Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry Buys 24,000 Shares

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry bought 24,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average cost of $4.30 per share, for a total transaction of $103,200.00. Following the completion of the transaction, the chief executive officer now owns 82,509,933 shares of the company’s stock, valued at $354,792,711.90. This represents a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Prospect Capital Price Performance

Prospect Capital stock opened at $4.22 on Monday. The business’s fifty day moving average is $4.32 and its two-hundred day moving average is $4.67. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $1.88 billion, a P/E ratio of -21.10 and a beta of 0.94. Prospect Capital Co. has a 52 week low of $4.09 and a 52 week high of $5.72.

Prospect Capital Dividend Announcement

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

Analysts Set New Price Targets

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

Institutional Trading of Prospect Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. bought a new position in Prospect Capital in the fourth quarter valued at approximately $44,000. Centurion Wealth Management LLC acquired a new position in shares of Prospect Capital in the 4th quarter valued at $46,000. Envision Financial Planning LLC bought a new position in shares of Prospect Capital in the 4th quarter worth $56,000. PFG Advisors bought a new position in shares of Prospect Capital in the 4th quarter worth $57,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Prospect Capital during the fourth quarter worth $62,000. 9.06% of the stock is owned by institutional investors.

About Prospect Capital

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.