70,504 Shares in Prospect Capital Co. (NASDAQ:PSEC) Acquired by Cerity Partners LLC

Cerity Partners LLC purchased a new stake in shares of Prospect Capital Co. (NASDAQ:PSEC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 70,504 shares of the financial services provider’s stock, valued at approximately $304,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PSEC. Envestnet Asset Management Inc. grew its stake in Prospect Capital by 4,160.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 946,648 shares of the financial services provider’s stock valued at $4,080,000 after buying an additional 924,428 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in shares of Prospect Capital during the fourth quarter worth approximately $792,000. Thomas J. Herzfeld Advisors Inc. acquired a new stake in Prospect Capital during the 4th quarter worth approximately $7,880,000. Trexquant Investment LP acquired a new position in Prospect Capital in the 4th quarter valued at $1,429,000. Finally, DnB Asset Management AS boosted its position in shares of Prospect Capital by 3.1% in the fourth quarter. DnB Asset Management AS now owns 383,942 shares of the financial services provider’s stock valued at $1,655,000 after acquiring an additional 11,648 shares during the period. 9.06% of the stock is currently owned by institutional investors and hedge funds.

Prospect Capital Stock Performance

NASDAQ:PSEC opened at $3.63 on Thursday. The company has a market cap of $1.62 billion, a price-to-earnings ratio of -18.15 and a beta of 0.85. Prospect Capital Co. has a fifty-two week low of $3.39 and a fifty-two week high of $5.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a fifty day moving average price of $4.06 and a 200-day moving average price of $4.41.

Prospect Capital Dividend Announcement

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

Analysts Set New Price Targets

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

Insider Activity

In other news, CEO John F. Barry acquired 240,000 shares of the stock in a transaction on Thursday, March 13th. The stock was acquired 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 directly owns 81,981,933 shares in the company, valued at approximately $344,324,118.60. This trade represents a 0.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William Gremp bought 19,100 shares of Prospect Capital stock in a transaction on 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 acquisition, the director now owns 75,153 shares in the company, valued at approximately $322,406.37. This represents a 34.07 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 2,548,000 shares of company stock worth $10,970,715. 28.25% of the stock is currently owned by corporate insiders.

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.