Ausdal Financial Partners Inc. Sells 13,700 Shares of Prospect Capital Co. (NASDAQ:PSEC)

Ausdal Financial Partners Inc. lowered its position in Prospect Capital Co. (NASDAQ:PSEC) by 35.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,491 shares of the financial services provider’s stock after selling 13,700 shares during the period. Ausdal Financial Partners Inc.’s holdings in Prospect Capital were worth $110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PSEC. PFG Advisors purchased a new position in shares of Prospect Capital during the fourth quarter valued at approximately $57,000. Captrust Financial Advisors boosted its stake in Prospect Capital by 34.9% in the 3rd quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 3,686 shares in the last quarter. Independent Advisor Alliance bought a new stake in Prospect Capital during the 4th quarter valued at about $62,000. Samalin Investment Counsel LLC purchased a new position in Prospect Capital in the fourth quarter worth about $62,000. Finally, Cutter & CO Brokerage Inc. raised its holdings in Prospect Capital by 27.8% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 15,940 shares of the financial services provider’s stock worth $69,000 after buying an additional 3,467 shares during the last quarter. Hedge funds and other institutional investors own 9.06% of the company’s stock.

Insider Transactions at Prospect Capital

In related news, CEO John F. Barry bought 240,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $4.20 per share, with a total value of $1,008,000.00. Following the transaction, the chief executive officer now owns 81,981,933 shares in the company, valued at approximately $344,324,118.60. This trade represents a 0.29 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William Gremp purchased 19,100 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was purchased at an average price of $4.29 per share, for a total transaction of $81,939.00. Following the completion of the purchase, the director now owns 75,153 shares in the company, valued at approximately $322,406.37. The trade was a 34.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 2,548,000 shares of company stock worth $10,970,715 over the last three months. 28.25% of the stock is currently owned by company insiders.

Prospect Capital Stock Down 1.7 %

PSEC stock opened at $4.11 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.76 and a quick ratio of 0.76. Prospect Capital Co. has a 1-year low of $4.09 and a 1-year high of $5.72. The stock has a market capitalization of $1.83 billion, a P/E ratio of -20.55 and a beta of 0.94. The business has a fifty day moving average price of $4.31 and a 200-day moving average price of $4.64.

Prospect Capital Dividend Announcement

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

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.