Trent Capital Management Inc. NC acquired a new stake in shares of Prospect Capital Corporation (NASDAQ:PSEC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,765 shares of the financial services provider’s stock, valued at approximately $185,000.

Other hedge funds have also added to or reduced their stakes in the company. Camelot Portfolios LLC increased its stake in shares of Prospect Capital Corporation by 2.0% in the second quarter. Camelot Portfolios LLC now owns 665,323 shares of the financial services provider’s stock worth $5,402,000 after buying an additional 12,801 shares during the period. Capital Investment Advisory Services LLC increased its stake in shares of Prospect Capital Corporation by 321.1% in the second quarter. Capital Investment Advisory Services LLC now owns 56,392 shares of the financial services provider’s stock worth $458,000 after buying an additional 43,000 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Prospect Capital Corporation by 109.6% in the second quarter. Stratos Wealth Partners LTD. now owns 47,841 shares of the financial services provider’s stock worth $388,000 after buying an additional 25,015 shares during the period. Nwam LLC increased its stake in shares of Prospect Capital Corporation by 19.1% in the second quarter. Nwam LLC now owns 16,825 shares of the financial services provider’s stock worth $137,000 after buying an additional 2,700 shares during the period. Finally, Eagle Global Advisors LLC increased its stake in shares of Prospect Capital Corporation by 3.3% in the second quarter. Eagle Global Advisors LLC now owns 78,628 shares of the financial services provider’s stock worth $638,000 after buying an additional 2,500 shares during the period. 16.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of Prospect Capital Corporation (PSEC) opened at 8.12 on Thursday. Prospect Capital Corporation has a one year low of $7.07 and a one year high of $9.58. The company’s 50-day moving average is $8.16 and its 200-day moving average is $8.67.

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

TRADEMARK VIOLATION WARNING: “22,765 Shares in Prospect Capital Corporation (NASDAQ:PSEC) Acquired by Trent Capital Management Inc. NC” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/08/10/22765-shares-in-prospect-capital-corporation-nasdaqpsec-acquired-by-trent-capital-management-inc-nc.html.

PSEC has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Prospect Capital Corporation from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Wednesday, April 12th. FBR & Co downgraded shares of Prospect Capital Corporation from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $9.50 to $8.50 in a report on Thursday, May 11th. National Securities reissued a “sell” rating and set a $7.00 price target on shares of Prospect Capital Corporation in a report on Monday, May 15th. BMO Capital Markets reissued a “hold” rating and set a $7.00 price target on shares of Prospect Capital Corporation in a report on Thursday, June 1st. Finally, BidaskClub raised shares of Prospect Capital Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.04.

In other Prospect Capital Corporation news, CFO Brian H. Oswald acquired 4,453 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were acquired at an average cost of $8.05 per share, for a total transaction of $35,846.65. Following the transaction, the chief financial officer now directly owns 490,000 shares of the company’s stock, valued at $3,944,500. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.60% of the stock is 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.

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

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