,117 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was purchased at an average price of $6.70 per share, for a total transaction of $322,383.90. Following the transaction, the insider now directly owns 33,671,688 shares of the company’s stock, valued at approximately $225,600,309.60. The disclosure for this purchase can be found here. Insiders acquired 954,870 shares of company stock worth $6,357,884 in the last 90 days. Corporate insiders own 7.10% of the company’s stock.
About Prospect Capital
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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