FBR & Co Lowers Prospect Capital Co
- Author: Zachary Reyes Jun 03, 2017,
Jun 03, 2017, 13:37
The financial services provider reported $0.20 EPS for the quarter, missing the Zacks' consensus estimate of $0.24 by $0.04. Essex Financial Services Inc. increased its stake in shares of Prospect Capital by 0.7% in the first quarter. The business is expected to report its next earnings results on Monday, September 4th.
Architects has invested 0.01% in Prospect Capital Corporation (NASDAQ:PSEC). Thanks to a rise of nearly 0.85% in the past five days, the stock price is now down -0.96% so far on the year - still in weak territory. Zacks Investment Research's EPS averages are an average based on a survey of sell-side research firms that follow Prospect Capital. This marks the 31st quarter that PSEC has paid the same dividend.
Analysts await Swift Transportation Co (NYSE:SWFT) to report earnings on July, 20. Prospect Capital had a return on equity of 9.96% and a net margin of 47.32%. The firm had revenue of $171 million during the quarter, compared to analysts' expectations of $185.36 million. During the same quarter in the previous year, the business earned $0.25 EPS.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, PSEC earned gross profit of 384.05 Million, in 2015 395.36 Million gross profit, while in 2016 Prospect Capital Corporation (PSEC) produced 405.15 Million profit. National Securities reaffirmed a "sell" rating and set a $7.00 price target on shares of Prospect Capital in a research report on Monday, May 15th. Raymond James downgraded Prospect Capital Corporation (NASDAQ:PSEC) on Thursday, February 11 to "Underperform" rating. National Securities initiated Prospect Capital Corporation (NASDAQ:PSEC) on Friday, January 29 with "Neutral" rating. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prospect Capital Co. and related companies with MarketBeat.com's FREE daily email newsletter. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of "Hold" and an average target price of $8.04. $9.13's average target is 14.41% above currents $7.98 stock price. The Mariner Investment Group Llc holds 266,300 shares with $9.22M value, up from 122,100 last quarter. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Institutional investors have recently made changes to their positions in the stock.
First Midwest Bank Trust Division raised its stake in shares of Prospect Capital Co. WealthTrust Fairport LLC acquired a new position in Prospect Capital during the third quarter worth $112,000. AlphaOne also gave news coverage about the financial services provider an impact score of 57 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the near future. LLC increased its stake in Prospect Capital by 50.9% in the first quarter. Global X Management Co. The insider OSWALD BRIAN H bought 25,000 shares worth $232,750. If the stock price is unchanged its weighted alpha will be smaller.
ILLEGAL ACTIVITY WARNING: This piece was posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and worldwide trademark and copyright law. Prospect Capital Corporation has far performed well this year, with the share price down -3.35% since January.
Shares of Prospect Capital (PSEC) traded up 1.38% during trading on Thursday, reaching $8.09. However, most financial instruments are traded after hours which mean that the closing price of a stock might not match the after-hours price. The firm has a 50-day moving average price of $8.80 and a 200-day moving average price of $8.73. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.22. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.09%. Prospect Capital's dividend payout ratio is presently 101.01%. Ameritas stated it has 0% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC). Opus Capital Group Llc who had been investing in Banco Latinoamercano for a number of months, seems to be less bullish one the $1.06 billion market cap company.