Prospect Capital Corporation (NASDAQ:PSEC) CEO John F. Barry Buys 319,000 Shares

Prospect Capital Corporation (NASDAQ:PSEC) CEO John F. Barry purchased 319,000 shares of the stock in a transaction on Monday, June 23rd. The stock was bought at an average price of $3.16 per share, for a total transaction of $1,008,040.00. Following the completion of the transaction, the chief executive officer now directly owns 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Prospect Capital Price Performance

Prospect Capital stock opened at $3.16 on Thursday. The business’s fifty day moving average is $3.43 and its two-hundred day moving average is $3.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $1.41 billion, a P/E ratio of -3.67 and a beta of 0.85. Prospect Capital Corporation has a 52 week low of $3.10 and a 52 week high of $5.63.

Prospect Capital (NASDAQ:PSEC) last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. Prospect Capital had a negative net margin of 36.07% and a positive return on equity of 12.43%. 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 business also recently announced 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 was Wednesday, May 28th. This represents a dividend yield of 16.46%. Prospect Capital’s payout ratio is -62.79%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Prospect Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cerity Partners LLC bought a new position in Prospect Capital in the 4th quarter valued at $304,000. ProShare Advisors LLC lifted its stake in shares of Prospect Capital by 18.5% during the fourth quarter. ProShare Advisors LLC now owns 69,988 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 10,906 shares during the period. Alpine Global Management LLC acquired a new position in shares of Prospect Capital during the fourth quarter valued at $346,000. BNP Paribas Financial Markets boosted its holdings in Prospect Capital by 90.4% in the fourth quarter. BNP Paribas Financial Markets now owns 259,449 shares of the financial services provider’s stock valued at $1,118,000 after acquiring an additional 123,200 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in 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 purchasing an additional 924,428 shares during the period. Institutional investors and hedge funds own 9.06% of the company’s stock.

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.