CenterBook Partners LP Takes Position in Prospect Capital Co. (NASDAQ:PSEC)

CenterBook Partners LP purchased a new position in shares of Prospect Capital Co. (NASDAQ:PSEC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 102,651 shares of the financial services provider's stock, valued at approximately $442,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Captrust Financial Advisors raised its position 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 worth $76,000 after acquiring an additional 3,686 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Prospect Capital in the 3rd quarter valued at about $88,000. Virtu Financial LLC grew its position in shares of Prospect Capital by 175.2% in the 3rd quarter. Virtu Financial LLC now owns 162,844 shares of the financial services provider's stock worth $871,000 after buying an additional 103,679 shares during the last quarter. Legacy Wealth Management LLC MS bought a new position in shares of Prospect Capital during the 3rd quarter worth approximately $451,000. Finally, Ridgeline Wealth LLC purchased a new stake in Prospect Capital during the fourth quarter valued at approximately $407,000. 9.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity at Prospect Capital

In other news, Director William Gremp acquired 19,100 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were acquired at an average price of $4.29 per share, with a total value of $81,939.00. Following the purchase, the director now directly owns 75,153 shares of the company's stock, valued at $322,406.37. This trade represents a 34.07 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John F. Barry bought 2,000,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $4.32 per share, with a total value of $8,640,000.00. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 2,548,000 shares of company stock worth $10,970,715 over the last three months. Company insiders own 28.25% of the company's stock.

Prospect Capital Stock Performance

Shares of PSEC stock traded up $0.08 during mid-day trading on Thursday, reaching $3.56. The stock had a trading volume of 3,226,298 shares, compared to its average volume of 2,753,062. Prospect Capital Co. has a 1-year low of $3.39 and a 1-year high of $5.72. The business's fifty day moving average is $4.13 and its 200-day moving average is $4.47. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -17.80 and a beta of 0.85.

Prospect Capital Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued a dividend of $0.045 per share. The ex-dividend date was Wednesday, February 26th. This represents a dividend yield of 12.47%. Prospect Capital's dividend payout ratio (DPR) is presently -270.00%.

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.