Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry Acquires 4,099 Shares

Prospect Capital Co. (NASDAQ:PSECGet Free Report) CEO John F. Barry acquired 4,099 shares of Prospect Capital stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average price of $5.47 per share, with a total value of $22,421.53. Following the purchase, the chief executive officer now owns 65,796,357 shares in the company, valued at $359,906,072.79. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Prospect Capital Stock Performance

NASDAQ:PSEC traded up $0.07 during mid-day trading on Wednesday, hitting $5.66. The company’s stock had a trading volume of 2,233,075 shares, compared to its average volume of 2,045,544. The business’s fifty day moving average is $5.43 and its two-hundred day moving average is $5.67. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 16.44 and a beta of 1.00. Prospect Capital Co. has a 1 year low of $5.03 and a 1 year high of $6.69. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.72 and a quick ratio of 0.72.

Prospect Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Wednesday, August 28th will be given a $0.06 dividend. The ex-dividend date is Wednesday, August 28th. This represents a $0.72 annualized dividend and a yield of 12.72%. Prospect Capital’s dividend payout ratio is presently 211.76%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on Prospect Capital from $5.50 to $5.75 and gave the stock an “underweight” rating in a research note on Monday, January 29th. StockNews.com raised shares of Prospect Capital from a “sell” rating to a “hold” rating in a research report on Friday, April 26th.

View Our Latest Stock Analysis on Prospect Capital

Institutional Investors Weigh In On Prospect Capital

A number of institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its position in Prospect Capital by 11.7% during the first quarter. Van ECK Associates Corp now owns 6,880,161 shares of the financial services provider’s stock worth $37,978,000 after acquiring an additional 719,010 shares during the period. LSV Asset Management lifted its stake in Prospect Capital by 17.2% in the 4th quarter. LSV Asset Management now owns 2,035,654 shares of the financial services provider’s stock valued at $12,194,000 after buying an additional 298,400 shares in the last quarter. XML Financial LLC boosted its holdings in Prospect Capital by 4.5% in the 3rd quarter. XML Financial LLC now owns 1,384,395 shares of the financial services provider’s stock worth $8,376,000 after buying an additional 59,551 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Prospect Capital by 7.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 614,524 shares of the financial services provider’s stock worth $3,718,000 after buying an additional 40,375 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC raised its holdings in shares of Prospect Capital by 1.3% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 567,771 shares of the financial services provider’s stock valued at $3,435,000 after acquiring an additional 7,431 shares during the last quarter. Institutional investors and hedge funds own 9.06% of the company’s stock.

Prospect Capital Company Profile

(Get Free Report)

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.

Further Reading

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