Prospect Capital Co. (NASDAQ:PSEC - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $3.40 and last traded at $3.47, with a volume of 1315019 shares trading hands. The stock had previously closed at $3.70.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Prospect Capital from a "sell" rating to a "hold" rating in a report on Saturday.
View Our Latest Analysis on PSEC
Prospect Capital Stock Up 2.0 %
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 fifty day simple moving average of $4.17 and a 200-day simple moving average of $4.50. The company has a market capitalization of $1.59 billion, a P/E ratio of -17.80 and a beta of 0.85.
Prospect Capital Dividend Announcement
The business also recently declared a dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were issued a $0.045 dividend. This represents a dividend yield of 12.47%. The ex-dividend date was Wednesday, February 26th. 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 dated Tuesday, March 18th. The stock was bought at an average cost of $4.29 per share, with a total value of $81,939.00. Following the purchase, the director now directly owns 75,153 shares of the company's stock, valued at $322,406.37. The trade was a 34.07 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John F. Barry acquired 240,000 shares of Prospect Capital stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $4.20 per share, with a total value of $1,008,000.00. Following the completion of the purchase, the chief executive officer now owns 81,981,933 shares in the company, valued at approximately $344,324,118.60. The trade was a 0.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 2,548,000 shares of company stock valued at $10,970,715 over the last quarter. Corporate insiders own 28.25% of the company's stock.
Institutional Investors Weigh In On Prospect Capital
Institutional investors and hedge funds have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. bought a new position in shares of Prospect Capital during the 4th quarter worth approximately $44,000. Envision Financial Planning LLC acquired a new position in shares of Prospect Capital in the fourth quarter valued at $56,000. PFG Advisors bought a new position in shares of Prospect Capital in the fourth quarter valued at about $57,000. Captrust Financial Advisors lifted its stake in shares of Prospect Capital by 34.9% during the 3rd quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider's stock worth $76,000 after buying an additional 3,686 shares during the last quarter. Finally, Independent Advisor Alliance bought a new stake in shares of Prospect Capital during the 4th quarter worth about $62,000. Institutional investors own 9.06% of the company's stock.
About Prospect Capital
(
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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.
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