Prospect Capital Co. (NASDAQ:PSEC) Shares Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. grew its stake in shares of Prospect Capital Co. (NASDAQ:PSEC) by 66.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,410 shares of the financial services provider’s stock after purchasing an additional 14,592 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Prospect Capital were worth $218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. acquired a new position in shares of Prospect Capital during the third quarter worth about $34,000. Private Trust Co. NA lifted its stake in shares of Prospect Capital by 54.3% during the fourth quarter. Private Trust Co. NA now owns 7,736 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 2,722 shares in the last quarter. WealthPlan Investment Management LLC acquired a new position in shares of Prospect Capital during the third quarter worth about $62,000. Fox Run Management L.L.C. acquired a new position in shares of Prospect Capital in the third quarter worth about $64,000. Finally, Merit Financial Group LLC acquired a new position in shares of Prospect Capital in the third quarter worth about $75,000. Institutional investors and hedge funds own 9.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company boosted their price target on Prospect Capital from $5.50 to $5.75 and gave the stock an “underweight” rating in a research note on Monday, January 29th.

Insider Buying and Selling at Prospect Capital

In other news, CFO Dask Kristin Lea Van acquired 5,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were purchased at an average price of $5.44 per share, for a total transaction of $27,200.00. Following the completion of the purchase, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $54,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 26.69% of the stock is currently owned by insiders.

Prospect Capital Stock Performance

NASDAQ:PSEC opened at $5.24 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.67. Prospect Capital Co. has a one year low of $5.03 and a one year high of $6.84. The business’s 50-day simple moving average is $5.51 and its 200 day simple moving average is $5.71.

Prospect Capital (NASDAQ:PSEC) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. Prospect Capital had a positive return on equity of 13.48% and a negative net margin of 1.47%. The firm had revenue of $210.94 million for the quarter, compared to analysts’ expectations of $226.14 million. Research analysts forecast that Prospect Capital Co. will post 0.82 earnings per share for the current year.

Prospect Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, April 26th will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 13.74%. The ex-dividend date is Thursday, April 25th. Prospect Capital’s payout ratio is currently -359.98%.

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.