Capital Investment Advisors LLC trimmed its position in shares of Prospect Capital Co. (NASDAQ:PSEC) by 37.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 11,408 shares of the financial services provider’s stock after selling 6,910 shares during the quarter. Capital Investment Advisors LLC’s holdings in Prospect Capital were worth $74,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of PSEC. NumerixS Investment Technologies Inc acquired a new position in shares of Prospect Capital during the fourth quarter worth approximately $27,000. Reilly Financial Advisors LLC lifted its position in shares of Prospect Capital by 342.9% during the fourth quarter. Reilly Financial Advisors LLC now owns 7,750 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 6,000 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in shares of Prospect Capital during the fourth quarter worth approximately $72,000. AE Wealth Management LLC lifted its position in shares of Prospect Capital by 20.6% during the fourth quarter. AE Wealth Management LLC now owns 12,812 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 2,189 shares in the last quarter. Finally, Putnam FL Investment Management Co. acquired a new position in shares of Prospect Capital during the fourth quarter worth approximately $84,000. 12.97% of the stock is currently owned by hedge funds and other institutional investors.

In other Prospect Capital news, insider John F. Barry acquired 100,000 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The shares were acquired at an average cost of $6.39 per share, for a total transaction of $639,000.00. Following the completion of the acquisition, the insider now directly owns 38,335,551 shares of the company’s stock, valued at approximately $244,964,170.89. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 10.20% of the company’s stock.

A number of brokerages have recently issued reports on PSEC. BidaskClub lowered shares of Prospect Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. Zacks Investment Research lowered shares of Prospect Capital from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 15th. ValuEngine lowered shares of Prospect Capital from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Barclays lowered shares of Prospect Capital from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $7.00 to $6.00 in a research report on Tuesday, January 22nd. Finally, National Securities reiterated a “sell” rating and set a $4.00 target price on shares of Prospect Capital in a research report on Monday, February 11th. Five research analysts have rated the stock with a sell rating, Prospect Capital presently has an average rating of “Sell” and a consensus price target of $6.00.

Shares of NASDAQ PSEC opened at $6.61 on Tuesday. Prospect Capital Co. has a fifty-two week low of $5.70 and a fifty-two week high of $7.60. The company has a market capitalization of $2.43 billion, a P/E ratio of 8.37 and a beta of 0.68. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.77.

Prospect Capital (NASDAQ:PSEC) last announced its quarterly earnings data on Wednesday, February 6th. The financial services provider reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. Prospect Capital had a net margin of 25.89% and a return on equity of 9.37%. The business had revenue of $187.88 million for the quarter, compared to analyst estimates of $182.09 million. During the same period in the prior year, the business posted $0.20 earnings per share. Prospect Capital’s revenue was up 15.7% compared to the same quarter last year. Research analysts predict that Prospect Capital Co. will post 0.89 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, February 28th were issued a $0.06 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $0.72 annualized dividend and a yield of 10.89%. Prospect Capital’s dividend payout ratio is currently 91.14%.

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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.

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Want to see what other hedge funds are holding PSEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prospect Capital Co. (NASDAQ:PSEC).

Institutional Ownership by Quarter for Prospect Capital (NASDAQ:PSEC)

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