John F. Barry Buys 837,273 Shares of Prospect Capital Co. (NASDAQ:PSEC) Stock

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry acquired 837,273 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $4.47 per share, for a total transaction of $3,742,610.31. Following the completion of the transaction, the chief executive officer now owns 73,450,112 shares in the company, valued at $328,322,000.64. The trade was a 1.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Prospect Capital Stock Down 1.1 %

Shares of PSEC traded down $0.05 during trading on Wednesday, reaching $4.59. The company’s stock had a trading volume of 3,080,726 shares, compared to its average volume of 2,352,269. The company has a fifty day moving average of $5.15 and a two-hundred day moving average of $5.31. Prospect Capital Co. has a twelve month low of $4.15 and a twelve month high of $6.30. The company has a market cap of $2.00 billion, a price-to-earnings ratio of -17.85 and a beta of 1.00. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.65.

Prospect Capital (NASDAQ:PSEC) last issued its quarterly earnings data on Friday, November 8th. The financial services provider reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Prospect Capital had a positive return on equity of 12.19% and a negative net margin of 2.23%. The firm had revenue of $196.31 million during the quarter.

Prospect Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.54 annualized dividend and a dividend yield of 11.76%. Prospect Capital’s payout ratio is -276.92%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com downgraded Prospect Capital from a “hold” rating to a “sell” rating in a research note on Friday, August 30th. Wells Fargo & Company decreased their target price on Prospect Capital from $5.00 to $4.50 and set an “underweight” rating for the company in a report on Friday, August 30th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its stake in Prospect Capital by 275.0% during the first quarter. BNP Paribas Financial Markets now owns 43,616 shares of the financial services provider’s stock valued at $241,000 after buying an additional 31,985 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Prospect Capital by 51.2% during the first quarter. Janney Montgomery Scott LLC now owns 23,633 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 8,000 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Prospect Capital by 18.8% during the first quarter. ProShare Advisors LLC now owns 51,349 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 8,142 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of Prospect Capital during the first quarter valued at $91,000. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Prospect Capital by 13.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 294,706 shares of the financial services provider’s stock worth $1,629,000 after acquiring an additional 34,035 shares in the last quarter. Institutional investors own 9.06% of the company’s stock.

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.