Barrett & Company Inc. Sells 2,543 Shares of Prospect Capital Co. (NASDAQ:PSEC)

Barrett & Company Inc. trimmed its position in shares of Prospect Capital Co. (NASDAQ:PSEC) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,232 shares of the financial services provider’s stock after selling 2,543 shares during the quarter. Barrett & Company Inc.’s holdings in Prospect Capital were worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning boosted its holdings in shares of Prospect Capital by 387.3% in the second quarter. Creative Planning now owns 175,953 shares of the financial services provider’s stock worth $973,000 after buying an additional 139,842 shares during the last quarter. CWM LLC boosted its stake in shares of Prospect Capital by 101.4% during the 3rd quarter. CWM LLC now owns 19,310 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 9,721 shares during the last quarter. Family Wealth Partners LLC bought a new stake in shares of Prospect Capital during the 3rd quarter valued at $74,000. Inspire Investing LLC grew its position in shares of Prospect Capital by 21.0% during the 3rd quarter. Inspire Investing LLC now owns 76,885 shares of the financial services provider’s stock valued at $411,000 after acquiring an additional 13,335 shares during the period. Finally, Teamwork Financial Advisors LLC raised its holdings in Prospect Capital by 17.3% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 63,515 shares of the financial services provider’s stock worth $340,000 after purchasing an additional 9,380 shares during the period. 9.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Prospect Capital Stock Performance

NASDAQ PSEC opened at $4.23 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.48 and a current ratio of 0.48. Prospect Capital Co. has a 12 month low of $4.09 and a 12 month high of $5.86. The company’s 50 day moving average is $4.35 and its two-hundred day moving average is $4.86.

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

Insiders Place Their Bets

In related news, COO M Grier Eliasek bought 210,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was purchased at an average price of $4.81 per share, for a total transaction of $1,010,100.00. Following the completion of the transaction, the chief operating officer now owns 2,131,130 shares in the company, valued at $10,250,735.30. The trade was a 10.93 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO John F. Barry purchased 837,273 shares of Prospect Capital stock in a transaction on Monday, November 18th. The stock was bought at an average price of $4.47 per share, for a total transaction of $3,742,610.31. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 5,273,173 shares of company stock worth $23,701,420. Corporate insiders own 27.10% of the company’s stock.

Prospect Capital 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.