Prospect Capital Co. (NASDAQ:PSEC – Get Free Report) CEO John F. Barry acquired 2,000,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $4.32 per share, for a total transaction of $8,640,000.00. Following the completion of the purchase, the chief executive officer now directly owns 81,501,933 shares of the company’s stock, valued at $352,088,350.56. This trade represents a 2.52 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Prospect Capital Price Performance
Shares of Prospect Capital stock opened at $4.29 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. The company has a market cap of $1.91 billion, a PE ratio of -21.45 and a beta of 0.94. The firm has a fifty day moving average price of $4.32 and a two-hundred day moving average price of $4.70. Prospect Capital Co. has a fifty-two week low of $4.09 and a fifty-two week high of $5.72.
Prospect Capital Dividend Announcement
The company also recently announced a dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be given a dividend of $0.045 per share. This represents a yield of 12.47%. The ex-dividend date is Wednesday, February 26th. Prospect Capital’s dividend payout ratio (DPR) is presently -270.00%.
Hedge Funds Weigh In On Prospect Capital
Wall Street Analyst Weigh In
Separately, StockNews.com raised Prospect Capital from a “sell” rating to a “hold” rating in a research report on Friday, December 6th.
Read Our Latest Stock Analysis on Prospect Capital
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.
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