Atria Wealth Solutions Inc. Acquires 38,923 Shares of Prospect Capital Co. (NASDAQ:PSEC)

Atria Wealth Solutions Inc. boosted its stake in Prospect Capital Co. (NASDAQ:PSEC) by 158.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,477 shares of the financial services provider’s stock after buying an additional 38,923 shares during the period. Atria Wealth Solutions Inc.’s holdings in Prospect Capital were worth $274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. D.A. Davidson & CO. lifted its holdings in Prospect Capital by 14.6% in the fourth quarter. D.A. Davidson & CO. now owns 342,831 shares of the financial services provider’s stock worth $1,478,000 after buying an additional 43,753 shares during the period. Tcfg Wealth Management LLC lifted its holdings in Prospect Capital by 1.7% in the fourth 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 during the period. Empowered Funds LLC lifted its holdings in Prospect Capital by 144.1% in the fourth quarter. Empowered Funds LLC now owns 36,835 shares of the financial services provider’s stock worth $159,000 after buying an additional 21,747 shares during the period. Strategic Financial Concepts LLC lifted its holdings in Prospect Capital by 131.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 49,134 shares of the financial services provider’s stock worth $212,000 after buying an additional 27,935 shares during the period. Finally, Choreo LLC purchased a new stake in Prospect Capital in the fourth quarter worth about $1,086,000. 9.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Prospect Capital news, CEO John F. Barry bought 2,000,000 shares of the stock in a transaction dated Tuesday, December 24th. The stock was purchased at an average cost of $4.29 per share, for a total transaction of $8,580,000.00. Following the completion of the acquisition, the chief executive officer now owns 79,477,549 shares of the company’s stock, valued at approximately $340,958,685.21. This trade represents a 2.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 27.10% of the company’s stock.

Analyst Upgrades and Downgrades

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

Prospect Capital Price Performance

PSEC stock opened at $4.40 on Friday. The firm has a 50 day moving average price of $4.32 and a 200-day moving average price of $4.75. Prospect Capital Co. has a 52-week low of $4.09 and a 52-week high of $5.72. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of -22.00 and a beta of 0.99. 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 firm also recently announced a dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, February 27th will be issued a dividend of $0.045 per share. The ex-dividend date is Wednesday, February 26th. This represents a dividend yield of 12.47%. Prospect Capital’s payout ratio is -270.00%.

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.