John F. Barry Buys 240,000 Shares of Prospect Capital Co. (NASDAQ:PSEC) Stock

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

Prospect Capital Price Performance

NASDAQ:PSEC opened at $4.26 on Thursday. 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 company has a 50-day moving average of $4.32 and a 200-day moving average of $4.69. Prospect Capital Co. has a 52 week low of $4.09 and a 52 week high of $5.72. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -21.30 and a beta of 0.94.

Prospect Capital Announces Dividend

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Prospect Capital

Hedge funds have recently modified their holdings of the stock. Balyasny Asset Management L.P. boosted its stake in Prospect Capital by 6,177.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,478,914 shares of the financial services provider’s stock valued at $10,684,000 after buying an additional 2,439,426 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Prospect Capital in the 4th quarter valued at $7,880,000. Envestnet Asset Management Inc. grew its holdings in shares of Prospect Capital by 4,160.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 946,648 shares of the financial services provider’s stock worth $4,080,000 after purchasing an additional 924,428 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Prospect Capital by 49.4% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 707,827 shares of the financial services provider’s stock worth $3,051,000 after purchasing an additional 233,948 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in Prospect Capital by 115.9% during the 4th quarter. Two Sigma Investments LP now owns 684,812 shares of the financial services provider’s stock valued at $2,952,000 after purchasing an additional 367,634 shares during the last quarter. 9.06% of the stock is owned by institutional investors and hedge funds.

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.