Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 105,900 Prospect Capital Corporation (NASDAQ:PSEC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 105,900 shares of Prospect Capital Corporation during the first quarter, valued at approximately $434,000, according to a recent 13F filing.
• CEO John F. Barry purchased 623,300 shares of Prospect Capital for about $1.99 million, increasing his ownership stake in the company.
• Prospect Capital announced a dividend payout of $0.045 per share, with a yield of 1,588.0%, highlighting significant returns despite current negative net margins.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Prospect Capital Corporation (NASDAQ:PSEC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 105,900 shares of the financial services provider's stock, valued at approximately $434,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer & Co. Inc. bought a new position in Prospect Capital during the first quarter worth $70,000. Cerity Partners LLC bought a new stake in Prospect Capital in the 4th quarter valued at $304,000. ProShare Advisors LLC increased its holdings in Prospect Capital by 18.5% in the 4th quarter. ProShare Advisors LLC now owns 69,988 shares of the financial services provider's stock valued at $302,000 after buying an additional 10,906 shares during the period. Alpine Global Management LLC bought a new stake in Prospect Capital in the 4th quarter valued at $346,000. Finally, BNP Paribas Financial Markets increased its holdings in Prospect Capital by 90.4% in the 4th quarter. BNP Paribas Financial Markets now owns 259,449 shares of the financial services provider's stock valued at $1,118,000 after buying an additional 123,200 shares during the period. Institutional investors own 9.06% of the company's stock.

Prospect Capital Price Performance

Shares of PSEC traded up $0.05 during trading hours on Friday, hitting $2.81. The stock had a trading volume of 2,260,872 shares, compared to its average volume of 3,060,088. The company's fifty day moving average is $3.24 and its two-hundred day moving average is $3.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.83 and a quick ratio of 0.83. Prospect Capital Corporation has a 52 week low of $2.73 and a 52 week high of $5.57. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -3.26 and a beta of 0.85.

Prospect Capital (NASDAQ:PSEC - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. The business had revenue of $170.72 million for the quarter, compared to the consensus estimate of $174.29 million. Prospect Capital had a negative net margin of 36.07% and a positive return on equity of 12.43%.

Prospect Capital Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, July 30th will be given a dividend of $0.045 per share. The ex-dividend date is Tuesday, July 29th. This represents a yield of 1,588.0%. Prospect Capital's dividend payout ratio is -62.79%.

Insider Transactions at Prospect Capital

In other Prospect Capital news, CEO John F. Barry bought 623,300 shares of the business's stock in a transaction on Friday, June 20th. The shares were bought at an average cost of $3.19 per share, for a total transaction of $1,988,327.00. Following the transaction, the chief executive officer owned 83,266,026 shares in the company, valued at approximately $265,618,622.94. This trade represents a 0.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 28.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Prospect Capital from $3.50 to $3.00 and set an "underweight" rating on the stock in a report on Monday, May 12th. Wall Street Zen raised shares of Prospect Capital from a "sell" rating to a "hold" rating in a report on Saturday, April 12th.

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.