Encourage Advisors LLC decreased its place in Prospect Capital Co. (NASDAQ:PSEC – Free Report) by 32.4% through the third quarter, in accordance with its most up-to-date disclosure with the SEC. The fund owned 15,130 shares of the monetary providers supplier’s inventory after promoting 7,241 shares through the interval. Encourage Advisors LLC’s holdings in Prospect Capital had been price $81,000 on the finish of the latest reporting interval.
Plenty of different hedge funds have additionally made adjustments to their positions within the firm. Rothschild Funding LLC bought a brand new stake in Prospect Capital within the 2nd quarter valued at roughly $27,000. Headlands Applied sciences LLC elevated its place in Prospect Capital by 2,266.9% through the 1st quarter. Headlands Applied sciences LLC now owns 7,574 shares of the monetary providers supplier’s inventory price $42,000 after buying an extra 7,254 shares within the final quarter. Edge Monetary Advisors LLC acquired a brand new place in Prospect Capital within the 1st quarter valued at about $55,000. Cutter & CO Brokerage Inc. acquired a brand new stake in shares of Prospect Capital through the 1st quarter price about $65,000. Lastly, Empowered Funds LLC bought a brand new stake in shares of Prospect Capital through the first quarter price about $73,000. Hedge funds and different institutional traders personal 9.06% of the corporate’s inventory.
Analyst Scores Modifications
A number of equities analysts just lately issued stories on the inventory. Wells Fargo & Firm lowered their worth goal on shares of Prospect Capital from $5.00 to $4.50 and set an “underweight” ranking on the inventory in a analysis be aware on Friday, August thirtieth. StockNews.com downgraded Prospect Capital from a “maintain” ranking to a “promote” ranking in a analysis report on Friday, August thirtieth.
Examine Out Our Newest Inventory Evaluation on PSEC
Prospect Capital Inventory Up 0.4 %
Shares of PSEC opened at $5.30 on Monday. The agency has a market cap of $2.29 billion, a PE ratio of 15.14 and a beta of 1.00. The corporate has a fast ratio of 0.93, a present ratio of 0.93 and a debt-to-equity ratio of 0.66. The corporate’s fifty day transferring common is $5.21 and its two-hundred day transferring common is $5.38. Prospect Capital Co. has a fifty-two week low of $4.69 and a fifty-two week excessive of $6.30.
Prospect Capital (NASDAQ:PSEC – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, August twenty eighth. The monetary providers supplier reported $0.25 EPS for the quarter, topping the consensus estimate of $0.18 by $0.07. The corporate had income of $212.26 million through the quarter. Prospect Capital had a return on fairness of 13.53% and a internet margin of 28.07%. Throughout the identical quarter within the prior 12 months, the corporate earned $0.23 earnings per share.
Prospect Capital Pronounces Dividend
The agency additionally just lately declared a month-to-month dividend, which shall be paid on Tuesday, November nineteenth. Shareholders of report on Tuesday, October twenty ninth shall be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, October twenty ninth. This represents a $0.72 dividend on an annualized foundation and a yield of 13.58%. Prospect Capital’s dividend payout ratio (DPR) is 205.71%.
About Prospect Capital
Prospect Capital Company is a enterprise improvement firm. It focuses on center market, mature, mezzanine finance, later stage, rising progress, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, progress capital, improvement, capital expenditures and subordinated debt tranches of collateralized mortgage obligations, money movement time period loans, market place lending and bridge transactions.
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