Capital Advisors Wealth Management LLC decreased its stake in shares of Prospect Capital Co. (NASDAQ:PSEC – Free Report) by 25.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 10,000 shares of the financial services provider’s stock after selling 3,500 shares during the period. Capital Advisors Wealth Management LLC’s holdings in Prospect Capital were worth $62,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in PSEC. Lindbrook Capital LLC lifted its position in Prospect Capital by 78.7% during the 1st quarter. Lindbrook Capital LLC now owns 4,783 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 2,106 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Prospect Capital by 56.7% in the 1st quarter. Global Retirement Partners LLC now owns 6,267 shares of the financial services provider’s stock valued at $39,000 after buying an additional 2,267 shares during the last quarter. Quent Capital LLC bought a new position in Prospect Capital in the 1st quarter worth approximately $41,000. Ameritas Advisory Services LLC bought a new position in Prospect Capital in the 1st quarter worth approximately $45,000. Finally, Divergent Wealth Advisors acquired a new position in shares of Prospect Capital during the fourth quarter worth approximately $49,000. 8.09% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Prospect Capital from a “sell” rating to a “hold” rating in a research report on Monday, August 28th.
In other Prospect Capital news, CEO John F. Barry purchased 16,520 shares of the business’s stock in a transaction on Monday, September 11th. The stock was purchased at an average price of $5.99 per share, for a total transaction of $98,954.80. Following the completion of the purchase, the chief executive officer now directly owns 72,752,728 shares in the company, valued at $435,788,840.72. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 27.44% of the stock is owned by company insiders.
Prospect Capital Trading Down 0.5 %
Shares of NASDAQ:PSEC opened at $6.22 on Tuesday. The business’s 50 day moving average is $6.26 and its 200-day moving average is $6.44. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.97 and a quick ratio of 0.97. Prospect Capital Co. has a 1-year low of $5.91 and a 1-year high of $7.83.
Prospect Capital Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 20th. Stockholders of record on Friday, October 27th will be paid a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.58%. The ex-dividend date of this dividend is Thursday, October 26th. Prospect Capital’s dividend payout ratio is -184.61%.
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.
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