Concorde Asset Management LLC bought a new position in shares of Prospect Capital Corporation (NASDAQ:PSEC – Free Report) during the second quarter, HoldingsChannel.com reports. The firm bought 357,400 shares of the financial services provider’s stock, valued at approximately $838,000.
Several other large investors also recently bought and sold shares of PSEC. Raymond James Financial Inc. increased its position in shares of Prospect Capital by 0.5% in the second quarter. Raymond James Financial Inc. now owns 844,465 shares of the financial services provider’s stock valued at $2,685,000 after buying an additional 3,880 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Prospect Capital by 55.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 16,970 shares of the financial services provider’s stock worth $39,000 after buying an additional 6,056 shares in the last quarter. Private Advisor Group LLC grew its stake in Prospect Capital by 0.4% in the 1st quarter. Private Advisor Group LLC now owns 1,711,638 shares of the financial services provider’s stock valued at $4,467,000 after acquiring an additional 6,262 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in Prospect Capital by 1.3% in the 2nd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 520,592 shares of the financial services provider’s stock valued at $1,655,000 after acquiring an additional 6,516 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Prospect Capital by 1.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 504,342 shares of the financial services provider’s stock valued at $1,387,000 after acquiring an additional 9,008 shares in the last quarter. Institutional investors and hedge funds own 9.06% of the company’s stock.
Insider Activity at Prospect Capital
In other Prospect Capital news, CEO John F. Barry bought 1,067,648 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average cost of $2.27 per share, for a total transaction of $2,423,560.96. Following the completion of the purchase, the chief executive officer owned 89,213,725 shares of the company’s stock, valued at $202,515,155.75. This trade represents a 1.21% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Report on PSEC
Prospect Capital Stock Performance
NASDAQ:PSEC opened at $2.28 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $1.20 billion, a PE ratio of 45.60 and a beta of 0.79. The firm has a 50 day simple moving average of $2.25 and a 200-day simple moving average of $2.46. Prospect Capital Corporation has a 1-year low of $2.11 and a 1-year high of $3.13.
Prospect Capital (NASDAQ:PSEC – Get Free Report) last released its earnings results on Thursday, August 20th. The financial services provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The firm had revenue of $155.76 million during the quarter, compared to analysts’ expectations of $149.80 million. Prospect Capital had a net margin of 19.33% and a return on equity of 12.15%.
Prospect Capital Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Wednesday, October 28th will be issued a dividend of $0.035 per share. The ex-dividend date is Wednesday, October 28th. This represents a c) annualized dividend and a dividend yield of 18.4%. Prospect Capital’s dividend payout ratio (DPR) is 840.00%.
About Prospect Capital
Prospect Capital Corporation is a publicly traded business development company listed on the Nasdaq stock exchange that specializes in providing private debt and equity financing solutions to middle-market companies across the United States. Structured as a closed-end, non-diversified management investment company under the Investment Company Act of 1940, Prospect Capital offers investors access to a diversified portfolio of senior secured loans, subordinated debt and selective equity interests in privately held businesses.
Since its founding in 2004, Prospect Capital has focused on tailoring financing structures to meet the growth, acquisition and recapitalization needs of its portfolio companies.
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Want to see what other hedge funds are holding PSEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prospect Capital Corporation (NASDAQ:PSEC – Free Report).
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