Virtu Financial LLC Purchases 42,197 Shares of Prospect Capital Co. (NASDAQ:PSEC)

Virtu Financial LLC boosted its position in Prospect Capital Co. (NASDAQ:PSEC) by 25.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 205,041 shares of the financial services provider’s stock after acquiring an additional 42,197 shares during the period. Virtu Financial LLC’s holdings in Prospect Capital were worth $884,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Naviter Wealth LLC bought a new stake in shares of Prospect Capital in the fourth quarter valued at approximately $2,216,000. Choreo LLC purchased a new position in Prospect Capital during the fourth quarter valued at approximately $1,086,000. Arete Wealth Advisors LLC bought a new stake in Prospect Capital during the 3rd quarter worth approximately $1,199,000. Palogic Value Management L.P. lifted its stake in Prospect Capital by 50.8% in the 4th quarter. Palogic Value Management L.P. now owns 351,294 shares of the financial services provider’s stock worth $1,514,000 after purchasing an additional 118,400 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in Prospect Capital in the 3rd quarter valued at $578,000. Institutional investors own 9.06% of the company’s stock.

Wall Street Analyst Weigh In

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

Prospect Capital Trading Up 0.5 %

Shares of PSEC opened at $4.24 on Tuesday. Prospect Capital Co. has a 1-year low of $4.09 and a 1-year high of $5.72. The company has a market capitalization of $1.89 billion, a P/E ratio of -21.20 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. The firm’s 50 day simple moving average is $4.32 and its 200 day simple moving average is $4.66.

Prospect Capital Dividend Announcement

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

Insider Transactions at Prospect Capital

In other news, CEO John F. Barry purchased 2,000,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $4.32 per share, with a total value of $8,640,000.00. Following the completion of the purchase, the chief executive officer now directly owns 81,501,933 shares in the company, valued at approximately $352,088,350.56. This trade represents a 2.52 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William Gremp acquired 19,100 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was purchased at an average price of $4.29 per share, with a total value of $81,939.00. Following the completion of the acquisition, the director now directly owns 75,153 shares in the company, valued at approximately $322,406.37. This represents a 34.07 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 2,524,000 shares of company stock valued at $10,868,955. Insiders own 28.25% of the company’s stock.

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.