252,737 Shares in Prospect Capital Co. (NASDAQ:PSEC) Purchased by Choreo LLC

Choreo LLC acquired a new stake in shares of Prospect Capital Co. (NASDAQ:PSEC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 252,737 shares of the financial services provider's stock, valued at approximately $1,086,000. Choreo LLC owned about 0.06% of Prospect Capital as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sheaff Brock Investment Advisors LLC increased its position in shares of Prospect Capital by 7.4% during the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 29,260 shares of the financial services provider's stock worth $157,000 after purchasing an additional 2,010 shares in the last quarter. Captrust Financial Advisors lifted 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. J.W. Cole Advisors Inc. boosted its holdings in Prospect Capital by 18.0% during the third quarter. J.W. Cole Advisors Inc. now owns 25,424 shares of the financial services provider's stock worth $136,000 after buying an additional 3,877 shares during the last quarter. Barrett & Company Inc. grew its holdings in Prospect Capital by 14.5% during the third quarter. Barrett & Company Inc. now owns 50,775 shares of the financial services provider's stock valued at $272,000 after purchasing an additional 6,425 shares during the period. Finally, Family Wealth Partners LLC increased its position in shares of Prospect Capital by 52.8% in the 4th quarter. Family Wealth Partners LLC now owns 21,215 shares of the financial services provider's stock valued at $91,000 after buying an additional 7,327 shares in the last quarter. 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 report on Friday, December 6th.

Prospect Capital Stock Performance

PSEC stock traded down $0.02 during mid-day trading on Friday, reaching $4.21. The company had a trading volume of 1,671,280 shares, compared to its average volume of 2,234,117. Prospect Capital Co. has a 52 week low of $4.09 and a 52 week high of $5.86. The stock has a 50 day simple moving average of $4.34 and a two-hundred day simple moving average of $4.84. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.65.

Prospect Capital (NASDAQ:PSEC - Get Free Report) last released its earnings results on Friday, November 8th. The financial services provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. Prospect Capital had a negative net margin of 2.23% and a positive return on equity of 12.19%. The business had revenue of $196.31 million during the quarter.

Insiders Place Their Bets

In related news, CEO John F. Barry acquired 205,900 shares of the firm's stock in a transaction on Friday, November 15th. The shares were purchased at an average cost of $4.40 per share, for a total transaction of $905,960.00. Following the completion of the acquisition, the chief executive officer now directly owns 72,612,839 shares in the company, valued at approximately $319,496,491.60. This trade represents a 0.28 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO M Grier Eliasek bought 210,000 shares of the business's stock in a transaction dated Friday, November 29th. The shares were bought at an average price of $4.81 per share, with a total value of $1,010,100.00. Following the purchase, the chief operating officer now owns 2,131,130 shares in the company, valued at $10,250,735.30. The trade was a 10.93 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 5,273,173 shares of company stock valued at $23,701,420 over the last 90 days. 27.10% of the stock is currently owned by insiders.

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.