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

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry acquired 240,000 shares of Prospect Capital stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $4.20 per share, for a total transaction of $1,008,000.00. Following the completion of the transaction, the chief executive officer now owns 81,981,933 shares in the company, valued at approximately $344,324,118.60. This trade represents a 0.29 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Prospect Capital Price Performance

Shares of Prospect Capital stock opened at $4.31 on Wednesday. The company’s fifty day simple moving average is $4.32 and its two-hundred day simple moving average is $4.69. The company has a market cap of $1.92 billion, a P/E ratio of -21.55 and a beta of 0.94. The company has a current ratio of 0.76, a quick 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.

Prospect Capital Dividend Announcement

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

Institutional Trading of Prospect Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Balyasny Asset Management L.P. grew its position in shares of Prospect Capital by 6,177.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,478,914 shares of the financial services provider’s stock worth $10,684,000 after buying an additional 2,439,426 shares during the period. Thomas J. Herzfeld Advisors Inc. purchased a new stake in shares of Prospect Capital in the 4th quarter worth about $7,880,000. Envestnet Asset Management Inc. grew its position in shares of Prospect Capital by 4,160.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 946,648 shares of the financial services provider’s stock worth $4,080,000 after buying an additional 924,428 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Prospect Capital by 49.4% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 707,827 shares of the financial services provider’s stock worth $3,051,000 after buying an additional 233,948 shares during the period. Finally, Two Sigma Investments LP grew its position in shares of Prospect Capital by 115.9% in the 4th quarter. Two Sigma Investments LP now owns 684,812 shares of the financial services provider’s stock worth $2,952,000 after buying an additional 367,634 shares during the period. 9.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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.