Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry Buys 24,000 Shares

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry acquired 24,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average cost of $4.24 per share, for a total transaction of $101,760.00. Following the purchase, the chief executive officer now owns 82,594,540 shares of the company’s stock, valued at approximately $350,200,849.60. The trade was a 0.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Prospect Capital Trading Down 1.2 %

Shares of PSEC opened at $4.18 on Friday. Prospect Capital Co. has a fifty-two week low of $4.09 and a fifty-two week high of $5.72. The stock has a fifty day moving average of $4.32 and a two-hundred day moving average of $4.65. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $1.86 billion, a PE ratio of -20.90 and a beta of 0.94.

Prospect Capital Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a yield of 12.47%. Prospect Capital’s dividend payout ratio (DPR) is presently -270.00%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Prospect Capital from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

Institutional Trading of Prospect Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Prospect Capital in the fourth quarter worth approximately $44,000. Centurion Wealth Management LLC purchased a new position in Prospect Capital during the fourth quarter worth approximately $46,000. Envision Financial Planning LLC acquired a new position in shares of Prospect Capital in the 4th quarter valued at $56,000. PFG Advisors acquired a new stake in shares of Prospect Capital during the 4th quarter worth $57,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Prospect Capital during the 4th quarter worth $62,000. Hedge funds and other institutional investors own 9.06% of the company’s stock.

Prospect Capital Company Profile

Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions.