Prospect Capital Co. (NASDAQ:PSEC) Director Buys $81,939.00 in Stock

Prospect Capital Co. (NASDAQ:PSEC) Director William Gremp acquired 19,100 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was purchased at an average cost of $4.29 per share, for a total transaction of $81,939.00. Following the completion of the purchase, the director now directly owns 75,153 shares of the company’s stock, valued at $322,406.37. The trade was a 34.07 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

William Gremp also recently made the following trade(s):

• On Friday, March 14th, William Gremp purchased 900 shares of Prospect Capital stock. The stock was acquired at an average price of $4.24 per share, for a total transaction of $3,816.00.

Prospect Capital Trading Down 0.9 %

Shares of Prospect Capital stock opened at $4.22 on Friday. The firm has a market capitalization of $1.88 billion, a PE ratio of -21.10 and a beta of 0.94. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $4.32 and its 200 day moving average is $4.68. Prospect Capital Co. has a 1 year low of $4.09 and a 1 year high of $5.72.

Prospect Capital Dividend Announcement

The business 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. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a dividend yield of 12.47%. Prospect Capital’s payout ratio is presently -270.00%.

Institutional Investors Weigh In On Prospect Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. MWA Asset Management bought a new stake in shares of Prospect Capital during the third quarter worth about $53,000. SMH Capital Advisors Inc. grew its holdings in Prospect Capital by 43.7% during the 3rd quarter. SMH Capital Advisors Inc. now owns 145,605 shares of the financial services provider’s stock worth $779,000 after acquiring an additional 44,301 shares during the last quarter. Great Valley Advisor Group Inc. bought a new stake in Prospect Capital during the 3rd quarter worth approximately $105,000. D.A. Davidson & CO. grew its holdings in Prospect Capital by 2.6% during the 3rd quarter. D.A. Davidson & CO. now owns 299,078 shares of the financial services provider’s stock worth $1,600,000 after acquiring an additional 7,641 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Prospect Capital by 99.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 136,249 shares of the financial services provider’s stock worth $729,000 after acquiring an additional 67,920 shares during the last quarter. Institutional investors own 9.06% of the company’s stock.

Analysts Set New Price Targets

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

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.