XML Financial LLC Sells 1,098,442 Shares of Prospect Capital Co. (NASDAQ:PSEC)

XML Financial LLC reduced its holdings in shares of Prospect Capital Co. (NASDAQ:PSEC - Free Report) by 53.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 946,006 shares of the financial services provider's stock after selling 1,098,442 shares during the quarter. XML Financial LLC owned 0.22% of Prospect Capital worth $4,077,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Assets Advisory LLC acquired a new stake in shares of Prospect Capital during the third quarter valued at about $64,000. Family Wealth Partners LLC acquired a new stake in Prospect Capital during the 3rd quarter worth approximately $74,000. Captrust Financial Advisors grew its holdings in 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 acquiring an additional 3,686 shares during the last quarter. AE Wealth Management LLC acquired a new position in Prospect Capital in the 2nd quarter valued at approximately $80,000. Finally, XTX Topco Ltd acquired a new position in shares of Prospect Capital during the third quarter worth $88,000. Institutional investors own 9.06% of the company's stock.

Insider Activity

In other news, CEO John F. Barry bought 2,000,000 shares of the stock in a transaction dated Tuesday, December 24th. The shares were bought at an average cost of $4.29 per share, with a total value of $8,580,000.00. Following the completion of the transaction, the chief executive officer now directly owns 79,477,549 shares of the company's stock, valued at $340,958,685.21. This trade represents a 2.58 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO M Grier Eliasek bought 210,000 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was purchased at an average price of $4.81 per share, for a total transaction of $1,010,100.00. Following the completion of the acquisition, the chief operating officer now owns 2,131,130 shares in the company, valued at $10,250,735.30. This represents a 10.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 5,273,173 shares of company stock worth $23,701,420 in the last quarter. 27.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Prospect Capital from a "sell" rating to a "hold" rating in a research report on Friday, December 6th.

Prospect Capital Trading Down 0.2 %

Shares of NASDAQ PSEC traded down $0.01 during midday trading on Wednesday, reaching $4.38. The stock had a trading volume of 2,572,668 shares, compared to its average volume of 2,436,712. The company's 50 day moving average price is $4.42 and its 200 day moving average price is $4.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.48 and a current ratio of 0.48. Prospect Capital Co. has a twelve month low of $4.09 and a twelve month high of $6.25. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of -16.85 and a beta of 0.99.

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

Prospect Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be paid a $0.045 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.54 annualized dividend and a dividend yield of 12.33%. Prospect Capital's dividend payout ratio is currently -207.69%.

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.