Media coverage about Prospect Capital Corporation (NASDAQ:PSEC) has trended somewhat negative this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Prospect Capital Corporation earned a news sentiment score of -0.06 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.7103187145728 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Brian H. Oswald Acquires 50,000 Shares of Prospect Capital Corporation (PSEC) Stock (americanbankingnews.com)
- Investor to spot High Dividend: Prospect Capital Corporation (PSEC) triggering 10.75% Yield – Voice Of Analysts (analystsbuzz.com)
- Technical Facts to Know: Prospect Capital Corporation (PSEC) traded -30.06% away from 52-Week High – Voice Of Analysts (analystsbuzz.com)
- Fully Assessing Prospect Capital’s Results For Fiscal Q4 2017 (Including Current Recommendation) – Seeking Alpha (seekingalpha.com)
- Prospect Capital Corporation (PSEC) Downgraded by Zacks Investment Research (americanbankingnews.com)
Prospect Capital Corporation (NASDAQ PSEC) opened at 6.80 on Monday. Prospect Capital Corporation has a 12-month low of $6.54 and a 12-month high of $9.58. The company has a 50 day moving average price of $7.59 and a 200-day moving average price of $8.42.
Prospect Capital Corporation (NASDAQ:PSEC) last released its quarterly earnings data on Monday, August 28th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.02. The business had revenue of $166.70 million during the quarter, compared to analyst estimates of $177.21 million. Prospect Capital Corporation had a net margin of 36.08% and a return on equity of 8.98%. The business’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same period last year, the business earned $0.26 earnings per share. On average, analysts predict that Prospect Capital Corporation will post $0.78 EPS for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Tuesday, October 31st will be paid a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 10.59%. The ex-dividend date of this dividend is Monday, October 30th. Prospect Capital Corporation’s dividend payout ratio (DPR) is presently 142.86%.
PSEC has been the topic of several recent analyst reports. Raymond James Financial, Inc. upgraded shares of Prospect Capital Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 30th. BidaskClub upgraded shares of Prospect Capital Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. UBS AG upgraded shares of Prospect Capital Corporation from an “underperform” rating to a “market perform” rating in a research note on Wednesday, August 30th. Zacks Investment Research upgraded shares of Prospect Capital Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. Finally, National Securities restated a “sell” rating and issued a $7.00 target price on shares of Prospect Capital Corporation in a research note on Monday, May 15th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Prospect Capital Corporation currently has a consensus rating of “Hold” and a consensus price target of $8.04.
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In other Prospect Capital Corporation news, CFO Brian H. Oswald acquired 50,000 shares of Prospect Capital Corporation stock in a transaction that occurred on Friday, September 1st. The shares were acquired at an average cost of $6.73 per share, with a total value of $336,500.00. Following the completion of the purchase, the chief financial officer now directly owns 493,373 shares of the company’s stock, valued at approximately $3,320,400.29. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.60% of the company’s stock.
Prospect Capital Corporation 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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