Moloney Securities Asset Management LLC Trims Stake in Prospect Capital Co. (NASDAQ:PSEC)

Moloney Securities Asset Management LLC trimmed its position in shares of Prospect Capital Co. (NASDAQ:PSEC) by 49.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,761 shares of the financial services provider’s stock after selling 25,745 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Prospect Capital were worth $115,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PSEC. XML Financial LLC lifted its holdings in Prospect Capital by 8.1% in the 3rd quarter. XML Financial LLC now owns 2,044,448 shares of the financial services provider’s stock valued at $10,938,000 after purchasing an additional 153,180 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Prospect Capital by 23.3% in the third quarter. Van ECK Associates Corp now owns 8,938,863 shares of the financial services provider’s stock valued at $47,376,000 after purchasing an additional 1,690,290 shares in the last quarter. International Assets Investment Management LLC lifted its position in Prospect Capital by 344.0% during the third quarter. International Assets Investment Management LLC now owns 933,083 shares of the financial services provider’s stock worth $4,992,000 after buying an additional 722,925 shares in the last quarter. Navis Wealth Advisors LLC purchased a new stake in shares of Prospect Capital in the fourth quarter valued at about $263,000. Finally, CWM LLC raised its position 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 valued at $103,000 after buying an additional 9,721 shares during the period. 9.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Prospect Capital news, COO M Grier Eliasek bought 210,000 shares of Prospect Capital stock in a transaction dated Friday, November 29th. The stock was acquired at an average cost of $4.81 per share, with a total value of $1,010,100.00. Following the completion of the acquisition, the chief operating officer now owns 2,131,130 shares of the company’s stock, valued at approximately $10,250,735.30. This represents a 10.93 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John F. Barry purchased 837,273 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 73,450,112 shares in the company, valued at $328,322,000.64. This trade represents a 1.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 5,273,173 shares of company stock worth $23,701,420 in the last ninety days. 27.10% of the stock is owned by corporate insiders.

Prospect Capital Trading Up 2.9 %

PSEC opened at $4.29 on Wednesday. The business’s 50-day simple moving average is $4.33 and its 200-day simple moving average is $4.82. The company has a market cap of $1.87 billion, a P/E ratio of -16.50 and a beta of 0.99. Prospect Capital Co. has a one year low of $4.09 and a one year high of $5.86. 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 Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 28th will be issued a $0.045 dividend. This represents a $0.54 annualized dividend and a dividend yield of 12.59%. The ex-dividend date is Monday, April 28th. Prospect Capital’s payout ratio is -207.69%.

Wall Street Analysts Forecast Growth

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

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.