Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry Purchases 240,000 Shares

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry purchased 240,000 shares of Prospect Capital stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $4.20 per share, for a total transaction of $1,008,000.00. Following the completion of the acquisition, the chief executive officer now owns 81,981,933 shares of the company’s stock, valued at approximately $344,324,118.60. The trade was a 0.29 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Prospect Capital Trading Up 0.5 %

Prospect Capital stock traded up $0.02 during mid-day trading on Monday, hitting $4.31. 2,287,988 shares of the stock were exchanged, compared to its average volume of 2,581,938. The firm’s fifty day simple moving average is $4.32 and its two-hundred day simple moving average is $4.70. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. Prospect Capital Co. has a 12 month low of $4.09 and a 12 month high of $5.72. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -21.55 and a beta of 0.94.

Prospect Capital Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a yield of 12.47%. Prospect Capital’s payout ratio is currently -270.00%.

Institutional Investors Weigh In On Prospect Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. Palogic Value Management L.P. grew its position in shares of Prospect Capital by 50.8% during the 4th quarter. Palogic Value Management L.P. now owns 351,294 shares of the financial services provider’s stock worth $1,514,000 after buying an additional 118,400 shares during the period. Comprehensive Money Management Services LLC bought a new position in Prospect Capital during the fourth quarter worth $72,000. Ameriflex Group Inc. bought a new stake in Prospect Capital in the fourth quarter valued at $62,000. Alpine Global Management LLC acquired a new position in shares of Prospect Capital during the fourth quarter valued at about $346,000. Finally, Focus Partners Advisor Solutions LLC boosted its position in shares of Prospect Capital by 21.8% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 25,229 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 4,524 shares in the last quarter. Institutional investors own 9.06% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Prospect Capital

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.