Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry Purchases 2,000,000 Shares

Prospect Capital Co. (NASDAQ:PSEC - Get Free Report) CEO John F. Barry acquired 2,000,000 shares of Prospect Capital stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $4.32 per share, for a total transaction of $8,640,000.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Prospect Capital Stock Performance

PSEC traded up $0.02 during midday trading on Monday, hitting $4.31. 1,085,076 shares of the company traded hands, compared to its average volume of 2,557,850. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.92 billion, a PE ratio of -21.53 and a beta of 0.94. The company's 50-day moving average is $4.32 and its 200 day moving average is $4.70. Prospect Capital Co. has a 52 week low of $4.09 and a 52 week high of $5.72.

Prospect Capital Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 27th will be issued a $0.045 dividend. This represents a yield of 12.47%. The ex-dividend date of this dividend is Wednesday, February 26th. Prospect Capital's dividend payout ratio is -270.00%.

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Institutional Investors Weigh In On Prospect Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. purchased a new stake in Prospect Capital during the 4th quarter valued at approximately $44,000. Centurion Wealth Management LLC purchased a new stake in Prospect Capital during the 4th quarter valued at approximately $46,000. MWA Asset Management purchased a new stake in Prospect Capital during the 3rd quarter valued at approximately $53,000. Envision Financial Planning LLC purchased a new stake in Prospect Capital during the 4th quarter valued at approximately $56,000. Finally, PFG Advisors purchased a new stake in Prospect Capital during the 4th quarter valued at approximately $57,000. 9.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Prospect Capital from a "sell" rating to a "hold" rating in a research note on Friday, December 6th.

About Prospect Capital

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.