WMG Financial Advisors LLC Boosts Stock Holdings in Prospect Capital Co. (NASDAQ:PSEC)

WMG Financial Advisors LLC boosted its stake in shares of Prospect Capital Co. (NASDAQ:PSEC) by 22.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,950 shares of the financial services provider’s stock after acquiring an additional 5,100 shares during the period. WMG Financial Advisors LLC’s holdings in Prospect Capital were worth $120,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp grew its stake in Prospect Capital by 23.3% during the third quarter. Van ECK Associates Corp now owns 8,938,863 shares of the financial services provider’s stock valued at $47,376,000 after acquiring an additional 1,690,290 shares in the last quarter. XML Financial LLC grew its stake in Prospect Capital by 8.1% during the third quarter. XML Financial LLC now owns 2,044,448 shares of the financial services provider’s stock valued at $10,938,000 after acquiring an additional 153,180 shares in the last quarter. D.A. Davidson & CO. grew its stake in Prospect Capital by 14.6% during the fourth quarter. D.A. Davidson & CO. now owns 342,831 shares of the financial services provider’s stock valued at $1,478,000 after acquiring an additional 43,753 shares in the last quarter. Tcfg Wealth Management LLC grew its stake in Prospect Capital by 1.7% during the fourth quarter. Tcfg Wealth Management LLC now owns 269,580 shares of the financial services provider’s stock valued at $1,162,000 after acquiring an additional 4,396 shares in the last quarter. Finally, Choreo LLC purchased a new position in Prospect Capital during the fourth quarter valued at $1,086,000. 9.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO John F. Barry purchased 2,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was purchased at an average cost of $4.29 per share, with a total value of $8,580,000.00. Following the purchase, the chief executive officer now owns 79,477,549 shares in the company, valued at approximately $340,958,685.21. This trade represents a 2.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 27.10% of the company’s stock.

Prospect Capital Stock Performance

Shares of NASDAQ:PSEC opened at $4.35 on Tuesday. Prospect Capital Co. has a 52 week low of $4.09 and a 52 week high of $5.72. The stock has a market capitalization of $1.93 billion, a P/E ratio of -21.75 and a beta of 0.99. The firm has a fifty day simple moving average of $4.32 and a two-hundred day simple moving average of $4.75. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60.

Prospect Capital Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th will be paid a $0.045 dividend. The ex-dividend date is Wednesday, February 26th. This represents a dividend yield of 12.47%. Prospect Capital’s payout ratio is currently -270.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Prospect Capital from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

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.