ExodusPoint Capital Management LP Acquires Shares of 183,854 Prospect Capital Co. (NASDAQ:PSEC)

ExodusPoint Capital Management LP acquired a new position in shares of Prospect Capital Co. (NASDAQ:PSEC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 183,854 shares of the financial services provider's stock, valued at approximately $792,000.

A number of other large investors have also recently made changes to their positions in PSEC. Thomas J. Herzfeld Advisors Inc. acquired a new position in Prospect Capital during the 4th quarter worth approximately $7,880,000. Naviter Wealth LLC purchased a new position in Prospect Capital in the fourth quarter valued at $2,216,000. Trexquant Investment LP acquired a new stake in Prospect Capital in the fourth quarter valued at $1,429,000. Choreo LLC acquired a new position in shares of Prospect Capital during the 4th quarter worth about $1,086,000. Finally, Palogic Value Management L.P. raised its position in shares of Prospect Capital by 50.8% during the 4th quarter. Palogic Value Management L.P. now owns 351,294 shares of the financial services provider's stock worth $1,514,000 after acquiring an additional 118,400 shares in the last quarter. 9.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Prospect Capital

In other Prospect Capital news, CEO John F. Barry bought 240,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $4.20 per share, for a total transaction of $1,008,000.00. Following the completion of the purchase, the chief executive officer now owns 81,981,933 shares of the company's stock, valued at approximately $344,324,118.60. This represents a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William Gremp purchased 19,100 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was bought at an average price of $4.29 per share, for a total transaction of $81,939.00. Following the transaction, the director now directly owns 75,153 shares in the company, valued at $322,406.37. This trade represents a 34.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 2,548,000 shares of company stock worth $10,970,715. 28.25% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Prospect Capital from a "sell" rating to a "hold" rating in a report on Saturday.

Prospect Capital Stock Performance

NASDAQ PSEC traded down $0.04 during trading hours on Wednesday, hitting $3.55. The company had a trading volume of 573,889 shares, compared to its average volume of 2,738,902. The business has a 50 day moving average of $4.14 and a 200-day moving average of $4.48. 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 $1.58 billion, a PE ratio of -17.73 and a beta of 0.85.

Prospect Capital Announces Dividend

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

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.