Cutter & CO Brokerage Inc. Acquires 3,467 Shares of Prospect Capital Co. (NASDAQ:PSEC)

Cutter & CO Brokerage Inc. lifted its holdings in Prospect Capital Co. (NASDAQ:PSEC) by 27.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,940 shares of the financial services provider’s stock after purchasing an additional 3,467 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Prospect Capital were worth $69,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Captrust Financial Advisors raised its stake in shares of Prospect Capital by 34.9% in the 3rd quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 3,686 shares during the period. XTX Topco Ltd acquired a new position in Prospect Capital during the 3rd quarter worth approximately $88,000. PFG Investments LLC bought a new position in shares of Prospect Capital during the 3rd quarter worth approximately $94,000. Merit Financial Group LLC bought a new position in shares of Prospect Capital during the 4th quarter worth approximately $79,000. Finally, Great Valley Advisor Group Inc. acquired a new stake in shares of Prospect Capital in the third quarter valued at approximately $105,000. 9.06% of the stock is owned by institutional investors.

Prospect Capital Price Performance

Shares of NASDAQ PSEC opened at $4.33 on Thursday. Prospect Capital Co. has a fifty-two week low of $4.09 and a fifty-two week high of $5.72. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -21.65 and a beta of 0.99. 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 business has a 50-day moving average of $4.31 and a 200-day moving average of $4.76.

Prospect Capital Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Transactions at Prospect Capital

In other news, COO M Grier Eliasek bought 210,000 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were bought at an average cost of $4.81 per share, with a total value of $1,010,100.00. Following the acquisition, the chief operating officer now owns 2,131,130 shares in the company, valued at $10,250,735.30. This trade represents a 10.93 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John F. Barry bought 2,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was purchased at an average price of $4.29 per share, with a total value of $8,580,000.00. Following the completion of the purchase, the chief executive officer now directly owns 79,477,549 shares in the company, valued at $340,958,685.21. The trade was a 2.58 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 27.10% 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.