136,238 Shares in Prospect Capital Co. (NASDAQ:PSEC) Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. bought a new stake in shares of Prospect Capital Co. (NASDAQ:PSEC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 136,238 shares of the financial services provider's stock, valued at approximately $587,000.

Several other large investors also recently added to or reduced their stakes in PSEC. Nomura Asset Management Co. Ltd. bought a new stake in shares of Prospect Capital during the 4th quarter valued at about $44,000. Centurion Wealth Management LLC bought a new stake in Prospect Capital in the 4th quarter worth approximately $46,000. Envision Financial Planning LLC bought a new stake in Prospect Capital in the 4th quarter worth approximately $56,000. PFG Advisors purchased a new position in Prospect Capital in the 4th quarter worth approximately $57,000. Finally, Independent Advisor Alliance purchased a new position in Prospect Capital in the 4th quarter worth approximately $62,000. Hedge funds and other institutional investors own 9.06% of the company's stock.

Wall Street Analysts Forecast Growth

PSEC has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on 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 upgraded Prospect Capital from a "sell" rating to a "hold" rating in a research report on Saturday, April 12th.

Insiders Place Their Bets

In related news, Director William Gremp acquired 19,100 shares of Prospect Capital stock in a transaction dated Tuesday, March 18th. The shares were acquired at an average cost of $4.29 per share, for a total transaction of $81,939.00. Following the completion of the purchase, the director now owns 75,153 shares in the company, valued at approximately $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 can be accessed through this link. Also, CEO John F. Barry acquired 2,000,000 shares of Prospect Capital stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $4.32 per share, for a total transaction of $8,640,000.00. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. In the last three months, insiders bought 2,548,000 shares of company stock worth $10,970,715. Corporate insiders own 28.25% of the company's stock.

Prospect Capital Trading Down 1.4%

Shares of PSEC stock traded down $0.05 on Thursday, reaching $3.24. 2,743,165 shares of the company's stock were exchanged, compared to its average volume of 2,910,885. Prospect Capital Co. has a 52 week low of $3.24 and a 52 week high of $5.67. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.44 billion, a PE ratio of -16.18 and a beta of 0.93. The company's fifty day simple moving average is $3.67 and its 200 day simple moving average is $4.13.

Prospect Capital (NASDAQ:PSEC - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.05. Prospect Capital had a return on equity of 12.31% and a net margin of 1.18%. The business had revenue of $170.72 million for the quarter, compared to the consensus estimate of $174.29 million.

Prospect Capital Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, June 18th. Investors of record on Thursday, May 29th will be issued a $0.045 dividend. The ex-dividend date is Wednesday, May 28th. This represents a yield of 16.46%. Prospect Capital's payout ratio is -62.79%.

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.