Prospect Capital Co. (NASDAQ:PSEC – Get Free Report) 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
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.
Get Our Latest Stock Analysis on Prospect Capital
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.
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