Prospect Capital Corp (PSEC): Brian H Oswald , CFO of Prospect Capital Corp purchased 1,000 shares on Sep 12, 2016. The Insider buying transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were purchased at $7.85 per share for a total value of $7,850.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 6, 2016, Eugene S Stark (director) purchased 2,000 shares at $8.40 per share price.On Mar 3, 2016, M Grier Eliasek (COO) purchased 15,000 shares at $7.25 per share price.Also, On Feb 24, 2016, John F Barry (CEO) purchased 1,100,000 shares at $6.95 per share price.On Dec 16, 2015, Brian H Oswald (CFO) purchased 10,000 shares at $6.30 per share price.
Shares of Prospect Capital Corporation (PSEC) ended Monday, Sep 12, 2016 session in red amid volatile trading. The shares closed down -0.17 points or -2.08% at $8.02 with 8,493,144 shares getting traded. Post opening the session at $8.04, the shares hit an intraday low of $7.68 and an intraday high of $8.06 and the price vacillated in this range throughout the day. The company has a market cap of $2,869 M and the number of outstanding shares has been calculated to be 357,724,900 shares. The 52-week high of Prospect Capital Corporation is $8.68 and the 52-week low is $5.21.
On Aug 25, 2016, Prospect Capital Corporation announced a cash dividend of $0.0833. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 20, 2016.
Company has been under the radar of several Street Analysts.Prospect Capital Corporation is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 10 from a previous price target of $9 .The Rating was issued on Aug 31, 2016.
Prospect Capital Corporation is a financial services company. The Company is a non-diversified closed-end investment company. The Company’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions divestitures growth development recapitalizations and other purposes. The Company primarily lends to and invests in middle market privately-held companies. Its investments include lending in private equity sponsored transactions; lending directly to companies not owned by private equity firms; control investments in corporate operating companies; control investments in financial companies; investments in structured credit; real estate investments; investments in syndicated debt; aircraft leasing and online lending. The Company is managed by its investment adviser Prospect Capital Management L.P.