Prospect Capital Co. (NASDAQ:PSEC - Get Free Report) CEO John F. Barry bought 24,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average price of $4.24 per share, for a total transaction of $101,760.00. Following the acquisition, the chief executive officer now directly owns 82,594,540 shares of the company's stock, valued at $350,200,849.60. This represents a 0.03 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Prospect Capital Stock Performance
Shares of PSEC traded down $0.07 during trading hours on Friday, hitting $4.11. The company had a trading volume of 2,741,038 shares, compared to its average volume of 2,601,159. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -20.55 and a beta of 0.94. 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 business has a fifty day moving average of $4.31 and a 200-day moving average of $4.63. Prospect Capital Co. has a 12 month low of $4.09 and a 12 month high of $5.72.
Prospect Capital Announces Dividend
The firm also recently announced 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 was Wednesday, February 26th. This represents a dividend yield of 12.47%. Prospect Capital's payout ratio is presently -270.00%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Prospect Capital from a "sell" rating to a "hold" rating in a research note on Friday, December 6th.
Check Out Our Latest Analysis on PSEC
Hedge Funds Weigh In On Prospect Capital
A number of hedge funds have recently bought and sold shares of PSEC. Nomura Asset Management Co. Ltd. acquired a new position in shares of Prospect Capital during the 4th quarter worth approximately $44,000. Centurion Wealth Management LLC acquired a new stake in Prospect Capital during the fourth quarter worth approximately $46,000. Envision Financial Planning LLC bought a new position in Prospect Capital during the 4th quarter worth $56,000. PFG Advisors bought a new position in Prospect Capital during the 4th quarter worth $57,000. Finally, Independent Advisor Alliance acquired a new position in Prospect Capital in the 4th quarter valued at $62,000. 9.06% of the stock is owned by institutional investors.
Prospect Capital Company Profile
(
Get Free Report)
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.
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