PFG Advisors Makes New $57,000 Investment in Prospect Capital Co. (NASDAQ:PSEC)

PFG Advisors acquired a new position in shares of Prospect Capital Co. (NASDAQ:PSEC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,260 shares of the financial services provider’s stock, valued at approximately $57,000.

Several other institutional investors have also recently bought and sold shares of PSEC. Naviter Wealth LLC bought a new stake in shares of Prospect Capital in the 4th quarter worth $2,216,000. D.A. Davidson & CO. grew its stake in shares of Prospect Capital by 14.6% in the 4th quarter. D.A. Davidson & CO. now owns 342,831 shares of the financial services provider’s stock worth $1,478,000 after acquiring an additional 43,753 shares in the last quarter. Tcfg Wealth Management LLC grew its stake in shares of Prospect Capital by 1.7% in the 4th quarter. Tcfg Wealth Management LLC now owns 269,580 shares of the financial services provider’s stock worth $1,162,000 after acquiring an additional 4,396 shares in the last quarter. Choreo LLC bought a new stake in shares of Prospect Capital in the 4th quarter worth $1,086,000. Finally, Arete Wealth Advisors LLC bought a new stake in shares of Prospect Capital in the 3rd quarter worth $1,199,000. Institutional investors and hedge funds own 9.06% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Prospect Capital Price Performance

PSEC opened at $4.29 on Monday. The firm has a market cap of $1.91 billion, a P/E ratio of -21.45 and a beta of 0.94. The firm has a 50-day moving average of $4.32 and a 200 day moving average of $4.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.76 and a current ratio of 0.76. Prospect Capital Co. has a fifty-two week low of $4.09 and a fifty-two week high of $5.72.

Prospect Capital Dividend Announcement

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

Insider Activity at Prospect Capital

In related news, CEO John F. Barry purchased 2,000,000 shares of Prospect Capital stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of $4.32 per share, for a total transaction of $8,640,000.00. Following the completion of the transaction, the chief executive officer now owns 81,501,933 shares in the company, valued at $352,088,350.56. This represents a 2.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 27.10% of the stock is owned by company insiders.

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.