Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in 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 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 105,900 shares of the financial services provider's stock, valued at approximately $434,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. VSM Wealth Advisory LLC acquired a new position in Prospect Capital in the 1st quarter worth about $25,000. KG&L Capital Management LLC bought a new stake in shares of Prospect Capital in the 1st quarter worth about $41,000. Envision Financial Planning LLC bought a new stake in Prospect Capital during the 4th quarter worth about $56,000. Ameriflex Group Inc. bought a new position in shares of Prospect Capital in the 4th quarter valued at about $62,000. Finally, Tower Research Capital LLC TRC boosted its stake in Prospect Capital by 732.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 14,560 shares of the financial services provider's stock worth $63,000 after acquiring an additional 12,810 shares during the last quarter. 9.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PSEC has been the topic of a number of analyst reports. Wall Street Zen upgraded Prospect Capital from a "sell" rating to a "hold" rating in a research note on Saturday, April 12th. Wells Fargo & Company reduced their price target on Prospect Capital from $3.50 to $3.00 and set an "underweight" rating on the stock in a research report on Monday, May 12th.

Prospect Capital Stock Performance

NASDAQ PSEC traded down $0.07 during trading on Wednesday, hitting $2.83. 6,376,121 shares of the company's stock traded hands, compared to its average volume of 3,338,098. The business has a 50 day moving average of $3.26 and a 200-day moving average of $3.74. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -3.29 and a beta of 0.85. Prospect Capital Corporation has a 12-month low of $2.80 and a 12-month high of $5.57. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 0.83.

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

Prospect Capital Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, August 20th. Shareholders 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 (DPR) is -62.79%.

Insider Buying and Selling

In other Prospect Capital news, CEO John F. Barry purchased 623,300 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was purchased at an average cost of $3.19 per share, with a total value of $1,988,327.00. Following the purchase, the chief executive officer owned 83,266,026 shares of the company's stock, valued at approximately $265,618,622.94. The trade was a 0.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 28.25% of the stock is owned by company insiders.

Prospect Capital 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.