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

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry purchased 240,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $4.20 per share, with a total value of $1,008,000.00. Following the completion of the purchase, the chief executive officer now owns 81,981,933 shares of the company’s stock, valued at approximately $344,324,118.60. This represents a 0.29 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Prospect Capital Stock Up 0.5 %

Prospect Capital stock opened at $4.31 on Tuesday. Prospect Capital Co. has a fifty-two week low of $4.09 and a fifty-two week high of $5.72. The stock has a market cap of $1.92 billion, a PE ratio of -21.55 and a beta of 0.94. The firm’s 50-day simple moving average is $4.32 and its 200 day simple moving average is $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 Announces Dividend

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

Institutional Trading of Prospect Capital

Several hedge funds have recently added to or reduced their stakes in PSEC. Nomura Asset Management Co. Ltd. bought a new stake in Prospect Capital in the fourth quarter worth about $44,000. Centurion Wealth Management LLC bought a new stake in shares of Prospect Capital in the fourth quarter valued at approximately $46,000. MWA Asset Management bought a new stake in shares of Prospect Capital in the third quarter valued at approximately $53,000. Envision Financial Planning LLC bought a new stake in shares of Prospect Capital in the fourth quarter valued at approximately $56,000. Finally, PFG Advisors bought a new stake in shares of Prospect Capital in the fourth quarter valued at approximately $57,000. Institutional investors 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 report on Friday, December 6th.

About Prospect Capital

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.