John F. Barry Acquires 24,000 Shares of Prospect Capital Co. (NASDAQ:PSEC) Stock

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry acquired 24,000 shares of the stock in a transaction on Monday, March 24th. The stock was acquired at an average cost of $4.24 per share, for a total transaction of $101,760.00. Following the acquisition, the chief executive officer now directly owns 82,594,540 shares in the company, valued at $350,200,849.60. This represents a 0.03 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Prospect Capital Stock Performance

Shares of PSEC opened at $4.18 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. Prospect Capital Co. has a 52-week low of $4.09 and a 52-week high of $5.72. The company has a 50-day simple moving average of $4.32 and a 200-day simple moving average of $4.65. The company has a market capitalization of $1.86 billion, a PE ratio of -20.90 and a beta of 0.94.

Prospect Capital Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Prospect Capital

A number of institutional investors and hedge funds have recently modified their holdings of PSEC. Great Valley Advisor Group Inc. purchased a new stake in Prospect Capital during the third quarter worth $105,000. D.A. Davidson & CO. boosted its position in shares of Prospect Capital by 2.6% in the 3rd quarter. D.A. Davidson & CO. now owns 299,078 shares of the financial services provider’s stock worth $1,600,000 after buying an additional 7,641 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Prospect Capital by 99.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 136,249 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 67,920 shares in the last quarter. Captrust Financial Advisors raised its position in Prospect Capital by 34.9% during the third quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 3,686 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Prospect Capital in the third quarter valued at about $578,000. Institutional investors and hedge funds 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.