Prospect Capital Co. (NASDAQ:PSEC) Director Purchases $81,939.00 in Stock

Prospect Capital Co. (NASDAQ:PSEC) Director William Gremp acquired 19,100 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was acquired at an average price of $4.29 per share, with a total value of $81,939.00. Following the acquisition, the director now owns 75,153 shares in the company, valued at $322,406.37. The trade was a 34.07 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

William Gremp also recently made the following trade(s):

• On Friday, March 14th, William Gremp acquired 900 shares of Prospect Capital stock. The stock was acquired at an average price of $4.24 per share, with a total value of $3,816.00.

Prospect Capital Stock Down 0.9 %

Prospect Capital stock opened at $4.22 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.76 and a current ratio of 0.76. Prospect Capital Co. has a 52-week low of $4.09 and a 52-week high of $5.72. The firm has a 50 day moving average price of $4.32 and a two-hundred day moving average price of $4.67. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of -21.10 and a beta of 0.94.

Prospect Capital Announces Dividend

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

Institutional Trading of Prospect Capital

Hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. bought a new stake in shares of Prospect Capital in the 4th quarter valued at $44,000. Centurion Wealth Management LLC bought a new stake in shares of Prospect Capital in the 4th quarter valued at $46,000. MWA Asset Management bought a new stake in shares of Prospect Capital in the 3rd quarter valued at $53,000. Envision Financial Planning LLC acquired a new stake in Prospect Capital in the 4th quarter valued at $56,000. Finally, PFG Advisors acquired a new stake in Prospect Capital in the 4th quarter valued at $57,000. Institutional investors own 9.06% of the company’s stock.

Analyst Upgrades and Downgrades

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 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.