Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry Purchases 24,000 Shares

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry bought 24,000 shares of Prospect Capital stock in a transaction on Monday, March 24th. The stock was acquired at an average price of $4.24 per share, for a total transaction of $101,760.00. Following the transaction, the chief executive officer now directly owns 82,594,540 shares of the company’s stock, valued at approximately $350,200,849.60. This trade represents a 0.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Prospect Capital Stock Performance

NASDAQ:PSEC opened at $4.23 on Thursday. The stock has a market capitalization of $1.89 billion, a P/E ratio of -21.15 and a beta of 0.94. 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. The company has a 50 day moving average price of $4.32 and a 200 day moving average price of $4.65.

Prospect Capital Announces Dividend

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

Hedge Funds Weigh In On Prospect Capital

Hedge funds have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. acquired a new position in Prospect Capital in the 4th quarter valued at about $44,000. Centurion Wealth Management LLC purchased a new position in shares of Prospect Capital in the fourth quarter valued at approximately $46,000. Envision Financial Planning LLC acquired a new position in shares of Prospect Capital in the fourth quarter valued at approximately $56,000. PFG Advisors purchased a new stake in Prospect Capital during the 4th quarter worth approximately $57,000. Finally, Independent Advisor Alliance acquired a new stake in Prospect Capital during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 9.06% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Prospect Capital from a “sell” rating to a “hold” rating in a research 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.