John F. Barry Buys 2,000,000 Shares of Prospect Capital Co. (NASDAQ:PSEC) Stock

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry acquired 2,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of $4.32 per share, for a total transaction of $8,640,000.00. Following the completion of the transaction, the chief executive officer now directly owns 81,501,933 shares in the company, valued at $352,088,350.56. This represents a 2.52 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Prospect Capital Stock Down 1.2 %

Shares of PSEC stock traded down $0.05 during trading on Thursday, reaching $4.19. The company’s stock had a trading volume of 3,325,576 shares, compared to its average volume of 2,569,199. Prospect Capital Co. has a one year low of $4.09 and a one year high of $5.72. The business has a fifty day moving average price of $4.32 and a 200-day moving average price of $4.71. The company has a market cap of $1.86 billion, a price-to-earnings ratio of -20.95 and a beta of 0.94. 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 Dividend Announcement

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Prospect Capital

Hedge funds have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. bought a new stake in Prospect Capital during the fourth quarter worth about $44,000. Centurion Wealth Management LLC bought a new stake in shares of Prospect Capital during the 4th quarter worth approximately $46,000. MWA Asset Management acquired a new stake in shares of Prospect Capital in the 3rd quarter valued at approximately $53,000. Envision Financial Planning LLC bought a new position in shares of Prospect Capital in the fourth quarter valued at $56,000. Finally, PFG Advisors acquired a new position in Prospect Capital during the fourth quarter worth $57,000. Institutional investors own 9.06% of the company’s stock.

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.