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

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry acquired 240,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average price of $4.30 per share, for a total transaction of $1,032,000.00. Following the completion of the acquisition, the chief executive officer now owns 82,461,933 shares of the company’s stock, valued at $354,586,311.90. This trade represents a 0.29 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Prospect Capital Price Performance

Shares of PSEC opened at $4.26 on Thursday. The company has a 50 day moving average of $4.32 and a 200-day moving average of $4.69. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.90 billion, a P/E ratio of -21.30 and a beta of 0.94. Prospect Capital Co. has a twelve month low of $4.09 and a twelve month high of $5.72.

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 paid a $0.045 dividend. The ex-dividend date is Wednesday, February 26th. This represents a yield of 12.47%. Prospect Capital’s payout ratio is currently -270.00%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Prospect Capital

A number of large investors have recently modified their holdings of PSEC. Kovack Advisors Inc. increased its position in shares of Prospect Capital by 1.9% in the fourth quarter. Kovack Advisors Inc. now owns 145,095 shares of the financial services provider’s stock valued at $625,000 after acquiring an additional 2,732 shares during the last quarter. Modern Wealth Management LLC increased its position in shares of Prospect Capital by 9.3% during the 4th quarter. Modern Wealth Management LLC now owns 32,566 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 2,774 shares during the last quarter. Cutter & CO Brokerage Inc. raised its stake in shares of Prospect Capital by 27.8% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 15,940 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 3,467 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Prospect Capital by 34.9% in the 3rd quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider’s stock valued at $76,000 after buying an additional 3,686 shares during the last quarter. Finally, Global Assets Advisory LLC grew its stake in shares of Prospect Capital by 33.4% in the fourth quarter. Global Assets Advisory LLC now owns 15,998 shares of the financial services provider’s stock valued at $69,000 after buying an additional 4,006 shares in the last quarter. 9.06% of the stock is currently owned by institutional investors and hedge funds.

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.