Prospect Capital Co. (NASDAQ:PSEC) CEO Acquires $1,032,000.00 in Stock

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry purchased 240,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of $4.30 per share, with a total value of $1,032,000.00. Following the completion of the purchase, the chief executive officer now owns 82,461,933 shares in the company, valued at $354,586,311.90. This trade represents a 0.29 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Prospect Capital Stock Down 1.2 %

Shares of NASDAQ PSEC traded down $0.05 during trading hours on Wednesday, hitting $4.26. 2,727,895 shares of the stock were exchanged, compared to its average volume of 2,579,601. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.90 billion, a PE ratio of -21.30 and a beta of 0.94. The firm has a fifty day moving average price of $4.32 and a 200-day moving average price of $4.69. Prospect Capital Co. has a 12 month low of $4.09 and a 12 month high of $5.72.

Prospect Capital Announces Dividend

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

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.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PSEC. MWA Asset Management acquired a new position in Prospect Capital during the 3rd quarter valued at approximately $53,000. SMH Capital Advisors Inc. increased its stake in Prospect Capital by 43.7% during the 3rd quarter. SMH Capital Advisors Inc. now owns 145,605 shares of the financial services provider’s stock valued at $779,000 after purchasing an additional 44,301 shares in the last quarter. Great Valley Advisor Group Inc. purchased a new stake in shares of Prospect Capital in the 3rd quarter valued at $105,000. D.A. Davidson & CO. boosted its holdings in shares of Prospect Capital by 2.6% in the 3rd quarter. D.A. Davidson & CO. now owns 299,078 shares of the financial services provider’s stock valued at $1,600,000 after acquiring an additional 7,641 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Prospect Capital by 99.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 136,249 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 67,920 shares during the last quarter. 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.