Glenview Trust co Invests $391,000 in Prospect Capital Co. (NASDAQ:PSEC)

Glenview Trust co bought a new position in Prospect Capital Co. (NASDAQ:PSEC) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 90,719 shares of the financial services provider’s stock, valued at approximately $391,000.

Several other institutional investors have also recently made changes to their positions in the company. Navis Wealth Advisors LLC bought a new position in Prospect Capital during the fourth quarter valued at about $263,000. XTX Topco Ltd bought a new position in Prospect Capital during the third quarter valued at about $88,000. Ridgeline Wealth LLC bought a new position in Prospect Capital during the fourth quarter valued at about $407,000. Strategic Financial Concepts LLC grew its position in Prospect Capital by 131.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 49,134 shares of the financial services provider’s stock valued at $212,000 after buying an additional 27,935 shares during the period. Finally, Atria Wealth Solutions Inc. grew its position in Prospect Capital by 158.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 63,477 shares of the financial services provider’s stock valued at $274,000 after buying an additional 38,923 shares during the period. Institutional investors own 9.06% of the company’s stock.

Prospect Capital Price Performance

Shares of NASDAQ:PSEC opened at $4.31 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.92 billion, a PE ratio of -21.55 and a beta of 0.94. Prospect Capital Co. has a twelve month low of $4.09 and a twelve month high of $5.72. The company has a 50-day moving average price of $4.32 and a two-hundred day moving average price of $4.70.

Prospect Capital Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.045 per share. The ex-dividend date is Wednesday, February 26th. This represents a yield of 12.47%. Prospect Capital’s dividend payout ratio is presently -270.00%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Prospect Capital news, CEO John F. Barry bought 240,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $4.20 per share, for a total transaction of $1,008,000.00. Following the completion of the transaction, the chief executive officer now directly owns 81,981,933 shares of the company’s stock, valued at $344,324,118.60. This trade represents a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders acquired 4,240,000 shares of company stock worth $18,228,000 over the last quarter. 27.10% of the stock is currently owned by company insiders.

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.