Prospect Capital Co. (NASDAQ:PSEC - Get Free Report) CEO John F. Barry purchased 24,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average price of $4.30 per share, for a total transaction of $103,200.00. Following the purchase, the chief executive officer now owns 82,509,933 shares in the company, valued at $354,792,711.90. This trade represents a 0.03 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Prospect Capital Stock Performance
NASDAQ:PSEC remained flat at $4.24 during mid-day trading on Tuesday. The company had a trading volume of 2,447,204 shares, compared to its average volume of 2,593,371. The stock's fifty day moving average price is $4.32 and its 200-day moving average price is $4.66. The stock has a market cap of $1.89 billion, a PE ratio of -21.20 and a beta of 0.94. Prospect Capital Co. has a 1-year low of $4.09 and a 1-year high of $5.72. 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 Dividend Announcement
The firm also recently declared a dividend, which was paid on Thursday, March 20th. Stockholders 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 dividend yield of 12.47%. Prospect Capital's payout ratio is -270.00%.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Prospect Capital from a "sell" rating to a "hold" rating in a research note on Friday, December 6th.
Read Our Latest Stock Analysis on Prospect Capital
Institutional Trading of Prospect Capital
A number of institutional investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. acquired a new stake in Prospect Capital during the fourth quarter worth about $44,000. Centurion Wealth Management LLC bought a new stake in shares of Prospect Capital during the 4th quarter worth approximately $46,000. Envision Financial Planning LLC acquired a new stake in shares of Prospect Capital during the 4th quarter worth approximately $56,000. PFG Advisors bought a new position in Prospect Capital in the fourth quarter valued at approximately $57,000. Finally, Independent Advisor Alliance bought a new stake in Prospect Capital during the fourth quarter worth $62,000. 9.06% of the stock is currently owned by institutional investors.
Prospect Capital Company Profile
(
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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.
Further Reading
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