BI Asset Management Fondsmaeglerselskab A S Raises Position in Prospect Capital Co. (NASDAQ:PSEC)

BI Asset Management Fondsmaeglerselskab A S lifted its stake in Prospect Capital Co. (NASDAQ:PSEC - Free Report) by 49.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 707,827 shares of the financial services provider's stock after purchasing an additional 233,948 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.16% of Prospect Capital worth $3,051,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Cravens & Co Advisors LLC purchased a new stake in shares of Prospect Capital in the 4th quarter worth about $86,000. Guggenheim Capital LLC increased its stake in shares of Prospect Capital by 8.2% during the fourth quarter. Guggenheim Capital LLC now owns 88,830 shares of the financial services provider's stock valued at $383,000 after purchasing an additional 6,734 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of Prospect Capital by 943.8% during the fourth quarter. XTX Topco Ltd now owns 172,329 shares of the financial services provider's stock valued at $743,000 after purchasing an additional 155,820 shares during the last quarter. Envision Financial Planning LLC bought a new stake in shares of Prospect Capital in the 4th quarter worth approximately $56,000. Finally, Concorde Asset Management LLC purchased a new stake in shares of Prospect Capital in the 4th quarter worth approximately $126,000. Hedge funds and other institutional investors own 9.06% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Prospect Capital from a "sell" rating to a "hold" rating in a research note on Saturday, April 12th.

Insider Transactions at Prospect Capital

In related news, Director William Gremp acquired 19,100 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was purchased at an average cost of $4.29 per share, with a total value of $81,939.00. Following the completion of the acquisition, the director now directly owns 75,153 shares of the company's stock, valued at approximately $322,406.37. This trade represents a 34.07 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John F. Barry bought 24,000 shares of the business's stock in a transaction on Monday, March 24th. The stock was bought at an average cost of $4.24 per share, with a total value of $101,760.00. Following the transaction, the chief executive officer now owns 82,594,540 shares in the company, valued at $350,200,849.60. This trade represents a 0.03 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 2,548,000 shares of company stock worth $10,970,715 over the last quarter. 28.25% of the stock is currently owned by insiders.

Prospect Capital Stock Up 0.5 %

Prospect Capital stock traded up $0.02 during trading hours on Friday, hitting $3.69. The stock had a trading volume of 2,086,867 shares, compared to its average volume of 2,771,775. The stock's 50-day moving average price is $4.03 and its 200-day moving average price is $4.39. Prospect Capital Co. has a 12-month low of $3.39 and a 12-month high of $5.72. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.64 billion, a P/E ratio of -18.45 and a beta of 0.85.

Prospect Capital Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were issued a $0.045 dividend. This represents a dividend yield of 12.47%. The ex-dividend date of this dividend was Wednesday, February 26th. Prospect Capital's payout ratio is -270.00%.

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.