CIBC World Markets Inc. reduced its holdings in Prospect Capital Co. (NASDAQ:PSEC) by 24.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,063 shares of the financial services provider’s stock after selling 26,480 shares during the period. CIBC World Markets Inc.’s holdings in Prospect Capital were worth $616,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. American Financial Network Advisory Services LLC purchased a new position in Prospect Capital during the third quarter worth approximately $101,000. Rhumbline Advisers purchased a new position in Prospect Capital during the third quarter worth approximately $103,000. Stephens Inc. AR purchased a new position in Prospect Capital during the second quarter worth approximately $150,000. Destination Wealth Management purchased a new position in Prospect Capital during the third quarter worth approximately $195,000. Finally, Regal Investment Advisors LLC lifted its position in Prospect Capital by 32.5% during the third quarter. Regal Investment Advisors LLC now owns 32,958 shares of the financial services provider’s stock worth $242,000 after buying an additional 8,091 shares in the last quarter. 14.19% of the stock is currently owned by institutional investors.

NASDAQ:PSEC opened at $6.72 on Friday. Prospect Capital Co. has a 52 week low of $5.95 and a 52 week high of $7.60. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 8.51 and a beta of 0.61.

Prospect Capital (NASDAQ:PSEC) last posted its earnings results on Tuesday, November 6th. The financial services provider reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. Prospect Capital had a return on equity of 9.11% and a net margin of 54.69%. The company had revenue of $159.40 million for the quarter, compared to the consensus estimate of $166.71 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, research analysts predict that Prospect Capital Co. will post 0.95 EPS for the current fiscal year.

The firm also recently announced a nov 19 dividend, which will be paid on Thursday, December 20th. Shareholders of record on Friday, November 30th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 29th. Prospect Capital’s dividend payout ratio is currently 91.14%.

A number of equities analysts recently commented on PSEC shares. BidaskClub upgraded Prospect Capital from a “hold” rating to a “buy” rating in a research report on Saturday, August 25th. Zacks Investment Research upgraded Prospect Capital from a “hold” rating to a “strong-buy” rating and set a $8.00 price objective on the stock in a research report on Thursday, November 15th. ValuEngine upgraded Prospect Capital from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. TheStreet upgraded Prospect Capital from a “c+” rating to a “b” rating in a research report on Tuesday, September 11th. Finally, National Securities reiterated a “sell” rating and set a $4.00 price objective on shares of Prospect Capital in a research report on Friday, August 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. Prospect Capital has an average rating of “Hold” and an average target price of $6.33.

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About Prospect Capital

Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions.

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

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