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

Prospect Capital Co. (NASDAQ:PSEC) Director William Gremp purchased 19,100 shares of Prospect Capital stock in a transaction that occurred on Tuesday, March 18th. The stock was acquired at an average cost of $4.29 per share, with a total value of $81,939.00. Following the transaction, the director now owns 75,153 shares in the company, valued at $322,406.37. This trade represents a 34.07 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

Prospect Capital Price Performance

PSEC opened at $4.22 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 capitalization of $1.88 billion, a price-to-earnings ratio of -21.10 and a beta of 0.94. The firm’s fifty day moving average price is $4.32 and its two-hundred day moving average price is $4.67. Prospect Capital Co. has a 1 year low of $4.09 and a 1 year high of $5.72.

Prospect Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Prospect Capital

A number of hedge funds have recently made changes to their positions in the business. Balyasny Asset Management L.P. raised its stake in shares of Prospect Capital by 6,177.6% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,478,914 shares of the financial services provider’s stock worth $10,684,000 after purchasing an additional 2,439,426 shares during the period. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Prospect Capital during the 4th quarter worth $7,880,000. Envestnet Asset Management Inc. raised its stake in shares of Prospect Capital by 4,160.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 946,648 shares of the financial services provider’s stock worth $4,080,000 after purchasing an additional 924,428 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Prospect Capital by 49.4% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 707,827 shares of the financial services provider’s stock worth $3,051,000 after purchasing an additional 233,948 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Prospect Capital by 115.9% during the 4th quarter. Two Sigma Investments LP now owns 684,812 shares of the financial services provider’s stock worth $2,952,000 after purchasing an additional 367,634 shares during the period. 9.06% of the stock is currently owned by institutional investors.

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.