Prospect Capital (PSEC) to Release Quarterly Earnings on Thursday

Prospect Capital (NASDAQ:PSEC) is expected to be releasing 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 earnings results on Friday, November 8th. The financial services provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Prospect Capital had a positive return on equity of 12.19% and a negative net margin of 2.23%. The company had revenue of $196.31 million for the quarter.

Prospect Capital Price Performance

Shares of Prospect Capital stock opened at $4.28 on Tuesday. Prospect Capital has a one year low of $4.09 and a one year high of $5.86. The stock’s fifty day moving average is $4.38 and its 200 day moving average is $4.87. The stock has a market cap of $1.87 billion, a P/E ratio of -16.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.48 and a current ratio of 0.48.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Prospect Capital from a “sell” rating to a “hold” rating in a report on Friday, December 6th.

Insider Buying and Selling

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

About Prospect Capital

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.