Cutter & CO Brokerage Inc. Has $69,000 Stock Holdings in Prospect Capital Co. (NASDAQ:PSEC)

Cutter & CO Brokerage Inc. boosted its stake in Prospect Capital Co. (NASDAQ:PSEC) by 27.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,940 shares of the financial services provider’s stock after buying an additional 3,467 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Prospect Capital were worth $69,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. MWA Asset Management bought a new stake in shares of Prospect Capital during the third quarter worth approximately $53,000. Captrust Financial Advisors lifted its holdings in 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 purchasing an additional 3,686 shares during the last quarter. Merit Financial Group LLC acquired a new stake in Prospect Capital during the 4th quarter worth approximately $79,000. XTX Topco Ltd bought a new stake in Prospect Capital in the 3rd quarter valued at $88,000. Finally, EMC Capital Management grew its holdings in Prospect Capital by 107.6% in the 4th quarter. EMC Capital Management now owns 20,762 shares of the financial services provider’s stock valued at $89,000 after buying an additional 10,762 shares in the last quarter. 9.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Prospect Capital

In related news, CEO John F. Barry purchased 2,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was acquired at an average price of $4.29 per share, with a total value of $8,580,000.00. Following the completion of the purchase, the chief executive officer now directly owns 79,477,549 shares in the company, valued at $340,958,685.21. This trade represents a 2.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO M Grier Eliasek acquired 210,000 shares of Prospect Capital stock in a transaction on Friday, November 29th. The shares were purchased at an average price of $4.81 per share, for a total transaction of $1,010,100.00. Following the completion of the purchase, the chief operating officer now directly owns 2,131,130 shares of the company’s stock, valued at approximately $10,250,735.30. This represents a 10.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 27.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Prospect Capital Stock Performance

Shares of NASDAQ:PSEC opened at $4.33 on Thursday. Prospect Capital Co. has a 12-month low of $4.09 and a 12-month high of $5.72. The company’s 50 day moving average price is $4.31 and its two-hundred day moving average price is $4.76. The firm has a market cap of $1.92 billion, a PE ratio of -21.65 and a beta of 0.99. 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 Dividend Announcement

The business also recently disclosed 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 is Wednesday, February 26th. This represents a yield of 12.47%. Prospect Capital’s dividend payout ratio (DPR) is presently -270.00%.

Prospect Capital Profile

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.