Prospect Capital (NASDAQ:PSEC) announced its earnings results on Tuesday. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02, Briefing.com reports. Prospect Capital had a return on equity of 8.57% and a net margin of 45.58%. The firm had revenue of $159.40 million during the quarter, compared to analyst estimates of $166.71 million. During the same period last year, the firm posted $0.18 EPS. The business’s revenue was up 7.6% compared to the same quarter last year.
Shares of PSEC stock traded up $0.13 on Wednesday, hitting $6.95. 4,075,938 shares of the stock were exchanged, compared to its average volume of 1,702,435. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 8.80 and a beta of 0.61. Prospect Capital has a one year low of $5.61 and a one year high of $7.60.
The company also recently declared a nov 19 dividend, which will be paid on Thursday, December 20th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.06 per share. Prospect Capital’s payout ratio is 91.14%.
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About Prospect Capital
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions.
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