KCG Holdings Inc. cut its position in Prospect Capital Corporation (NASDAQ:PSEC) by 56.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,812 shares of the financial services provider’s stock after selling 78,326 shares during the period. KCG Holdings Inc.’s holdings in Prospect Capital Corporation were worth $550,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Muzinich & Co. Inc. increased its position in shares of Prospect Capital Corporation by 58.7% in the first quarter. Muzinich & Co. Inc. now owns 12,063,718 shares of the financial services provider’s stock valued at $109,056,000 after buying an additional 4,460,250 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Prospect Capital Corporation by 1,613.1% in the first quarter. California Public Employees Retirement System now owns 746,900 shares of the financial services provider’s stock valued at $6,752,000 after buying an additional 703,300 shares during the last quarter. LSV Asset Management increased its position in shares of Prospect Capital Corporation by 32.5% in the first quarter. LSV Asset Management now owns 1,775,956 shares of the financial services provider’s stock valued at $16,054,000 after buying an additional 436,101 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Prospect Capital Corporation by 28.1% in the first quarter. Van ECK Associates Corp now owns 1,897,023 shares of the financial services provider’s stock valued at $17,149,000 after buying an additional 415,831 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Prospect Capital Corporation by 6.0% in the first quarter. Bank of Montreal Can now owns 5,635,500 shares of the financial services provider’s stock valued at $50,946,000 after buying an additional 319,500 shares during the last quarter. Institutional investors and hedge funds own 16.31% of the company’s stock.

Shares of Prospect Capital Corporation (NASDAQ:PSEC) traded up 0.37% on Friday, reaching $8.13. The company’s stock had a trading volume of 1,166,172 shares. Prospect Capital Corporation has a 12-month low of $7.07 and a 12-month high of $9.58. The firm has a 50 day moving average price of $8.14 and a 200-day moving average price of $8.69.

Prospect Capital Corporation (NASDAQ:PSEC) last issued its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The business had revenue of $171 million during the quarter, compared to analyst estimates of $185.36 million. Prospect Capital Corporation had a net margin of 40.82% and a return on equity of 9.56%. The company’s revenue was down 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. On average, equities analysts expect that Prospect Capital Corporation will post $0.87 earnings per share for the current year.

The firm also recently declared a monthly dividend, which was paid on Thursday, July 20th. Shareholders of record on Friday, June 30th were issued a $0.0833 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $1.00 annualized dividend and a yield of 12.30%. Prospect Capital Corporation’s dividend payout ratio (DPR) is presently 120.48%.

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Several equities analysts have recently weighed in on PSEC shares. Zacks Investment Research upgraded Prospect Capital Corporation from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Wednesday, April 12th. BMO Capital Markets restated a “hold” rating and set a $7.00 price target on shares of Prospect Capital Corporation in a report on Thursday, June 1st. BidaskClub raised Prospect Capital Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. FBR & Co cut Prospect Capital Corporation from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $9.50 to $8.50 in a research report on Thursday, May 11th. Finally, National Securities reaffirmed a “sell” rating and set a $7.00 price objective on shares of Prospect Capital Corporation in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $8.04.

In other news, CFO Brian H. Oswald acquired 10,547 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was acquired at an average cost of $8.07 per share, for a total transaction of $85,114.29. Following the acquisition, the chief financial officer now directly owns 480,000 shares in the company, valued at approximately $3,873,600. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian H. Oswald acquired 4,453 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were purchased at an average price of $8.05 per share, with a total value of $35,846.65. Following the completion of the acquisition, the chief financial officer now owns 490,000 shares in the company, valued at $3,944,500. The disclosure for this purchase can be found here. Insiders acquired a total of 20,000 shares of company stock valued at $162,361 over the last quarter. 6.60% of the stock is currently owned by insiders.

About Prospect Capital Corporation

Prospect Capital Corporation is a financial services company. The Company primarily lends to and invests in middle market privately held companies. The Company is a closed-end investment company. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.

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

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