Generali Investments CEE investicni spolecnost a.s. Purchases Shares of 109,962 Prospect Capital Corporation (NASDAQ:PSEC)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Prospect Capital Corporation (NASDAQ:PSEC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 109,962 shares of the financial services provider's stock, valued at approximately $451,000.

Other hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its holdings in shares of Prospect Capital by 1.2% during the first quarter. D.A. Davidson & CO. now owns 346,881 shares of the financial services provider's stock worth $1,422,000 after buying an additional 4,050 shares in the last quarter. KG&L Capital Management LLC purchased a new stake in Prospect Capital during the 1st quarter valued at about $41,000. Spire Wealth Management grew its stake in Prospect Capital by 22.0% during the 1st quarter. Spire Wealth Management now owns 112,389 shares of the financial services provider's stock valued at $461,000 after acquiring an additional 20,245 shares in the last quarter. Global Assets Advisory LLC raised its holdings in Prospect Capital by 56.2% in the 1st quarter. Global Assets Advisory LLC now owns 24,995 shares of the financial services provider's stock valued at $96,000 after acquiring an additional 8,997 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in Prospect Capital in the 1st quarter worth approximately $70,000. 9.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Prospect Capital

In other news, CEO John F. Barry acquired 319,000 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was purchased at an average cost of $3.16 per share, with a total value of $1,008,040.00. Following the purchase, the chief executive officer directly owned 83,585,026 shares of the company's stock, valued at approximately $264,128,682.16. This trade represents a 0.38% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 28.25% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Prospect Capital Stock Performance

NASDAQ PSEC traded down $0.01 during trading hours on Monday, hitting $3.31. 2,197,094 shares of the stock were exchanged, compared to its average volume of 3,084,002. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -3.85 and a beta of 0.83. Prospect Capital Corporation has a 12-month low of $3.10 and a 12-month high of $5.63. The stock has a 50-day moving average of $3.38 and a 200 day moving average of $3.88.

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

Prospect Capital Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, June 18th. Stockholders of record on Thursday, May 29th were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a dividend yield of 16.46%. Prospect Capital's payout ratio is -62.79%.

About Prospect Capital

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.