TrueMark Investments LLC Sells 236,235 Shares of Prospect Capital Co. (NASDAQ:PSEC)

TrueMark Investments LLC decreased its holdings in shares of Prospect Capital Co. (NASDAQ:PSEC) by 32.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 501,917 shares of the financial services provider’s stock after selling 236,235 shares during the quarter. TrueMark Investments LLC’s holdings in Prospect Capital were worth $2,163,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. PFG Advisors acquired a new stake in shares of Prospect Capital during the fourth quarter worth $57,000. Captrust Financial Advisors grew its position in shares of Prospect Capital by 34.9% during the 3rd quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider’s stock worth $76,000 after buying an additional 3,686 shares during the period. Independent Advisor Alliance bought a new stake in shares of Prospect Capital in the 4th quarter valued at about $62,000. Samalin Investment Counsel LLC acquired a new stake in shares of Prospect Capital in the 4th quarter valued at approximately $62,000. Finally, Cutter & CO Brokerage Inc. boosted its stake in Prospect Capital by 27.8% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 15,940 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 3,467 shares during the last quarter. 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 report on Friday, December 6th.

Prospect Capital Price Performance

NASDAQ:PSEC opened at $4.24 on Wednesday. Prospect Capital Co. has a 1 year low of $4.09 and a 1 year high of $5.72. The stock has a 50-day moving average price of $4.32 and a two-hundred day moving average price of $4.66. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -21.20 and a beta of 0.94. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.60.

Prospect Capital Dividend Announcement

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

Insider Buying and Selling

In other news, Director William Gremp bought 19,100 shares of the stock in a transaction on Tuesday, March 18th. The stock was purchased at an average price of $4.29 per share, for a total transaction of $81,939.00. Following the acquisition, the director now owns 75,153 shares in the company, valued at approximately $322,406.37. This trade represents a 34.07 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John F. Barry purchased 24,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was purchased at an average price of $4.30 per share, for a total transaction of $103,200.00. Following the completion of the acquisition, the chief executive officer now owns 82,509,933 shares of the company’s stock, valued at approximately $354,792,711.90. This represents a 0.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 2,524,000 shares of company stock valued at $10,868,955. 28.25% of the stock is owned by corporate insiders.

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.