Teamwork Financial Advisors LLC Sells 28,031 Shares of Prospect Capital Co. (NASDAQ:PSEC)

Teamwork Financial Advisors LLC lowered its stake in shares of Prospect Capital Co. (NASDAQ:PSEC) by 44.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 35,484 shares of the financial services provider’s stock after selling 28,031 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Prospect Capital were worth $154,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Merit Financial Group LLC acquired a new stake in shares of Prospect Capital in the 4th quarter valued at approximately $79,000. Family Wealth Partners LLC raised its holdings in Prospect Capital by 52.8% in the fourth quarter. Family Wealth Partners LLC now owns 21,215 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 7,327 shares during the period. Ridgeline Wealth LLC bought a new position in shares of Prospect Capital during the fourth quarter worth $407,000. Legacy Wealth Management LLC MS acquired a new position in shares of Prospect Capital in the 3rd quarter valued at $451,000. Finally, Virtu Financial LLC increased its position in shares of Prospect Capital by 175.2% in the 3rd quarter. Virtu Financial LLC now owns 162,844 shares of the financial services provider’s stock valued at $871,000 after buying an additional 103,679 shares in the last quarter. 9.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Prospect Capital

In other Prospect Capital news, CEO John F. Barry purchased 205,900 shares of the business’s stock in a transaction on Friday, November 15th. The shares were purchased at an average cost of $4.40 per share, with a total value of $905,960.00. Following the transaction, the chief executive officer now directly owns 72,612,839 shares of the company’s stock, valued at $319,496,491.60. This represents a 0.28 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO M Grier Eliasek acquired 210,000 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was bought at an average price of $4.81 per share, with a total value of $1,010,100.00. Following the acquisition, the chief operating officer now directly owns 2,131,130 shares in the company, valued at $10,250,735.30. This represents a 10.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 5,273,173 shares of company stock valued at $23,701,420 over the last three months. Company insiders own 27.10% of the company’s stock.

Prospect Capital Price Performance

NASDAQ PSEC opened at $4.37 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.48 and a current ratio of 0.48. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -16.81 and a beta of 0.99. The business has a 50 day simple moving average of $4.42 and a 200 day simple moving average of $4.94. Prospect Capital Co. has a 52-week low of $4.09 and a 52-week high of $6.25.

Prospect Capital (NASDAQ:PSEC) last issued its quarterly earnings data on Friday, November 8th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The company had revenue of $196.31 million during the quarter. Prospect Capital had a negative net margin of 2.23% and a positive return on equity of 12.19%.

Prospect Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th will be issued a $0.045 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 12.36%. Prospect Capital’s dividend payout ratio (DPR) is -207.69%.

Analyst Ratings Changes

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

Prospect Capital 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.