December 1, 2016 - By Dolores Ford · 0 Comments
Prospect Capital Corp (NASDAQ:PSEC) institutional sentiment increased to 1.35 in 2016 Q2. Its up 0.36, from 0.99 in 2016Q1. The ratio is better, as 77 investment professionals increased and opened new positions, while 78 sold and decreased their holdings in Prospect Capital Corp. The investment professionals in our partner’s database now have: 36.56 million shares, down from 38.92 million shares in 2016Q1. Also, the number of investment professionals holding Prospect Capital Corp in their top 10 positions was flat from 5 to 5 for the same number . Sold All: 29 Reduced: 49 Increased: 62 New Position: 15.
Prospect Capital Corporation is a financial services company. The company has a market cap of $2.86 billion. The Firm primarily lends to and invests in middle market privately held companies. It has a 18.11 P/E ratio. The Firm is a closed-end investment company.
About 1.17 million shares traded hands. Prospect Capital Corporation (NASDAQ:PSEC) has risen 8.34% since April 28, 2016 and is uptrending. It has outperformed by 2.42% the S&P500.
Analysts await Prospect Capital Corporation (NASDAQ:PSEC) to report earnings on February, 14. They expect $0.24 earnings per share, down 14.29% or $0.04 from last year’s $0.28 per share. PSEC’s profit will be $86.34 million for 8.28 P/E if the $0.24 EPS becomes a reality. After $0.22 actual earnings per share reported by Prospect Capital Corporation for the previous quarter, Wall Street now forecasts 9.09% EPS growth.
According to Zacks Investment Research, “Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments.”
Muzinich & Co. Inc. holds 8.21% of its portfolio in Prospect Capital Corporation for 2.29 million shares. Messner & Smith Theme Value Investment Management Ltd Ca owns 255,884 shares or 3.69% of their US portfolio. Moreover, Beck Capital Management Llc has 2.49% invested in the company for 500,249 shares. The Ohio-based Camelot Portfolios Llc has invested 2.47% in the stock. Barnett & Company Inc., a Tennessee-based fund reported 504,176 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 4 buys, and 0 selling transactions for $63,700 net activity.
Ratings analysis reveals 25% of Prospect Capital Corporation’s analysts are positive. Out of 8 Wall Street analysts rating Prospect Capital Corporation, 2 give it “Buy”, 3 “Sell” rating, while 3 recommend “Hold”. The lowest target is $7 while the high is $10.50. The stock’s average target of $9.13 is 14.84% above today’s ($7.95) share price. PSEC was included in 10 notes of analysts from August 27, 2015. The rating was maintained by FBR Capital on Wednesday, August 31 with “Outperform”. The stock of Prospect Capital Corporation (NASDAQ:PSEC) has “Hold” rating given on Thursday, April 28 by Deutsche Bank. National Securities downgraded the stock to “Sell” rating in Wednesday, July 20 report. National Securities initiated the shares of PSEC in a report on Friday, January 29 with “Neutral” rating. The firm has “Underperform” rating by Wells Fargo given on Monday, January 11. The rating was downgraded by Raymond James on Thursday, February 11 to “Underperform”. RBC Capital Markets maintained Prospect Capital Corporation (NASDAQ:PSEC) on Thursday, February 11 with “Sector Perform” rating.
Prospect Capital Corporation, incorporated on April 13, 2004, is a financial services company. The Firm primarily lends to and invests in middle market privately held companies. The Firm is a closed-end investment company. The Company’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The Firm invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. The Firm works with the management teams or financial sponsors to seek investments with historical cash flows, asset collateral or contracted pro-forma cash flows. The Firm makes investments, including lending in private equity sponsored transactions, lending directly to companies not owned by private equity firms, control investments in corporate operating companies, control investments in financial companies, investments in structured credit, real estate investments, investments in syndicated debt, aircraft leasing and online lending. The Firm is managed by its investment advisor, Prospect Capital Management L.P.
More important recent Prospect Capital Corporation (NASDAQ:PSEC) news were published by: Seekingalpha.com which released: “Prospect Capital: Time To Sell?” on November 28, 2016, also Seekingalpha.com published article titled: “Prospect Capital: Red Flags”, Seekingalpha.com published: “Prospect Capital: Is It Panic Time? Not Really” on November 22, 2016. More interesting news about Prospect Capital Corporation (NASDAQ:PSEC) was released by: Seekingalpha.com and their article: “Prospect Capital: Panic And Hysteria” with publication date: November 14, 2016.
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By Dolores Ford