Shares of Prospect Capital Co. (NASDAQ:PSEC) have received a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $6.50.
Several equities analysts have recently weighed in on the company. BidaskClub upgraded Prospect Capital from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 28th. ValuEngine upgraded Prospect Capital from a “sell” rating to a “hold” rating in a report on Thursday, July 5th. Zacks Investment Research upgraded Prospect Capital from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a report on Saturday, September 1st. TheStreet upgraded Prospect Capital from a “c+” rating to a “b” rating in a report on Tuesday, September 11th. Finally, National Securities restated a “sell” rating and set a $4.00 price target on shares of Prospect Capital in a report on Friday, August 31st.
Get Prospect Capital alerts:Large investors have recently modified their holdings of the company. Stephens Inc. AR bought a new position in shares of Prospect Capital during the second quarter valued at $150,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Prospect Capital during the first quarter valued at $185,000. Envestnet Asset Management Inc. increased its holdings in shares of Prospect Capital by 136.5% during the first quarter. Envestnet Asset Management Inc. now owns 28,737 shares of the financial services provider’s stock valued at $181,000 after acquiring an additional 16,585 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Prospect Capital by 265.4% during the second quarter. Creative Financial Designs Inc. ADV now owns 28,902 shares of the financial services provider’s stock valued at $194,000 after buying an additional 20,992 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Prospect Capital during the second quarter valued at $200,000. Hedge funds and other institutional investors own 11.88% of the company’s stock.
PSEC traded down $0.02 during trading on Friday, reaching $7.02. The stock had a trading volume of 1,544,400 shares, compared to its average volume of 1,686,971. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 8.97 and a beta of 0.57. Prospect Capital has a one year low of $5.51 and a one year high of $7.60.
Prospect Capital (NASDAQ:PSEC) last posted its quarterly earnings data on Tuesday, August 28th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Prospect Capital had a return on equity of 8.57% and a net margin of 45.58%. The business had revenue of $174.03 million during the quarter, compared to the consensus estimate of $161.76 million. During the same quarter in the prior year, the company earned $0.19 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that Prospect Capital will post 0.85 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, October 31st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.72 annualized dividend and a dividend yield of 10.26%. Prospect Capital’s payout ratio is presently 91.14%.
Prospect Capital Company Profile
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions.
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