Prospect Capital Co. (NASDAQ:PSEC) CEO Purchases $103,200.00 in Stock

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry bought 24,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average price of $4.30 per share, for a total transaction of $103,200.00. Following the acquisition, the chief executive officer now owns 82,509,933 shares in the company, valued at approximately $354,792,711.90. This represents a 0.03 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Prospect Capital Stock Performance

Shares of NASDAQ:PSEC opened at $4.22 on Friday. The business’s 50 day moving average price is $4.32 and its 200-day moving average price is $4.68. The firm has a market capitalization of $1.88 billion, a PE ratio of -21.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.76 and a quick ratio of 0.76. Prospect Capital Co. has a 1 year low of $4.09 and a 1 year high of $5.72.

Prospect Capital Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a $0.045 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a dividend yield of 12.47%. Prospect Capital’s dividend payout ratio (DPR) is presently -270.00%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Prospect Capital

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

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.