Prospect Capital Co. (NASDAQ:PSEC) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in shares of Prospect Capital Co. (NASDAQ:PSEC) by 99.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 136,249 shares of the financial services provider’s stock after purchasing an additional 67,920 shares during the period. BNP Paribas Financial Markets’ holdings in Prospect Capital were worth $729,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rothschild Investment LLC bought a new stake in shares of Prospect Capital in the 2nd quarter worth $27,000. Global Assets Advisory LLC bought a new stake in Prospect Capital in the third quarter worth about $64,000. Family Wealth Partners LLC acquired a new stake in Prospect Capital in the 3rd quarter valued at about $74,000. AE Wealth Management LLC bought a new position in shares of Prospect Capital during the 2nd quarter valued at about $80,000. Finally, West Michigan Advisors LLC acquired a new position in shares of Prospect Capital in the 3rd quarter worth approximately $92,000. 9.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PSEC has been the subject of several recent research reports. Wells Fargo & Company cut their target price on shares of Prospect Capital from $5.00 to $4.50 and set an “underweight” rating for the company in a research note on Friday, August 30th. StockNews.com upgraded Prospect Capital from a “sell” rating to a “hold” rating in a research report on Friday, December 6th.

Insider Buying and Selling

In related news, CEO John F. Barry bought 205,900 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was bought at an average price of $4.40 per share, with a total value of $905,960.00. Following the purchase, the chief executive officer now directly owns 72,612,839 shares of the company’s stock, valued at approximately $319,496,491.60. This represents a 0.28 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO M Grier Eliasek purchased 210,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was bought at an average cost of $4.81 per share, for a total transaction of $1,010,100.00. Following the completion of the purchase, the chief operating officer now directly owns 2,131,130 shares of the company’s stock, 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. In the last ninety days, insiders acquired 3,273,173 shares of company stock valued at $15,121,420. Corporate insiders own 27.10% of the company’s stock.

Prospect Capital Price Performance

PSEC stock opened at $4.48 on Friday. The firm has a 50-day moving average of $4.88 and a two-hundred day moving average of $5.21. The firm has a market capitalization of $1.95 billion, a PE ratio of -17.23 and a beta of 0.97. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.65. Prospect Capital Co. has a one year low of $4.15 and a one year high of $6.30.

Prospect Capital (NASDAQ:PSEC) last posted its quarterly earnings data on Friday, November 8th. The financial services provider reported $0.21 EPS for the quarter, topping 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 firm had revenue of $196.31 million during the quarter.

Prospect Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, January 29th will be given a dividend of $0.045 per share. This represents a $0.54 annualized dividend and a yield of 12.05%. The ex-dividend date of this dividend is Wednesday, January 29th. Prospect Capital’s payout ratio is -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.