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

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry bought 240,000 shares of Prospect Capital stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average price of $4.30 per share, for a total transaction of $1,032,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 82,461,933 shares of the company’s stock, valued at $354,586,311.90. The trade was a 0.29 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Prospect Capital Trading Down 0.9 %

Shares of Prospect Capital stock opened at $4.22 on Friday. The stock has a fifty day simple moving average of $4.32 and a 200 day simple moving average of $4.68. Prospect Capital Co. has a 12-month low of $4.09 and a 12-month high of $5.72. The company has a market capitalization of $1.88 billion, a P/E ratio of -21.10 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. Shareholders of record on Thursday, February 27th were paid a $0.045 dividend. The ex-dividend date was Wednesday, February 26th. This represents a yield of 12.47%. Prospect Capital’s dividend payout ratio (DPR) is presently -270.00%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. purchased a new stake in Prospect Capital during the 4th quarter worth about $44,000. Envision Financial Planning LLC bought a new stake in Prospect Capital in the 4th quarter worth approximately $56,000. PFG Advisors bought a new stake in Prospect Capital in the 4th quarter worth approximately $57,000. Captrust Financial Advisors lifted its position in Prospect Capital by 34.9% in 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 last quarter. Finally, Independent Advisor Alliance bought a new stake in Prospect Capital in the 4th quarter worth approximately $62,000. Institutional investors own 9.06% of the company’s stock.

Prospect Capital Company 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.