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

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry purchased 24,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was bought at an average cost of $4.30 per share, for a total transaction of $103,200.00. Following the completion of the purchase, the chief executive officer now directly owns 82,509,933 shares of the company’s stock, valued at $354,792,711.90. The trade was a 0.03 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Prospect Capital Stock Performance

Shares of PSEC opened at $4.22 on Monday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of -21.10 and a beta of 0.94. The company’s fifty day moving average is $4.32 and its 200-day moving average is $4.67. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. Prospect Capital Co. has a 12 month low of $4.09 and a 12 month high of $5.72.

Prospect Capital Dividend Announcement

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

Analysts Set New Price Targets

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

Institutional Trading of Prospect Capital

A number of institutional investors and hedge funds have recently made changes to their positions in PSEC. Prostatis Group LLC bought a new position in shares of Prospect Capital in the 4th quarter valued at approximately $98,000. Palogic Value Management L.P. raised its position in shares of Prospect Capital by 50.8% in the fourth quarter. Palogic Value Management L.P. now owns 351,294 shares of the financial services provider’s stock valued at $1,514,000 after purchasing an additional 118,400 shares during the period. Comprehensive Money Management Services LLC acquired a new stake in shares of Prospect Capital in the fourth quarter worth $72,000. Ameriflex Group Inc. bought a new stake in shares of Prospect Capital during the 4th quarter worth $62,000. Finally, Alpine Global Management LLC acquired a new position in Prospect Capital in the 4th quarter valued at $346,000. Institutional investors and hedge funds own 9.06% of the company’s stock.

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.