The stock had a trading volume of 8,450,100 shares, compared to its average volume of 3,960,054. The stock had previously closed at $5.96. Stockholders of record on Wednesday, January 31st will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 12.08%. The insider now holds 450,000 shares of Prospect Capital Corporation (PSEC).
PSEC has been the topic of several research analyst reports. According to these analysts, the Low Revenue Estimate for Prospect Capital Corporation is 151.94 Million and the High Revenue Estimate is 166.09 Million. Zacks Investment Research upgraded shares of Prospect Capital Corporation from a "strong sell" rating to a "hold" rating in a research report on Wednesday, November 1st. Analysts reported that the Price Target for Prospect Capital Corporation might touch $7 high while the Average Price Target and Low price Target is $5.75 and $5 respectively. California-based Wells Fargo & Co Mn has invested 0% in Prospect Capital Corporation (NASDAQ:PSEC). National Securities reduced their price target on Prospect Capital Corporation from $7.00 to $6.00 and set a "sell" rating on the stock in a research report on Wednesday, August 30th.
In the last three months, insiders executed a total of 2 trades. The forecast of 0 surveyed investment analysts covering the stock advises investors to Buy stake in the company.More news: Maronite cardinal hopes to meet Lebanese PM in Saudi Arabia
Analysts await Prospect Capital Corporation (NASDAQ:PSEC) to report earnings on February, 14. Among active positions in the latest quarter, 89 holders increased their positions by a total of 5.55 million shares, 108 holders decreased the positions by a total of 8.81 million shares, and 36 holders held their positions.
Analysts are also projecting an Average Revenue Estimate for Prospect Capital Corporation as $161050 in the Current Quarter. The return on equity ratio or ROE stands at 7.4 percent while most common profitability ratio return on investment (ROI) was 5 percent. The firm had revenue of $193.04 million for the quarter. During the same period in the previous year, the firm posted $0.25 earnings per share.
In other news, CFO Brian H. Oswald bought 4,000 shares of the stock in a transaction on Tuesday, September 13th. The shares were bought at an average cost of $6.73 per share, for a total transaction of $336,500.00. Following the completion of the purchase, the chief financial officer now directly owns 480,000 shares of the company's stock, valued at approximately $3,768,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The company was maintained on Friday, October 6 by BMO Capital Markets. There were 35 sold out positions, amounting to 2.87 million shares. Advisors Asset Management Inc. boosted its holdings in Prospect Capital Corporation by 9.9% in the 2nd quarter. Essex Financial Services Inc. now owns 28,742 shares of the company's stock worth $225,000 after buying an additional 385 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Prospect Capital Corporation in the 2nd quarter valued at about $7,697,000.More news: Shark hits surfer on NSW Central Coast
Institutional investors now hold around $310 million or 16% in PSEC stock.
Institutions own 15.30% of Prospect Capital Corporation (PSEC)'s shares. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & worldwide trademark and copyright law. Commonwealth Equity Svcs Incorporated holds 0.04% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC) for 749,097 shares.
Prospect Capital Corporation is a financial services company. The company operates in the Financial Services sector with a market capitalization of 2.02 Million. The Company is a closed-end investment company. Prospect Capital's investment objective is to generate both current income and capital appreciation through debt and equity investments.More news: Arthur Collins trial: Co-accused cleared over club acid attack
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