William Gremp Purchases 19,100 Shares of Prospect Capital Co. (NASDAQ:PSEC) Stock

Prospect Capital Co. (NASDAQ:PSEC) Director William Gremp acquired 19,100 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were bought at an average cost of $4.29 per share, with a total value of $81,939.00. Following the completion of the purchase, the director now owns 75,153 shares of the company’s stock, valued at $322,406.37. This trade represents a 34.07 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

William Gremp also recently made the following trade(s):

• On Friday, March 14th, William Gremp bought 900 shares of Prospect Capital stock. The shares were bought at an average price of $4.24 per share, for a total transaction of $3,816.00.

Prospect Capital Stock Performance

Shares of NASDAQ PSEC opened at $4.26 on Friday. Prospect Capital Co. has a twelve month low of $4.09 and a twelve month high of $5.72. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -21.30 and a beta of 0.94. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average is $4.32 and its 200-day moving average is $4.68.

Prospect Capital Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, February 27th were paid a $0.045 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a yield of 12.47%. Prospect Capital’s payout ratio is -270.00%.

Institutional Investors Weigh In On Prospect Capital

A number of hedge funds have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. acquired a new position in shares of Prospect Capital in the 4th quarter valued at approximately $44,000. Centurion Wealth Management LLC acquired a new position in shares of Prospect Capital in the fourth quarter valued at approximately $46,000. MWA Asset Management bought a new stake in shares of Prospect Capital during the third quarter worth $53,000. Envision Financial Planning LLC acquired a new stake in shares of Prospect Capital during the fourth quarter worth $56,000. Finally, PFG Advisors acquired a new position in Prospect Capital in the 4th quarter worth $57,000. Institutional investors and hedge funds own 9.06% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Prospect Capital from a “sell” rating to a “hold” rating in a research report on Friday, December 6th.

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.