BI Asset Management Fondsmaeglerselskab A S Has $3.05 Million Stake in Prospect Capital Co. (NASDAQ:PSEC)

BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Prospect Capital Co. (NASDAQ:PSEC - Free Report) by 49.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 707,827 shares of the financial services provider's stock after purchasing an additional 233,948 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.16% of Prospect Capital worth $3,051,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Kovack Advisors Inc. boosted its holdings in Prospect Capital by 1.9% during the fourth quarter. Kovack Advisors Inc. now owns 145,095 shares of the financial services provider's stock worth $625,000 after buying an additional 2,732 shares during the last quarter. Modern Wealth Management LLC grew its position in Prospect Capital by 9.3% in the fourth quarter. Modern Wealth Management LLC now owns 32,566 shares of the financial services provider's stock valued at $136,000 after purchasing an additional 2,774 shares in the last quarter. Cutter & CO Brokerage Inc. grew its stake in Prospect Capital by 27.8% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 15,940 shares of the financial services provider's stock valued at $69,000 after purchasing an additional 3,467 shares in the last quarter. Tcfg Wealth Management LLC raised its holdings in shares of Prospect Capital by 1.7% in the 4th quarter. Tcfg Wealth Management LLC now owns 269,580 shares of the financial services provider's stock valued at $1,162,000 after purchasing an additional 4,396 shares during the period. Finally, WMG Financial Advisors LLC raised its stake in Prospect Capital by 22.3% in the 4th quarter. WMG Financial Advisors LLC now owns 27,950 shares of the financial services provider's stock valued at $120,000 after acquiring an additional 5,100 shares during the period. 9.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Prospect Capital from a "sell" rating to a "hold" rating in a research note on Saturday, April 12th.

Prospect Capital Price Performance

Shares of NASDAQ PSEC traded up $0.02 during trading hours on Friday, hitting $3.69. 2,082,967 shares of the stock were exchanged, compared to its average volume of 2,773,690. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.76 and a current ratio of 0.76. Prospect Capital Co. has a 1-year low of $3.39 and a 1-year high of $5.72. The company has a market cap of $1.64 billion, a PE ratio of -18.45 and a beta of 0.85. The company's fifty day simple moving average is $4.04 and its two-hundred day simple moving average is $4.40.

Prospect Capital Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were paid a $0.045 dividend. This represents a yield of 12.47%. The ex-dividend date of this dividend was Wednesday, February 26th. Prospect Capital's payout ratio is -270.00%.

Insider Activity

In other news, Director William Gremp acquired 19,100 shares of Prospect Capital stock in a transaction dated Tuesday, March 18th. The shares were bought at an average cost of $4.29 per share, with a total value of $81,939.00. Following the purchase, the director now owns 75,153 shares in the company, valued at $322,406.37. This trade represents a 34.07 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John F. Barry purchased 2,000,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $4.32 per share, with a total value of $8,640,000.00. Following the completion of the acquisition, the chief executive officer now owns 81,501,933 shares in the company, valued at approximately $352,088,350.56. This trade represents a 2.52 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 2,548,000 shares of company stock worth $10,970,715. Insiders own 28.25% of the company's stock.

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.