Apriem Advisors purchased a new stake in shares of Prospect Capital Corporation (NASDAQ:PSEC) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 30,000 shares of the financial services provider’s stock, valued at approximately $244,000.

Other institutional investors have also made changes to their positions in the company. Fox Run Management L.L.C. acquired a new position in shares of Prospect Capital Corporation during the first quarter valued at about $361,000. DnB Asset Management AS boosted its position in shares of Prospect Capital Corporation by 38.9% in the first quarter. DnB Asset Management AS now owns 186,100 shares of the financial services provider’s stock valued at $1,682,000 after buying an additional 52,100 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Prospect Capital Corporation by 6.9% in the first quarter. Janney Montgomery Scott LLC now owns 28,357 shares of the financial services provider’s stock valued at $256,000 after buying an additional 1,829 shares during the period. Paragon Capital Management Ltd acquired a new position in shares of Prospect Capital Corporation during the first quarter valued at about $168,000. Finally, First Midwest Bank Trust Division boosted its position in shares of Prospect Capital Corporation by 1.5% in the first quarter. First Midwest Bank Trust Division now owns 40,657 shares of the financial services provider’s stock valued at $368,000 after buying an additional 610 shares during the period. Hedge funds and other institutional investors own 16.45% of the company’s stock.

Shares of Prospect Capital Corporation (PSEC) traded down 0.070% during trading on Monday, reaching $7.145. 1,114,824 shares of the company’s stock traded hands. The company’s 50-day moving average is $8.07 and its 200 day moving average is $8.62. Prospect Capital Corporation has a 52-week low of $7.07 and a 52-week high of $9.58.

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PSEC has been the subject of several recent research reports. Zacks Investment Research cut shares of Prospect Capital Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. FBR & Co cut shares of Prospect Capital Corporation from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $9.50 to $8.50 in a research report on Thursday, May 11th. National Securities restated a “sell” rating and issued a $7.00 price target on shares of Prospect Capital Corporation in a research report on Monday, May 15th. BMO Capital Markets restated a “hold” rating and issued a $7.00 price target on shares of Prospect Capital Corporation in a research report on Thursday, June 1st. Finally, BidaskClub upgraded shares of Prospect Capital Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.04.

Prospect Capital Corporation Company Profile

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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