Prospect Capital Co. (NASDAQ:PSEC) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors grew its position in shares of Prospect Capital Co. (NASDAQ:PSEC) by 34.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 14,247 shares of the financial services provider’s stock after purchasing an additional 3,686 shares during the quarter. Captrust Financial Advisors’ holdings in Prospect Capital were worth $76,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of PSEC. BNP Paribas Financial Markets raised its position in shares of Prospect Capital by 99.4% during the third quarter. BNP Paribas Financial Markets now owns 136,249 shares of the financial services provider’s stock worth $729,000 after purchasing an additional 67,920 shares during the period. D.A. Davidson & CO. raised its position in shares of Prospect Capital by 2.6% during the third quarter. D.A. Davidson & CO. now owns 299,078 shares of the financial services provider’s stock worth $1,600,000 after purchasing an additional 7,641 shares during the period. Great Valley Advisor Group Inc. acquired a new stake in shares of Prospect Capital during the third quarter worth $105,000. SMH Capital Advisors Inc. raised its position in shares of Prospect Capital by 43.7% during the third quarter. SMH Capital Advisors Inc. now owns 145,605 shares of the financial services provider’s stock worth $779,000 after purchasing an additional 44,301 shares during the period. Finally, MWA Asset Management acquired a new stake in shares of Prospect Capital during the third quarter worth $53,000. 9.06% of the stock is currently owned by institutional investors and hedge funds.

Prospect Capital Stock Down 2.7 %

NASDAQ:PSEC opened at $4.38 on Tuesday. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of -16.85 and a beta of 0.97. Prospect Capital Co. has a 1-year low of $4.15 and a 1-year high of $6.30. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.65. The business’s fifty day moving average price is $4.85 and its 200 day moving average price is $5.19.

Prospect Capital (NASDAQ:PSEC) last issued its earnings results on Friday, November 8th. The financial services provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Prospect Capital had a positive return on equity of 12.19% and a negative net margin of 2.23%. The firm had revenue of $196.31 million for the quarter.

Prospect Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.54 annualized dividend and a dividend yield of 12.33%. Prospect Capital’s dividend payout ratio (DPR) is presently -207.69%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PSEC. StockNews.com raised Prospect Capital from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Wells Fargo & Company dropped their price target on Prospect Capital from $5.00 to $4.50 and set an “underweight” rating on the stock in a research report on Friday, August 30th.

Insider Transactions at Prospect Capital

In other Prospect Capital news, COO M Grier Eliasek bought 210,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was purchased at an average price of $4.81 per share, for a total transaction of $1,010,100.00. Following the purchase, the chief operating officer now directly owns 2,131,130 shares in the company, valued at $10,250,735.30. This trade represents a 10.93 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John F. Barry bought 837,273 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $4.47 per share, with a total value of $3,742,610.31. Following the purchase, the chief executive officer now owns 73,450,112 shares in the company, valued at $328,322,000.64. This trade represents a 1.15 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 3,273,173 shares of company stock worth $15,121,420. 27.10% of the stock is owned by corporate insiders.

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.