Prospect Capital Co. (NASDAQ:PSEC) Shares Sold by XML Financial LLC

XML Financial LLC decreased its stake in shares of Prospect Capital Co. (NASDAQ:PSEC) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,326,672 shares of the financial services provider’s stock after selling 57,723 shares during the quarter. XML Financial LLC owned about 0.32% of Prospect Capital worth $7,947,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PSEC. Private Trust Co. NA increased its stake in Prospect Capital by 54.3% during the 4th quarter. Private Trust Co. NA now owns 7,736 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 2,722 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Prospect Capital by 62.7% in the 4th quarter. Signaturefd LLC now owns 9,719 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 3,746 shares during the last quarter. WealthPlan Investment Management LLC purchased a new stake in shares of Prospect Capital in the 3rd quarter valued at $62,000. Cape Investment Advisory Inc. boosted its holdings in shares of Prospect Capital by 2,279.1% in the 4th quarter. Cape Investment Advisory Inc. now owns 13,299 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 12,740 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Prospect Capital by 1,149.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,459 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 12,382 shares during the last quarter. Institutional investors and hedge funds own 9.06% of the company’s stock.

Prospect Capital Stock Performance

NASDAQ PSEC traded up $0.03 during mid-day trading on Friday, reaching $5.59. 1,252,952 shares of the stock were exchanged, compared to its average volume of 1,454,069. The business’s 50 day moving average is $5.47 and its 200-day moving average is $5.68. Prospect Capital Co. has a 1 year low of $5.03 and a 1 year high of $6.69. The company has a market capitalization of $2.34 billion, a P/E ratio of 16.44 and a beta of 1.01. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.72 and a current ratio of 0.72.

Prospect Capital (NASDAQ:PSEC) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Prospect Capital had a net margin of 25.13% and a return on equity of 13.32%. The firm had revenue of $202.22 million for the quarter, compared to the consensus estimate of $214.70 million.

Prospect Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, September 19th. Investors of record on Wednesday, August 28th will be issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a yield of 12.88%. The ex-dividend date of this dividend is Wednesday, August 28th. Prospect Capital’s dividend payout ratio (DPR) is presently 211.76%.

Analyst Ratings Changes

Several research firms have recently commented on PSEC. Wells Fargo & Company dropped their price objective on shares of Prospect Capital from $5.50 to $5.00 and set an “underweight” rating on the stock in a report on Thursday, May 16th. StockNews.com downgraded shares of Prospect Capital from a “hold” rating to a “sell” rating in a report on Friday, May 31st.

Insider Buying and Selling

In related news, CFO Dask Kristin Lea Van acquired 5,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were acquired at an average cost of $5.44 per share, with a total value of $27,200.00. Following the completion of the acquisition, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $54,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 26.69% of the stock is currently owned by insiders.

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.