XTX Topco Ltd Boosts Holdings in Prospect Capital Co. (NASDAQ:PSEC)

XTX Topco Ltd raised its holdings in Prospect Capital Co. (NASDAQ:PSEC - Free Report) by 943.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,329 shares of the financial services provider's stock after purchasing an additional 155,820 shares during the quarter. XTX Topco Ltd's holdings in Prospect Capital were worth $743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of PSEC. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Prospect Capital during the 4th quarter valued at $7,880,000. Envestnet Asset Management Inc. lifted its position in shares of Prospect Capital by 4,160.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 946,648 shares of the financial services provider's stock valued at $4,080,000 after buying an additional 924,428 shares during the last quarter. Naviter Wealth LLC purchased a new position in shares of Prospect Capital during the 4th quarter valued at $2,216,000. DnB Asset Management AS lifted its position in shares of Prospect Capital by 3.1% during the 4th quarter. DnB Asset Management AS now owns 383,942 shares of the financial services provider's stock valued at $1,655,000 after buying an additional 11,648 shares during the last quarter. Finally, Palogic Value Management L.P. lifted its holdings in Prospect Capital by 50.8% during the 4th quarter. Palogic Value Management L.P. now owns 351,294 shares of the financial services provider's stock worth $1,514,000 after purchasing an additional 118,400 shares in the last quarter. Institutional investors own 9.06% of the company's stock.

Prospect Capital Price Performance

PSEC traded up $0.05 during trading on Wednesday, reaching $3.61. 919,308 shares of the company were exchanged, compared to its average volume of 2,762,178. The company's 50-day moving average is $4.07 and its two-hundred day moving average is $4.42. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -18.05 and a beta of 0.85. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. Prospect Capital Co. has a 12-month low of $3.39 and a 12-month high of $5.72.

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 dividend of $0.045 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a dividend yield of 12.47%. Prospect Capital's dividend payout ratio (DPR) is presently -270.00%.

Insider Transactions at Prospect Capital

In other Prospect Capital news, Director William Gremp purchased 19,100 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were purchased at an average cost of $4.29 per share, with a total value of $81,939.00. Following the completion of the purchase, the director now owns 75,153 shares of the company's stock, valued at $322,406.37. The trade was a 34.07 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John F. Barry purchased 240,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $4.20 per share, for a total transaction of $1,008,000.00. Following the completion of the purchase, the chief executive officer now directly owns 81,981,933 shares of the company's stock, valued at approximately $344,324,118.60. This represents a 0.29 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 2,548,000 shares of company stock valued at $10,970,715. 28.25% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Prospect Capital from a "sell" rating to a "hold" rating in a report on Saturday, April 12th.

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.