90,719 Shares in Prospect Capital Co. (NASDAQ:PSEC) Bought by Glenview Trust co

Glenview Trust co acquired a new stake in Prospect Capital Co. (NASDAQ:PSEC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 90,719 shares of the financial services provider's stock, valued at approximately $391,000.

Other institutional investors have also recently added to or reduced their stakes in the company. MWA Asset Management acquired a new position in Prospect Capital during the third quarter worth approximately $53,000. SMH Capital Advisors Inc. boosted its holdings in Prospect Capital by 43.7% in the third quarter. SMH Capital Advisors Inc. now owns 145,605 shares of the financial services provider's stock valued at $779,000 after acquiring an additional 44,301 shares during the last quarter. Great Valley Advisor Group Inc. purchased a new stake in shares of Prospect Capital during the 3rd quarter worth about $105,000. D.A. Davidson & CO. grew its stake in Prospect Capital by 2.6% during the third quarter. D.A. Davidson & CO. now owns 299,078 shares of the financial services provider's stock worth $1,600,000 after buying an additional 7,641 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Prospect Capital by 99.4% in the third quarter. BNP Paribas Financial Markets now owns 136,249 shares of the financial services provider's stock worth $729,000 after acquiring an additional 67,920 shares in the last quarter. 9.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director William Gremp acquired 19,100 shares of Prospect Capital stock in a transaction on Tuesday, March 18th. The shares were purchased at an average cost of $4.29 per share, for a total transaction 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. The trade was a 34.07 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John F. Barry bought 2,000,000 shares of the business's stock in a transaction dated Tuesday, December 24th. The stock was bought at an average price of $4.29 per share, for a total transaction of $8,580,000.00. Following the purchase, the chief executive officer now owns 79,477,549 shares in the company, valued at approximately $340,958,685.21. This represents a 2.58 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 4,524,000 shares of company stock worth $19,448,955 over the last ninety days. Corporate insiders own 28.25% of the company's stock.

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Analysts Set New Price Targets

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 Down 0.9 %

NASDAQ PSEC traded down $0.04 on Friday, reaching $4.22. The company had a trading volume of 2,900,738 shares, compared to its average volume of 2,586,623. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.76 and a quick ratio of 0.76. Prospect Capital Co. has a 1 year low of $4.09 and a 1 year high of $5.72. The firm has a 50-day moving average of $4.32 and a 200-day moving average of $4.68. The firm has a market capitalization of $1.88 billion, a PE ratio of -21.10 and a beta of 0.94.

Prospect Capital Announces Dividend

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