Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry Purchases 837,273 Shares

Prospect Capital Co. (NASDAQ:PSEC) CEO John F. Barry acquired 837,273 shares of the stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $4.47 per share, for a total transaction of $3,742,610.31. Following the acquisition, the chief executive officer now owns 73,450,112 shares in the company, valued at $328,322,000.64. The trade was a 1.15 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Prospect Capital Price Performance

Shares of Prospect Capital stock traded down $0.05 during midday trading on Wednesday, hitting $4.59. 3,080,726 shares of the company were exchanged, compared to its average volume of 2,352,269. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a market cap of $2.00 billion, a P/E ratio of -17.85 and a beta of 1.00. Prospect Capital Co. has a 52 week low of $4.15 and a 52 week high of $6.30. The firm has a 50 day simple moving average of $5.15 and a 200-day simple moving average of $5.31.

Prospect Capital (NASDAQ:PSEC) last released its earnings results on Friday, November 8th. The financial services provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The company 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 announced a monthly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a yield of 11.76%. The ex-dividend date is Wednesday, January 29th. Prospect Capital’s dividend payout ratio (DPR) is currently -276.92%.

Hedge Funds Weigh In On Prospect Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC bought a new position in shares of Prospect Capital during the 2nd quarter valued at about $27,000. Global Assets Advisory LLC bought a new position in shares of Prospect Capital during the 3rd quarter valued at about $64,000. Family Wealth Partners LLC bought a new position in shares of Prospect Capital during the 3rd quarter valued at about $74,000. Captrust Financial Advisors lifted its holdings 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 valued at $76,000 after purchasing an additional 3,686 shares in the last quarter. Finally, AE Wealth Management LLC bought a new position in shares of Prospect Capital during the 2nd quarter valued at about $80,000. Institutional investors own 9.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Prospect Capital from $5.00 to $4.50 and set an “underweight” rating on the stock in a report on Friday, August 30th. StockNews.com lowered Prospect Capital from a “hold” rating to a “sell” rating in a report on Friday, August 30th.

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.