Corient Private Wealth LLC Sells 16,061 Shares of Prospect Capital Co. (NASDAQ:PSEC)

Corient Private Wealth LLC lowered its holdings in Prospect Capital Co. (NASDAQ:PSEC) by 61.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,135 shares of the financial services provider’s stock after selling 16,061 shares during the period. Corient Private Wealth LLC’s holdings in Prospect Capital were worth $44,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. PFG Advisors acquired a new position in shares of Prospect Capital during the 4th quarter worth $57,000. Captrust Financial Advisors grew its position 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 acquiring an additional 3,686 shares during the last quarter. Independent Advisor Alliance acquired a new position in Prospect Capital during the fourth quarter worth about $62,000. Cutter & CO Brokerage Inc. lifted its holdings in shares of Prospect Capital by 27.8% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 15,940 shares of the financial services provider’s stock worth $69,000 after acquiring an additional 3,467 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Prospect Capital in the 3rd quarter valued at approximately $88,000. 9.06% of the stock is owned by institutional investors.

Prospect Capital Stock Down 0.5 %

Shares of NASDAQ:PSEC opened at $4.04 on Thursday. The firm has a market cap of $1.80 billion, a P/E ratio of -20.20 and a beta of 0.94. Prospect Capital Co. has a 52-week low of $4.00 and a 52-week high of $5.72. The business’s 50 day simple moving average is $4.29 and its two-hundred day simple moving average is $4.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.76 and a current ratio of 0.76.

Prospect Capital Dividend Announcement

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

Insider Buying and Selling

In related news, Director William Gremp bought 19,100 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were purchased at an average price of $4.29 per share, for a total transaction of $81,939.00. Following the completion of the transaction, the director now directly owns 75,153 shares in the company, valued at approximately $322,406.37. The trade was a 34.07 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John F. Barry purchased 24,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were bought at an average price of $4.24 per share, for a total transaction of $101,760.00. Following the completion of the transaction, the chief executive officer now owns 82,594,540 shares of the company’s stock, valued at approximately $350,200,849.60. This trade represents a 0.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 2,548,000 shares of company stock worth $10,970,715. 28.25% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Prospect Capital from a “sell” rating to a “hold” rating in a research note 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.