Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry Acquires 837,273 Shares

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry bought 837,273 shares of the stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $4.47 per share, with a total value of $3,742,610.31. Following the completion of the purchase, the chief executive officer now directly owns 73,450,112 shares in the company, valued at $328,322,000.64. This trade represents a 1.15 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Prospect Capital Price Performance

PSEC opened at $4.59 on Thursday. Prospect Capital Co. has a 1 year low of $4.15 and a 1 year high of $6.30. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.48 and a quick ratio of 0.48. The company’s 50 day simple moving average is $5.13 and its 200 day simple moving average is $5.31.

Prospect Capital (NASDAQ:PSEC) last announced its quarterly earnings results on Friday, November 8th. The financial services provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $196.31 million for the quarter. Prospect Capital had a negative net margin of 2.23% and a positive return on equity of 12.19%.

Prospect Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be paid a $0.045 dividend. This represents a $0.54 annualized dividend and a dividend yield of 11.76%. The ex-dividend date of this dividend is Wednesday, January 29th. Prospect Capital’s dividend payout ratio is currently -276.92%.

Wall Street Analysts Forecast Growth

PSEC has been the topic of several analyst reports. StockNews.com cut Prospect Capital from a “hold” rating to a “sell” rating in a report on Friday, August 30th. Wells Fargo & Company decreased their price target on Prospect Capital from $5.00 to $4.50 and set an “underweight” rating on the stock in a research note on Friday, August 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sheaff Brock Investment Advisors LLC lifted its stake in shares of Prospect Capital by 7.4% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 29,260 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 2,010 shares in the last quarter. Strategies Wealth Advisors LLC lifted its position in Prospect Capital by 7.2% during the 3rd quarter. Strategies Wealth Advisors LLC now owns 33,957 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 2,277 shares in the last quarter. Moloney Securities Asset Management LLC boosted its holdings in Prospect Capital by 4.7% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 63,802 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 2,875 shares during the period. IFG Advisory LLC grew its position in Prospect Capital by 9.0% in the second quarter. IFG Advisory LLC now owns 36,195 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Prospect Capital by 34.9% during the third quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 3,686 shares in the last quarter. 9.06% of the stock is 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.