Prospect Capital Co. (PSEC) To Go Ex-Dividend on February 26th

Prospect Capital Co. (NASDAQ:PSEC) announced a dividend on Thursday, February 6th, NASDAQ Dividends reports. Investors of record on Wednesday, February 26th will be paid a dividend of 0.045 per share by the financial services provider on Thursday, March 20th. The ex-dividend date of this dividend is Wednesday, February 26th.

Prospect Capital has decreased its dividend payment by an average of 2.1% per year over the last three years. Prospect Capital has a dividend payout ratio of 101.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Prospect Capital Stock Performance

Shares of Prospect Capital stock opened at $4.44 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $1.97 billion, a P/E ratio of -22.20 and a beta of 0.99. The firm has a 50 day simple moving average of $4.31 and a 200 day simple moving average of $4.77. Prospect Capital has a fifty-two week low of $4.09 and a fifty-two week high of $5.86.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Prospect Capital

In other news, CEO John F. Barry purchased 2,000,000 shares of Prospect Capital stock in a transaction dated Tuesday, December 24th. The shares were bought at an average cost of $4.29 per share, with a total value of $8,580,000.00. Following the completion of the transaction, the chief executive officer now directly owns 79,477,549 shares in the company, valued at $340,958,685.21. This trade represents a 2.58 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO M Grier Eliasek purchased 210,000 shares of Prospect Capital stock in a transaction dated Friday, November 29th. The shares were purchased at an average cost of $4.81 per share, for a total transaction of $1,010,100.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,215,000 shares of company stock valued at $9,613,700. 27.10% of the stock is currently owned by insiders.

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.