John F. Barry Buys 837,273 Shares of Prospect Capital Co. (NASDAQ:PSEC) Stock

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 completion of the transaction, the chief executive officer now owns 73,450,112 shares in the company, valued at approximately $328,322,000.64. This represents a 1.15 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Prospect Capital Trading Up 1.5 %

Prospect Capital stock opened at $4.66 on Friday. 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’s 50 day moving average price is $5.12 and its 200-day moving average price is $5.30. Prospect Capital Co. has a 1 year low of $4.15 and a 1 year high of $6.30. The stock has a market cap of $2.03 billion, a P/E ratio of -17.92 and a beta of 1.00.

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

Prospect Capital Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 11.59%. The ex-dividend date of this dividend is Wednesday, January 29th. Prospect Capital’s dividend payout ratio is presently -276.92%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Prospect Capital

A number of large investors have recently added to or reduced their stakes in PSEC. Rothschild Investment LLC bought a new position in Prospect Capital during the second quarter valued at $27,000. MWA Asset Management purchased a new position in Prospect Capital in the third quarter worth about $53,000. Global Assets Advisory LLC bought a new stake in Prospect Capital during the third quarter worth approximately $64,000. Family Wealth Partners LLC purchased a new stake in Prospect Capital during the third quarter valued at approximately $74,000. Finally, Captrust Financial Advisors boosted its holdings in shares of Prospect Capital by 34.9% in the 3rd 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. Institutional investors own 9.06% of the company’s stock.

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.