John F. Barry Acquires 24,000 Shares of Prospect Capital Co. (NASDAQ:PSEC) Stock

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry acquired 24,000 shares of the stock in a transaction on Wednesday, March 19th. The shares were purchased at an average cost of $4.30 per share, with a total value of $103,200.00. Following the transaction, the chief executive officer now directly owns 82,509,933 shares of the company’s stock, valued at approximately $354,792,711.90. This trade represents a 0.03 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Prospect Capital Price Performance

Shares of NASDAQ:PSEC opened at $4.22 on Friday. The firm’s 50 day moving average price is $4.32 and its 200-day moving average price is $4.67. Prospect Capital Co. has a twelve month low of $4.09 and a twelve month high of $5.72. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.88 billion, a PE ratio of -21.10 and a beta of 0.94.

Prospect Capital Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were paid a dividend of $0.045 per share. This represents a yield of 12.47%. The ex-dividend date of this dividend was 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 research report on Friday, December 6th.

Institutional Investors Weigh In On Prospect Capital

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

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.