Media stories about Prospect Capital (NASDAQ:PSEC) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Prospect Capital earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 44.941339906818 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Miraculous Stock: Prospect Capital Corporation (NASDAQ:PSEC) – Market Breaking Point (press release) (journalfinance.net)
- Turning Focus Towards Prospect Capital Corporation (PSEC) and Boston Scientific Corporation (BSX) Technicals – Market Movers (financialqz.com)
- Insiders Are Aggressively Buying Shares Of This 10.7%-Yielding Dividend Dog – Seeking Alpha (seekingalpha.com)
- Benzinga’s Insider Buys Of The Week: Prospect Capital, Omega Healthcare Investors, And More (feeds.benzinga.com)
- Prospect Capital Corporation (PSEC) COO M Grier Eliasek Acquires 10,000 Shares (americanbankingnews.com)
A number of analysts have recently commented on the stock. TheStreet lowered shares of Prospect Capital from a “b-” rating to a “c+” rating in a research note on Wednesday, September 27th. BidaskClub upgraded shares of Prospect Capital from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. ValuEngine upgraded shares of Prospect Capital from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. BMO Capital Markets reduced their price target on shares of Prospect Capital from $7.00 to $6.00 and set a “market perform” rating for the company in a research note on Friday, November 10th. Finally, Zacks Investment Research lowered shares of Prospect Capital from a “hold” rating to a “sell” rating in a research note on Saturday, November 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Prospect Capital currently has a consensus rating of “Hold” and an average target price of $6.17.
Prospect Capital (NASDAQ:PSEC) last posted its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $158.58 million during the quarter, compared to analysts’ expectations of $161.00 million. Prospect Capital had a return on equity of 8.63% and a net margin of 27.00%. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 EPS. analysts expect that Prospect Capital will post 0.72 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.27%. The ex-dividend date is Tuesday, January 30th. Prospect Capital’s payout ratio is 141.18%.
In other news, insider John F. Barry purchased 995,883 shares of the stock in a transaction on Monday, November 20th. The shares were acquired at an average price of $6.98 per share, with a total value of $6,951,263.34. Following the completion of the acquisition, the insider now directly owns 25,219,413 shares of the company’s stock, valued at $176,031,502.74. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider M Grier Eliasek purchased 65,000 shares of the stock in a transaction on Friday, November 10th. The shares were purchased at an average cost of $5.65 per share, for a total transaction of $367,250.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 4,604,521 shares of company stock worth $31,784,051. 7.10% of the stock is currently owned by 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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