CenterBook Partners LP Acquires New Shares in Prospect Capital Co. (NASDAQ:PSEC)

CenterBook Partners LP bought a new stake in shares of Prospect Capital Co. (NASDAQ:PSEC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 102,651 shares of the financial services provider's stock, valued at approximately $442,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PSEC. Cerity Partners LLC purchased a new position in shares of Prospect Capital in the 4th quarter valued at approximately $304,000. Envestnet Asset Management Inc. grew its holdings in shares of Prospect Capital by 4,160.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 946,648 shares of the financial services provider's stock valued at $4,080,000 after buying an additional 924,428 shares during the last quarter. ExodusPoint Capital Management LP purchased a new position in Prospect Capital in the 4th quarter worth $792,000. Thomas J. Herzfeld Advisors Inc. acquired a new stake in Prospect Capital during the 4th quarter worth about $7,880,000. Finally, Trexquant Investment LP purchased a new stake in Prospect Capital during the 4th quarter valued at about $1,429,000. 9.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Prospect Capital

In related news, Director William Gremp purchased 19,100 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were purchased at an average price of $4.29 per share, with a total value of $81,939.00. Following the purchase, the director now owns 75,153 shares of the company's stock, valued at $322,406.37. The trade was a 34.07 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John F. Barry acquired 2,000,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $4.32 per share, for a total transaction of $8,640,000.00. Following the completion of the acquisition, the chief executive officer now owns 81,501,933 shares of the company's stock, valued at approximately $352,088,350.56. This represents a 2.52 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 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.

Wall Street Analyst Weigh In

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

Prospect Capital Stock Performance

Shares of NASDAQ:PSEC traded up $0.08 during midday trading on Friday, reaching $3.56. The company's stock had a trading volume of 3,230,413 shares, compared to its average volume of 2,758,947. The firm has a market capitalization of $1.59 billion, a PE ratio of -17.80 and a beta of 0.85. The stock has a fifty day moving average of $4.12 and a 200 day moving average of $4.46. Prospect Capital Co. has a twelve month low of $3.39 and a twelve 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.

Prospect Capital Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th were issued a $0.045 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a dividend yield of 12.47%. Prospect Capital's dividend payout ratio (DPR) is presently -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.