William Gremp Buys 19,100 Shares of Prospect Capital Co. (NASDAQ:PSEC) Stock

Prospect Capital Co. (NASDAQ:PSEC - Get Free Report) Director William Gremp purchased 19,100 shares of Prospect Capital stock in a transaction on Tuesday, March 18th. The shares were acquired at an average cost of $4.29 per share, with a total value of $81,939.00. Following the completion of the transaction, the director now directly owns 75,153 shares in the company, valued at $322,406.37. The trade was a 34.07 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

William Gremp also recently made the following trade(s):

• On Friday, March 14th, William Gremp bought 900 shares of Prospect Capital stock. The shares were acquired at an average price of $4.24 per share, with a total value of $3,816.00.

Prospect Capital Price Performance

PSEC traded up $0.02 on Monday, hitting $4.24. 2,741,464 shares of the company's stock were exchanged, compared to its average volume of 2,593,348. The firm has a 50-day moving average price of $4.32 and a 200-day moving average price of $4.67. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -21.20 and a beta of 0.94. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.60. Prospect Capital Co. has a fifty-two week low of $4.09 and a fifty-two week high of $5.72.

Prospect Capital Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were given a dividend of $0.045 per share. This represents a yield of 12.47%. The ex-dividend date was Wednesday, February 26th. Prospect Capital's payout ratio is currently -270.00%.

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Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PSEC. Balyasny Asset Management L.P. lifted its stake in shares of Prospect Capital by 6,177.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,478,914 shares of the financial services provider's stock valued at $10,684,000 after purchasing an additional 2,439,426 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new position in Prospect Capital in the fourth quarter valued at about $7,880,000. Envestnet Asset Management Inc. boosted its stake in Prospect Capital by 4,160.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 946,648 shares of the financial services provider's stock worth $4,080,000 after buying an additional 924,428 shares during the period. Naviter Wealth LLC acquired a new stake in shares of Prospect Capital during the fourth quarter valued at about $2,216,000. Finally, Two Sigma Investments LP raised its stake in shares of Prospect Capital by 115.9% in the 4th quarter. Two Sigma Investments LP now owns 684,812 shares of the financial services provider's stock valued at $2,952,000 after acquiring an additional 367,634 shares during the period. 9.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Prospect Capital from a "sell" rating to a "hold" rating in a report 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.