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

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry bought 24,000 shares of Prospect Capital stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average cost of $4.30 per share, with a total value of $103,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 82,509,933 shares of the company’s stock, valued at approximately $354,792,711.90. The trade was a 0.03 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Prospect Capital Stock Performance

Shares of PSEC stock traded down $0.04 during mid-day trading on Friday, hitting $4.22. The stock had a trading volume of 2,899,350 shares, compared to its average volume of 2,586,611. The firm has a market cap of $1.88 billion, a PE ratio of -21.10 and a beta of 0.94. The company’s 50-day simple moving average is $4.32 and its 200-day simple moving average is $4.68. 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 fifty-two week low of $4.09 and a fifty-two week high of $5.72.

Prospect Capital Announces Dividend

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Prospect Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Prospect Capital in the fourth quarter valued at approximately $44,000. Centurion Wealth Management LLC purchased a new stake in shares of Prospect Capital during the 4th quarter worth $46,000. Envision Financial Planning LLC acquired a new position in shares of Prospect Capital during the 4th quarter worth $56,000. PFG Advisors purchased a new position in shares of Prospect Capital in the 4th quarter valued at about $57,000. Finally, Independent Advisor Alliance acquired a new stake in shares of Prospect Capital in the fourth quarter valued at about $62,000. Institutional investors and hedge funds own 9.06% of the company’s stock.

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.