John F. Barry Buys 2,000,000 Shares of Prospect Capital Co. (NASDAQ:PSEC) Stock

Prospect Capital Co. (NASDAQ:PSEC - Get Free Report) CEO John F. Barry purchased 2,000,000 shares of Prospect Capital stock in a transaction dated Tuesday, December 24th. The shares were bought at an average price of $4.29 per share, with a total value of $8,580,000.00. Following the completion of the transaction, the chief executive officer now owns 79,477,549 shares in the company, valued at approximately $340,958,685.21. This trade represents a 2.58 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Prospect Capital Price Performance

PSEC stock traded down $0.07 on Friday, reaching $4.26. The company had a trading volume of 3,535,969 shares, compared to its average volume of 2,498,059. Prospect Capital Co. has a 1 year low of $4.09 and a 1 year high of $6.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.48 and a current ratio of 0.48. The company's fifty day moving average is $4.69 and its 200 day moving average is $5.11. The company has a market cap of $1.86 billion, a P/E ratio of -16.38 and a beta of 0.97.

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

Prospect Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be paid a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 12.68%. The ex-dividend date of this dividend is Wednesday, January 29th. Prospect Capital's dividend payout ratio is presently -207.69%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Legacy Wealth Management LLC MS purchased a new position in shares of Prospect Capital during the 3rd quarter worth $451,000. Virtu Financial LLC lifted its stake in shares of Prospect Capital by 175.2% during the 3rd quarter. Virtu Financial LLC now owns 162,844 shares of the financial services provider's stock worth $871,000 after purchasing an additional 103,679 shares during the period. Arete Wealth Advisors LLC purchased a new position in shares of Prospect Capital during the 3rd quarter worth $1,199,000. XTX Topco Ltd purchased a new position in shares of Prospect Capital during the 3rd quarter worth $88,000. Finally, Paloma Partners Management Co purchased a new position in shares of Prospect Capital during the 3rd quarter worth $578,000. Hedge funds and other institutional investors own 9.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PSEC shares. Wells Fargo & Company reduced their price target on shares of Prospect Capital from $5.00 to $4.50 and set an "underweight" rating for the company in a research report on Friday, August 30th. StockNews.com upgraded shares of Prospect Capital from a "sell" rating to a "hold" rating in a research report on Friday, December 6th.

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.