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

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry acquired 24,000 shares of the stock in a transaction on Monday, March 24th. The stock was bought at an average price of $4.24 per share, with a total value of $101,760.00. Following the transaction, the chief executive officer now directly owns 82,594,540 shares in the company, valued at approximately $350,200,849.60. This represents a 0.03 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Prospect Capital Trading Down 0.2 %

Shares of NASDAQ:PSEC traded down $0.01 during mid-day trading on Wednesday, reaching $4.23. The stock had a trading volume of 2,274,187 shares, compared to its average volume of 2,591,718. The firm has a 50 day simple moving average of $4.32 and a two-hundred day simple moving average of $4.66. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.89 billion, a PE ratio of -21.15 and a beta of 0.94. Prospect Capital Co. has a twelve month low of $4.09 and a twelve month high of $5.72.

Prospect Capital Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PSEC. Nomura Asset Management Co. Ltd. bought a new position in shares of Prospect Capital during the 4th quarter worth approximately $44,000. Envision Financial Planning LLC bought a new position in Prospect Capital in the fourth quarter valued at $56,000. PFG Advisors acquired a new stake in Prospect Capital in the 4th quarter valued at $57,000. Captrust Financial Advisors lifted its position in Prospect Capital by 34.9% during 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 in the last quarter. Finally, Independent Advisor Alliance acquired a new position in shares of Prospect Capital during the 4th quarter worth about $62,000. Institutional investors and hedge funds 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.