WMG Financial Advisors LLC Buys 5,100 Shares of Prospect Capital Co. (NASDAQ:PSEC)

WMG Financial Advisors LLC boosted its stake in shares of Prospect Capital Co. (NASDAQ:PSEC) by 22.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,950 shares of the financial services provider’s stock after buying an additional 5,100 shares during the quarter. WMG Financial Advisors LLC’s holdings in Prospect Capital were worth $120,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. XML Financial LLC lifted its holdings in Prospect Capital by 8.1% during the 3rd quarter. XML Financial LLC now owns 2,044,448 shares of the financial services provider’s stock valued at $10,938,000 after buying an additional 153,180 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Prospect Capital by 23.3% during the 3rd quarter. Van ECK Associates Corp now owns 8,938,863 shares of the financial services provider’s stock valued at $47,376,000 after buying an additional 1,690,290 shares in the last quarter. Navis Wealth Advisors LLC bought a new stake in Prospect Capital during the 4th quarter valued at about $263,000. XTX Topco Ltd bought a new stake in Prospect Capital during the 3rd quarter valued at about $88,000. Finally, Ridgeline Wealth LLC bought a new stake in shares of Prospect Capital in the 4th quarter valued at about $407,000. Institutional investors own 9.06% of the company’s stock.

Prospect Capital Trading Down 1.1 %

NASDAQ:PSEC opened at $4.35 on Tuesday. Prospect Capital Co. has a one year low of $4.09 and a one year high of $5.72. 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 firm has a market cap of $1.93 billion, a P/E ratio of -21.75 and a beta of 0.99. The firm has a 50-day simple moving average of $4.32 and a 200-day simple moving average of $4.75.

Prospect Capital Announces Dividend

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

Insider Activity

In other news, CEO John F. Barry acquired 2,000,000 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were purchased at an average price of $4.29 per share, with a total value of $8,580,000.00. Following the transaction, the chief executive officer now directly owns 79,477,549 shares in the company, valued at approximately $340,958,685.21. This represents a 2.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 27.10% 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 report on Friday, December 6th.

Prospect Capital 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.