Generali Investments CEE investicni spolecnost a.s. Makes New Investment in 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 the company in its most recent filing with the SEC. The institutional investor purchased 109,962 shares of the financial services provider's stock, valued at approximately $451,000.

Several other large investors also recently made changes to their positions in PSEC. Balyasny Asset Management L.P. lifted its stake in shares of Prospect Capital by 6,177.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,478,914 shares of the financial services provider's stock worth $10,684,000 after buying an additional 2,439,426 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Prospect Capital in the fourth quarter worth $7,880,000. Envestnet Asset Management Inc. lifted its stake in shares of Prospect Capital by 4,160.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 946,648 shares of the financial services provider's stock worth $4,080,000 after buying an additional 924,428 shares during the last quarter. PFG Investments LLC lifted its stake in shares of Prospect Capital by 3,430.6% in the first quarter. PFG Investments LLC now owns 624,419 shares of the financial services provider's stock worth $2,560,000 after buying an additional 606,733 shares during the last quarter. Finally, Naviter Wealth LLC acquired a new stake in shares of Prospect Capital in the fourth quarter worth $2,216,000. Institutional investors own 9.06% of the company's stock.

Insider Transactions at Prospect Capital

In other news, CEO John F. Barry purchased 623,300 shares of the company's stock in a transaction on Friday, June 20th. The shares were purchased at an average price of $3.19 per share, with a total value of $1,988,327.00. Following the purchase, the chief executive officer directly owned 83,266,026 shares of the company's stock, valued at $265,618,622.94. This trade represents a 0.75% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 28.25% of the company's stock.

Prospect Capital Price Performance

NASDAQ PSEC traded down $0.02 during trading hours on Wednesday, reaching $3.30. 918,081 shares of the company's stock were exchanged, compared to its average volume of 3,079,214. The stock has a market cap of $1.47 billion, a PE ratio of -3.84 and a beta of 0.83. Prospect Capital Corporation has a one year low of $3.10 and a one year high of $5.63. The firm has a fifty day moving average of $3.37 and a 200-day moving average of $3.87. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

Prospect Capital (NASDAQ:PSEC - Get Free Report) last released its earnings results on Thursday, May 8th. The financial services provider reported $0.19 earnings per share for the quarter, topping 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 Announces Dividend

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

Analyst Upgrades and Downgrades

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