Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry Buys 205,900 Shares of Stock

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry acquired 205,900 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $4.40 per share, for a total transaction of $905,960.00. Following the completion of the acquisition, the chief executive officer now directly owns 72,612,839 shares in the company, valued at approximately $319,496,491.60. The trade was a 0.28 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Prospect Capital Price Performance

Shares of NASDAQ PSEC opened at $4.64 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.48 and a quick ratio of 0.48. The firm’s 50 day simple moving average is $5.15 and its 200-day simple moving average is $5.31. Prospect Capital Co. has a 12 month low of $4.15 and a 12 month high of $6.30. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of -17.85 and a beta of 1.00.

Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings data on Friday, November 8th. The financial services provider reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Prospect Capital had a negative net margin of 2.23% and a positive return on equity of 12.19%. The company 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. Investors of record on Wednesday, January 29th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.54 dividend on an annualized basis and a yield of 11.64%. Prospect Capital’s payout ratio is -276.92%.

Institutional Trading of Prospect Capital

Several institutional investors have recently bought and sold shares of PSEC. BNP Paribas Financial Markets raised its stake in shares of Prospect Capital by 275.0% during the 1st quarter. BNP Paribas Financial Markets now owns 43,616 shares of the financial services provider’s stock worth $241,000 after buying an additional 31,985 shares during the period. Janney Montgomery Scott LLC raised its position in 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 worth $130,000 after acquiring an additional 8,000 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in Prospect Capital during the first quarter valued at $94,000. Empowered Funds LLC acquired a new stake in shares of Prospect Capital in the first quarter valued at about $73,000. Finally, ProShare Advisors LLC increased its stake 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 worth $283,000 after purchasing an additional 8,142 shares in the last quarter. 9.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on PSEC. StockNews.com downgraded shares of Prospect Capital from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Wells Fargo & Company decreased their price objective on Prospect Capital from $5.00 to $4.50 and set an “underweight” rating for the company in a report on Friday, August 30th.

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.