Prospect Capital Co. (NASDAQ:PSEC - Get Free Report) CEO John F. Barry bought 24,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average price of $4.24 per share, for a total transaction of $101,760.00. Following the completion of the purchase, the chief executive officer now directly owns 82,594,540 shares of the company's stock, valued at approximately $350,200,849.60. This trade represents a 0.03 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Prospect Capital Stock Down 0.2 %
Shares of NASDAQ PSEC opened at $4.23 on Thursday. The business has a 50-day moving average of $4.32 and a two-hundred day moving average of $4.65. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -21.15 and a beta of 0.94. 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.
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. 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%.
Hedge Funds Weigh In On Prospect Capital
Hedge funds have recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. lifted its position in shares of Prospect Capital by 6,177.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,478,914 shares of the financial services provider's stock worth $10,684,000 after buying an additional 2,439,426 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in Prospect Capital during the 4th quarter worth $7,880,000. Envestnet Asset Management Inc. lifted its position in Prospect Capital by 4,160.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 946,648 shares of the financial services provider's stock valued at $4,080,000 after acquiring an additional 924,428 shares during the last quarter. Naviter Wealth LLC acquired a new position in Prospect Capital in the fourth quarter valued at $2,216,000. Finally, Two Sigma Investments LP grew its holdings in shares of 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 purchasing an additional 367,634 shares during the last quarter. 9.06% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Prospect Capital from a "sell" rating to a "hold" rating in a report on Friday, December 6th.
Read Our Latest Stock Report on Prospect Capital
About Prospect Capital
(
Get Free Report)
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.
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