Prospect Capital (PSEC) Projected to Post Quarterly Earnings on Thursday

Prospect Capital (NASDAQ:PSEC) is projected to release its earnings data 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 announced its quarterly earnings results on Friday, November 8th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $196.31 million for the quarter. Prospect Capital had a negative net margin of 2.23% and a positive return on equity of 12.19%.

Prospect Capital Stock Down 1.2 %

PSEC stock opened at $4.23 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.48 and a quick ratio of 0.48. Prospect Capital has a 12 month low of $4.09 and a 12 month high of $5.86. The firm has a market capitalization of $1.85 billion, a PE ratio of -16.27 and a beta of 0.99. The company’s 50 day simple moving average is $4.37 and its 200-day simple moving average is $4.87.

Insider Activity at Prospect Capital

In other Prospect Capital news, COO M Grier Eliasek bought 210,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was purchased at an average cost of $4.81 per share, for a total transaction of $1,010,100.00. Following the completion of the purchase, the chief operating officer now owns 2,131,130 shares of the company’s stock, valued at $10,250,735.30. This trade represents a 10.93 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John F. Barry purchased 2,000,000 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was acquired at an average cost of $4.29 per share, for a total transaction of $8,580,000.00. Following the completion of the purchase, the chief executive officer now owns 79,477,549 shares in the company, valued at $340,958,685.21. The trade was a 2.58 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 5,273,173 shares of company stock valued at $23,701,420. 27.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Prospect Capital from a “sell” rating to a “hold” rating in a research 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.