From Investing.com: 2024-09-17 16:04:36

In a notable transaction, Prospect Capital Corp’s COO, M. Grier Eliasek, bought 5,000 shares of common stock at $5.44 per share, totaling $27,200. This adds to his significant holdings in the company, showcasing confidence in Prospect Capital’s future prospects as insider buying can indicate positive momentum.

Prospect Capital Corporation reported strong Q4 earnings, with a net investment income of $102.9 million and a net asset value of $3.71 billion. Wells Fargo adjusted their price target to $4.50, citing a lower SOFR curve and revised net operating income forecasts for fiscal years 2025 and 2026. The company emphasized its balance sheet strength and strategic investment approach.

With a market capitalization of $2.32 billion, Prospect Capital’s P/E ratio is 15.28, reflecting earnings potential. The company generated $861.66 million in revenue over the last twelve months, with a modest growth rate. Notably, Prospect Capital pays a substantial dividend yield of 13.11% and has maintained dividend payments for 21 consecutive years, bolstering investor confidence.

Investors can access more insights on Prospect Capital’s performance and potential on InvestingPro. The company’s profitability over the last twelve months and strong dividend history offer compelling reasons to explore further investment opportunities. Learn more about Prospect Capital’s financial standing and growth prospects on the InvestingPro platform.



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