Shares of Prospect Capital Corp. (NASDAQ:PSEC) have received an average recommendation of “Hold” from the twelve ratings firms that are covering the firm. Four analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $7.56.

PSEC has been the subject of several research analyst reports. Vetr upgraded Prospect Capital Corp. from a “hold” rating to a “buy” rating and set a $8.72 price target for the company in a report on Wednesday, September 21st. FBR & Co restated a “buy” rating and set a $9.00 price target on shares of Prospect Capital Corp. in a report on Thursday, November 10th. Barclays PLC restated an “equal weight” rating and set a $7.00 price target on shares of Prospect Capital Corp. in a report on Wednesday, August 31st. BMO Capital Markets restated a “hold” rating on shares of Prospect Capital Corp. in a report on Thursday, November 10th. Finally, TheStreet cut Prospect Capital Corp. from a “buy” rating to a “hold” rating in a report on Thursday, November 10th.

In other Prospect Capital Corp. news, CFO Brian H. Oswald purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was purchased at an average cost of $7.85 per share, with a total value of $31,400.00. Following the purchase, the chief financial officer now owns 480,000 shares of the company’s stock, valued at $3,768,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.60% of the company’s stock.

A number of large investors have recently modified their holdings of PSEC. Acrospire Investment Management LLC purchased a new stake in shares of Prospect Capital Corp. during the second quarter worth $102,000. Paragon Capital Management Ltd raised its stake in shares of Prospect Capital Corp. by 25.9% in the second quarter. Paragon Capital Management Ltd now owns 13,410 shares of the company’s stock worth $105,000 after buying an additional 2,759 shares during the period. Blair William & Co. IL raised its stake in shares of Prospect Capital Corp. by 28.7% in the second quarter. Blair William & Co. IL now owns 13,450 shares of the company’s stock worth $105,000 after buying an additional 3,000 shares during the period. WealthTrust Fairport LLC purchased a new stake in shares of Prospect Capital Corp. during the third quarter worth $112,000. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Prospect Capital Corp. by 25.3% in the second quarter. Stratos Wealth Partners LTD. now owns 14,457 shares of the company’s stock worth $113,000 after buying an additional 2,919 shares during the period. 11.64% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece was reported by Financial Market News and is the propert of of Financial Market News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of international trademark and copyright laws. The correct version of this piece can be viewed at http://www.financial-market-news.com/analysts-set-prospect-capital-corp-psec-target-price-at-7-56/1211760/.

Prospect Capital Corp. (NASDAQ:PSEC) opened at 8.05 on Monday. The stock’s 50 day moving average price is $7.90 and its 200 day moving average price is $8.01. Prospect Capital Corp. has a 1-year low of $5.21 and a 1-year high of $8.68.

Prospect Capital Corp. (NASDAQ:PSEC) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.02. The firm had revenue of $179.83 million for the quarter, compared to analysts’ expectations of $185.46 million. Prospect Capital Corp. had a net margin of 20.34% and a return on equity of 10.25%. The business’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. On average, equities analysts anticipate that Prospect Capital Corp. will post $0.93 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 16th. Investors of record on Tuesday, January 31st will be paid a dividend of $0.0833 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.42%. The ex-dividend date of this dividend is Friday, January 27th. Prospect Capital Corp.’s dividend payout ratio is currently 227.28%.

About Prospect Capital Corp.

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.

5 Day Chart for NASDAQ:PSEC

Receive News & Ratings for Prospect Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prospect Capital Corp. and related companies with MarketBeat.com's FREE daily email newsletter.