Prospect Capital Co. (NASDAQ:PSEC) Shares Purchased by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC increased its holdings in shares of Prospect Capital Co. (NASDAQ:PSEC) by 1.7% in the fourth quarter, Holdings Channel reports. The firm owned 269,580 shares of the financial services provider’s stock after acquiring an additional 4,396 shares during the period. Tcfg Wealth Management LLC’s holdings in Prospect Capital were worth $1,162,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MWA Asset Management acquired a new stake in Prospect Capital in the third quarter valued at approximately $53,000. Global Assets Advisory LLC acquired a new stake in Prospect Capital in the third quarter valued at approximately $64,000. Captrust Financial Advisors grew its position in Prospect Capital by 34.9% in the third quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 3,686 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Prospect Capital in the fourth quarter valued at approximately $79,000. Finally, XTX Topco Ltd acquired a new stake in Prospect Capital in the third quarter valued at approximately $88,000. Institutional investors and hedge funds own 9.06% of the company’s stock.

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.

Prospect Capital Trading Up 0.2 %

Shares of NASDAQ:PSEC opened at $4.37 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.48 and a current ratio of 0.48. The company has a fifty day simple moving average of $4.31 and a 200 day simple moving average of $4.80. Prospect Capital Co. has a 12-month low of $4.09 and a 12-month high of $5.86.

Prospect Capital Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, February 26th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. Prospect Capital’s dividend payout ratio (DPR) is presently -207.69%.

Insider Buying and Selling

In other Prospect Capital news, CEO John F. Barry acquired 1,000,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of $4.59 per share, with a total value of $4,590,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 75,465,285 shares in the company, valued at $346,385,658.15. This trade represents a 1.34 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO M Grier Eliasek acquired 210,000 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was acquired at an average cost of $4.81 per share, with a total value of $1,010,100.00. Following the acquisition, the chief operating officer now owns 2,131,130 shares of the company’s stock, valued at $10,250,735.30. This trade represents a 10.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 5,067,273 shares of company stock worth $22,795,460. Insiders own 27.10% of the company’s stock.

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.