Prospect Capital Co. (NASDAQ:PSEC) Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its holdings in Prospect Capital Co. (NASDAQ:PSEC) by 49.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 707,827 shares of the financial services provider’s stock after purchasing an additional 233,948 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Prospect Capital were worth $3,051,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PSEC. Kovack Advisors Inc. grew its stake in Prospect Capital by 1.9% in the 4th quarter. Kovack Advisors Inc. now owns 145,095 shares of the financial services provider’s stock valued at $625,000 after acquiring an additional 2,732 shares during the period. Modern Wealth Management LLC raised its position in shares of Prospect Capital by 9.3% during the 4th quarter. Modern Wealth Management LLC now owns 32,566 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 2,774 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its holdings in Prospect Capital by 27.8% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 15,940 shares of the financial services provider’s stock worth $69,000 after buying an additional 3,467 shares during the last quarter. Tcfg Wealth Management LLC increased its stake in Prospect Capital by 1.7% during the 4th quarter. Tcfg Wealth Management LLC now owns 269,580 shares of the financial services provider’s stock worth $1,162,000 after buying an additional 4,396 shares in the last quarter. Finally, WMG Financial Advisors LLC lifted its position in shares of Prospect Capital by 22.3% in the fourth quarter. WMG Financial Advisors LLC now owns 27,950 shares of the financial services provider’s stock valued at $120,000 after acquiring an additional 5,100 shares in the last quarter. 9.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Prospect Capital news, CEO John F. Barry acquired 240,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $4.20 per share, for a total transaction of $1,008,000.00. Following the completion of the transaction, the chief executive officer now owns 81,981,933 shares of the company’s stock, valued at approximately $344,324,118.60. The trade was a 0.29 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William Gremp purchased 19,100 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was acquired at an average cost of $4.29 per share, for a total transaction of $81,939.00. Following the purchase, the director now owns 75,153 shares in the company, valued at approximately $322,406.37. The trade was a 34.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 2,548,000 shares of company stock valued at $10,970,715. Insiders own 28.25% of the company’s stock.

Prospect Capital Stock Up 2.3 %

Shares of NASDAQ PSEC opened at $3.56 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average of $4.10 and a 200 day moving average of $4.43. Prospect Capital Co. has a 12-month low of $3.39 and a 12-month high of $5.72. The stock has a market cap of $1.59 billion, a PE ratio of -17.80 and a beta of 0.85.

Prospect Capital Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised Prospect Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 12th.

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.