Trexquant Investment LP Makes New Investment in Prospect Capital Co. (NASDAQ:PSEC)

Trexquant Investment LP purchased a new position in shares of Prospect Capital Co. (NASDAQ:PSEC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 331,608 shares of the financial services provider's stock, valued at approximately $1,429,000. Trexquant Investment LP owned about 0.08% of Prospect Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in PSEC. Naviter Wealth LLC bought a new position in shares of Prospect Capital in the fourth quarter valued at approximately $2,216,000. Choreo LLC bought a new stake in shares of Prospect Capital during the 4th quarter worth $1,086,000. Palogic Value Management L.P. boosted its holdings in shares of Prospect Capital by 50.8% in 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 buying an additional 118,400 shares during the last quarter. Virtu Financial LLC grew its position in Prospect Capital by 175.2% during the third quarter. Virtu Financial LLC now owns 162,844 shares of the financial services provider's stock valued at $871,000 after buying an additional 103,679 shares during the period. Finally, Ridgeline Wealth LLC bought a new stake in Prospect Capital in the fourth quarter worth about $407,000. 9.06% of the stock is owned by institutional investors.

Prospect Capital Stock Performance

NASDAQ PSEC traded up $0.04 during trading on Tuesday, hitting $3.62. 724,682 shares of the company's stock traded hands, compared to its average volume of 2,733,930. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -18.08 and a beta of 0.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.76 and a current ratio of 0.76. The business has a 50 day moving average of $4.16 and a 200-day moving average of $4.48. 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 disclosed a dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, February 27th were issued a $0.045 dividend. This represents a yield of 12.47%. The ex-dividend date was Wednesday, February 26th. Prospect Capital's dividend payout ratio (DPR) is presently -270.00%.

Insider Activity at Prospect Capital

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Prospect Capital from a "sell" rating to a "hold" rating in a research note on Saturday.

Prospect Capital Company Profile

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.