Cigna earnings beat by $0.04, revenue topped estimates
In a recent transaction, John F. Barry, the Chief Executive Officer of Prospect Capital Corp (NASDAQ:PSEC), acquired 240,000 shares of the company’s common stock. The shares were purchased at a price of $4.2455 each, amounting to a total transaction value of approximately $1.02 million. The purchase comes as PSEC trades near its 52-week low of $4.09, with the stock currently offering a significant 12.89% dividend yield. According to InvestingPro, the company has maintained dividend payments for 22 consecutive years. Following this acquisition, Barry’s direct ownership in the company increased to 81,741,933.36 shares. Additionally, Barry indirectly holds 338,872.745 shares through his spouse. This transaction was reported in a Form 4 filing with the Securities and Exchange Commission, dated March 12, 2025. With a market capitalization of $1.9 billion, PSEC’s financial health metrics suggest challenges ahead. Discover more comprehensive insider trading analysis and 5 additional key ProTips with InvestingPro.
In other recent news, Prospect Capital Corporation reported a challenging fourth quarter for 2024, with earnings and revenue falling short of expectations. The company posted an earnings per share (EPS) of -$0.07, missing the forecast of $0.14, while revenue reached $185.5 million, below the anticipated $197.7 million. Despite these results, the company’s net investment income was $86.4 million, or $0.20 per share, demonstrating a steady income stream. Prospect Capital’s portfolio showed a strategic focus, with 64.9% of its assets in first lien debt. The company’s net asset value (NAV) stood at $3.4 billion, or $7.84 per share, with a net debt to total assets ratio of 28.1%. Analysts did not provide any recent upgrades or downgrades for the company. Prospect Capital continues to emphasize its strategy of rotating assets into first lien senior secured middle market loans. The firm maintains a strong balance sheet with diversified funding sources, including a revolving credit facility and unsecured debt, to support its ongoing operations and future growth plans.
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