Spire Wealth Management Buys 66,911 Shares of Prospect Capital Co. (NASDAQ:PSEC)

Spire Wealth Management grew its position in shares of Prospect Capital Co. (NASDAQ:PSEC - Free Report) by 265.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,144 shares of the financial services provider's stock after buying an additional 66,911 shares during the quarter. Spire Wealth Management's holdings in Prospect Capital were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC acquired a new position in shares of Prospect Capital during the third quarter worth approximately $64,000. Family Wealth Partners LLC acquired a new stake in Prospect Capital in the third quarter worth $74,000. Captrust Financial Advisors raised its holdings in Prospect Capital by 34.9% in the third quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider's stock worth $76,000 after purchasing an additional 3,686 shares during the period. XTX Topco Ltd bought a new stake in shares of Prospect Capital during the third quarter worth $88,000. Finally, West Michigan Advisors LLC bought a new stake in shares of Prospect Capital during the third quarter worth $92,000. 9.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Prospect Capital

In related news, CEO John F. Barry bought 837,273 shares of the business's stock in a transaction dated Monday, November 18th. The stock was bought at an average price of $4.47 per share, for a total transaction of $3,742,610.31. Following the purchase, the chief executive officer now owns 73,450,112 shares in the company, valued at $328,322,000.64. This represents a 1.15 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO M Grier Eliasek bought 210,000 shares of the business's stock in a transaction dated Friday, November 29th. The shares were bought at an average price of $4.81 per share, with a total value of $1,010,100.00. Following the purchase, the chief operating officer now owns 2,131,130 shares in the company, valued at $10,250,735.30. The trade was a 10.93 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 5,273,173 shares of company stock worth $23,701,420 over the last quarter. 27.10% of the stock is currently owned by insiders.

Prospect Capital Stock Down 0.5 %

Prospect Capital stock traded down $0.02 during mid-day trading on Friday, reaching $4.21. The company's stock had a trading volume of 1,671,280 shares, compared to its average volume of 2,234,117. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.65. The business's 50 day simple moving average is $4.34 and its 200 day simple moving average is $4.84. Prospect Capital Co. has a 12 month low of $4.09 and a 12 month high of $5.86.

Prospect Capital (NASDAQ:PSEC - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The financial services provider reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.04. The firm had revenue of $196.31 million during the quarter. Prospect Capital had a negative net margin of 2.23% and a positive return on equity of 12.19%.

Wall Street Analysts Forecast Growth

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