Prospect Capital Co. (NASDAQ:PSEC) announced a monthly dividend on Friday, February 9th, Wall Street Journal reports. Stockholders of record on Wednesday, February 28th will be given a dividend of 0.06 per share by the financial services provider on Thursday, March 22nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.64%. The ex-dividend date of this dividend is Tuesday, February 27th.
Shares of Prospect Capital (PSEC) opened at $6.77 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 4.32 and a quick ratio of 2.63. Prospect Capital has a 12 month low of $5.51 and a 12 month high of $9.58. The company has a market cap of $2,540.00, a price-to-earnings ratio of 11.88 and a beta of 0.48.
Prospect Capital (NASDAQ:PSEC) last released its earnings results on Wednesday, February 7th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. Prospect Capital had a net margin of 31.02% and a return on equity of 8.36%. The company had revenue of $162.40 million for the quarter, compared to the consensus estimate of $153.94 million. During the same quarter in the previous year, the company earned $0.28 EPS. Prospect Capital’s quarterly revenue was down 11.5% compared to the same quarter last year. sell-side analysts anticipate that Prospect Capital will post 0.72 earnings per share for the current year.
A number of research firms recently issued reports on PSEC. BidaskClub upgraded shares of Prospect Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. ValuEngine upgraded shares of Prospect Capital from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. BMO Capital Markets reiterated a “hold” rating and set a $7.00 target price on shares of Prospect Capital in a research report on Monday, January 8th. Zacks Investment Research downgraded shares of Prospect Capital from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. Finally, National Securities dropped their target price on shares of Prospect Capital from $5.00 to $4.00 and set a “sell” rating on the stock in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $6.81.
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About Prospect Capital
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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