Insider Buying: Prospect Capital Co. (NASDAQ:PSEC) CEO Purchases $101,760.00 in Stock

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry acquired 24,000 shares of the company’s stock in a transaction that occurred 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 acquisition, the chief executive officer now directly owns 82,594,540 shares of the company’s stock, valued at $350,200,849.60. The trade was a 0.03 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Prospect Capital Stock Down 1.7 %

Shares of Prospect Capital stock opened at $4.11 on Friday. Prospect Capital Co. has a 1 year low of $4.09 and a 1 year high of $5.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.76 and a quick ratio of 0.76. The company 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 50-day moving average of $4.31 and a two-hundred day moving average of $4.64.

Prospect Capital Announces Dividend

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

Institutional Investors Weigh In On Prospect Capital

Several large investors have recently made changes to their positions in PSEC. Prostatis Group LLC acquired a new position in Prospect Capital in the 4th quarter worth $98,000. Palogic Value Management L.P. grew its holdings in shares of Prospect Capital by 50.8% during the fourth quarter. Palogic Value Management L.P. now owns 351,294 shares of the financial services provider’s stock worth $1,514,000 after buying an additional 118,400 shares in the last quarter. Comprehensive Money Management Services LLC acquired a new stake in Prospect Capital in the 4th quarter valued at approximately $72,000. Ameriflex Group Inc. bought a new stake in Prospect Capital in the 4th quarter valued at approximately $62,000. Finally, Alpine Global Management LLC bought a new position in shares of Prospect Capital during the 4th quarter worth approximately $346,000. Institutional investors own 9.06% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Prospect Capital from a “sell” rating to a “hold” rating in a research note 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.