Prospect Capital Co. (NASDAQ:PSEC - Get Free Report) CEO John F. Barry bought 4,099 shares of the business's stock in a transaction dated Monday, May 13th. The stock was acquired at an average price of $5.47 per share, for a total transaction of $22,421.53. Following the purchase, the chief executive officer now directly owns 65,796,357 shares in the company, valued at $359,906,072.79. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Prospect Capital Stock Performance
NASDAQ:PSEC traded up $0.07 on Wednesday, reaching $5.66. 2,233,075 shares of the company's stock were exchanged, compared to its average volume of 2,045,544. The stock has a fifty day simple moving average of $5.43 and a 200-day simple moving average of $5.67. Prospect Capital Co. has a 52 week low of $5.03 and a 52 week high of $6.69. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 16.44 and a beta of 1.00.
Prospect Capital Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Wednesday, August 28th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.72 dividend on an annualized basis and a yield of 12.72%. Prospect Capital's dividend payout ratio is currently 211.76%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on PSEC shares. StockNews.com raised Prospect Capital from a "sell" rating to a "hold" rating in a research report on Friday, April 26th. Wells Fargo & Company increased their price target on shares of Prospect Capital from $5.50 to $5.75 and gave the company an "underweight" rating in a research report on Monday, January 29th.
Check Out Our Latest Report on Prospect Capital
Institutional Trading of Prospect Capital
A number of large investors have recently modified their holdings of PSEC. Van ECK Associates Corp lifted its position in Prospect Capital by 26.1% during the fourth quarter. Van ECK Associates Corp now owns 6,161,151 shares of the financial services provider's stock valued at $36,905,000 after purchasing an additional 1,276,762 shares during the last quarter. LSV Asset Management lifted its position in Prospect Capital by 17.2% in the 4th quarter. LSV Asset Management now owns 2,035,654 shares of the financial services provider's stock worth $12,194,000 after buying an additional 298,400 shares during the last quarter. Jump Financial LLC grew its stake in shares of Prospect Capital by 105.9% during the fourth quarter. Jump Financial LLC now owns 328,220 shares of the financial services provider's stock valued at $1,966,000 after buying an additional 168,820 shares during the last quarter. Caxton Associates LP increased its holdings in shares of Prospect Capital by 244.6% in the third quarter. Caxton Associates LP now owns 235,729 shares of the financial services provider's stock worth $1,426,000 after buying an additional 167,316 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of Prospect Capital in the 4th quarter valued at about $888,000. Institutional investors own 9.06% of the company's stock.
About Prospect Capital
(
Get Free Report)
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.
Further Reading
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