Teamwork Financial Advisors LLC Sells 28,031 Shares of Prospect Capital Co. (NASDAQ:PSEC)

Teamwork Financial Advisors LLC reduced its position in Prospect Capital Co. (NASDAQ:PSEC) by 44.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,484 shares of the financial services provider’s stock after selling 28,031 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Prospect Capital were worth $154,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in shares of Prospect Capital by 23.3% during the 3rd quarter. Van ECK Associates Corp now owns 8,938,863 shares of the financial services provider’s stock worth $47,376,000 after acquiring an additional 1,690,290 shares during the period. International Assets Investment Management LLC lifted its stake 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 purchasing an additional 722,925 shares during the period. Arete Wealth Advisors LLC acquired a new stake in Prospect Capital during the third quarter valued at approximately $1,199,000. XML Financial LLC grew its stake in shares of 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 during the period. Finally, Creative Planning raised its holdings in shares of Prospect Capital by 387.3% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 9.06% of the company’s stock.

Prospect Capital Trading Down 0.2 %

Shares of Prospect Capital stock opened at $4.37 on Friday. Prospect Capital Co. has a 12-month low of $4.09 and a 12-month high of $6.25. The stock has a market capitalization of $1.91 billion, a P/E ratio of -16.81 and a beta of 0.99. The company has a 50-day simple moving average of $4.42 and a 200 day simple moving average of $4.94. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.65.

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

Prospect Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be paid a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 12.36%. The ex-dividend date is Wednesday, January 29th. Prospect Capital’s dividend payout ratio is currently -207.69%.

Insider Transactions at Prospect Capital

In related news, COO M Grier Eliasek bought 210,000 shares of the company’s stock in a transaction on Friday, November 29th. The stock was bought at an average cost of $4.81 per share, with a total value of $1,010,100.00. Following the completion of the purchase, the chief operating officer now owns 2,131,130 shares in the company, valued at approximately $10,250,735.30. The trade was a 10.93 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John F. Barry bought 205,900 shares of Prospect Capital stock in a transaction dated Friday, November 15th. The shares were bought at an average price of $4.40 per share, for a total transaction of $905,960.00. Following the completion of the transaction, the chief executive officer now directly owns 72,612,839 shares of the company’s stock, valued at $319,496,491.60. This represents a 0.28 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 5,273,173 shares of company stock worth $23,701,420. Insiders own 27.10% of the company’s stock.

Analyst Ratings Changes

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

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.