16,509 Shares in Prospect Capital Co. (NASDAQ:PSEC) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new stake in Prospect Capital Co. (NASDAQ:PSEC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,509 shares of the financial services provider’s stock, valued at approximately $88,000.

Several other institutional investors also recently made changes to their positions in PSEC. Paloma Partners Management Co purchased a new position in shares of Prospect Capital in the 3rd quarter valued at about $578,000. Captrust Financial Advisors increased its holdings in Prospect Capital by 34.9% in the third quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider’s stock valued at $76,000 after buying an additional 3,686 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Prospect Capital by 99.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 136,249 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 67,920 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Prospect Capital by 2.6% during the 3rd quarter. D.A. Davidson & CO. now owns 299,078 shares of the financial services provider’s stock worth $1,600,000 after acquiring an additional 7,641 shares in the last quarter. Finally, Great Valley Advisor Group Inc. acquired a new stake in shares of Prospect Capital in the 3rd quarter worth approximately $105,000. 9.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PSEC. Wells Fargo & Company reduced their price objective on Prospect Capital from $5.00 to $4.50 and set an “underweight” rating for the company in a report on Friday, August 30th. StockNews.com upgraded shares of Prospect Capital from a “sell” rating to a “hold” rating in a report on Friday, December 6th.

Insider Activity at Prospect Capital

In other Prospect Capital news, CEO John F. Barry purchased 837,273 shares of Prospect Capital stock in a transaction on Monday, November 18th. The shares were bought 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 directly owns 73,450,112 shares in the company, valued at $328,322,000.64. This trade represents a 1.15 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO M Grier Eliasek acquired 210,000 shares of the stock in a transaction dated Friday, November 29th. The stock was acquired at an average cost of $4.81 per share, with a total value of $1,010,100.00. Following the transaction, the chief operating officer now owns 2,131,130 shares of the company’s stock, valued at approximately $10,250,735.30. This trade represents a 10.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 3,273,173 shares of company stock valued at $15,121,420. Company insiders own 27.10% of the company’s stock.

Prospect Capital Trading Down 1.2 %

Shares of Prospect Capital stock opened at $4.19 on Friday. The business has a 50 day moving average price of $4.78 and a 200 day moving average price of $5.15. The company has a market capitalization of $1.83 billion, a P/E ratio of -16.12 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.48 and a quick ratio of 0.48. Prospect Capital Co. has a 1 year low of $4.12 and a 1 year high of $6.30.

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

Prospect Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be given a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 12.89%. The ex-dividend date is Wednesday, January 29th. Prospect Capital’s dividend payout ratio is presently -207.69%.

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.