Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry Acquires 240,000 Shares

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry bought 240,000 shares of Prospect Capital stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $4.20 per share, with a total value of $1,008,000.00. Following the completion of the purchase, the chief executive officer now owns 81,981,933 shares in the company, valued at approximately $344,324,118.60. This trade represents a 0.29 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Prospect Capital Stock Up 0.5 %

Prospect Capital stock opened at $4.31 on Tuesday. The company’s 50-day moving average price is $4.32 and its two-hundred day moving average price is $4.70. Prospect Capital Co. has a twelve month low of $4.09 and a twelve month high of $5.72. The stock has a market cap of $1.92 billion, a P/E ratio of -21.55 and a beta of 0.94. 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 firm also recently announced a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.045 per share. The ex-dividend date is Wednesday, February 26th. This represents a dividend yield of 12.47%. Prospect Capital’s payout ratio is presently -270.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PSEC. Nomura Asset Management Co. Ltd. acquired a new stake in shares of Prospect Capital during the 4th quarter worth approximately $44,000. Centurion Wealth Management LLC bought a new position in shares of Prospect Capital during the fourth quarter valued at $46,000. MWA Asset Management bought a new position in shares of Prospect Capital during the third quarter valued at $53,000. Envision Financial Planning LLC bought a new position in shares of Prospect Capital during the fourth quarter valued at $56,000. Finally, PFG Advisors bought a new position in Prospect Capital during the fourth quarter worth $57,000. Institutional investors and hedge funds own 9.06% of the company’s stock.

Analyst Ratings Changes

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

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.