Eqis Capital Management Inc. raised its holdings in shares of Prospect Capital Corporation (NASDAQ:PSEC) by 9.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,825 shares of the financial services provider’s stock after purchasing an additional 10,777 shares during the quarter. Eqis Capital Management Inc.’s holdings in Prospect Capital Corporation were worth $805,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PSEC. Karp Capital Management Corp bought a new stake in Prospect Capital Corporation during the 1st quarter valued at $506,000. California Public Employees Retirement System boosted its holdings in Prospect Capital Corporation by 1,613.1% during the 1st quarter. California Public Employees Retirement System now owns 746,900 shares of the financial services provider’s stock worth $6,752,000 after acquiring an additional 703,300 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Prospect Capital Corporation by 11.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 144,898 shares of the financial services provider’s stock worth $1,311,000 after acquiring an additional 15,080 shares during the last quarter. Legal & General Group Plc boosted its holdings in Prospect Capital Corporation by 3.9% during the 1st quarter. Legal & General Group Plc now owns 850,819 shares of the financial services provider’s stock worth $7,696,000 after acquiring an additional 32,083 shares during the last quarter. Finally, Global X Management Co. LLC boosted its holdings in Prospect Capital Corporation by 50.9% during the 1st quarter. Global X Management Co. LLC now owns 15,479 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 5,223 shares during the last quarter. Institutional investors and hedge funds own 15.20% of the company’s stock.

A number of equities analysts have issued reports on PSEC shares. National Securities cut their price objective on shares of Prospect Capital Corporation from $6.00 to $5.00 and set a “sell” rating on the stock in a report on Thursday, October 12th. Raymond James Financial, Inc. raised shares of Prospect Capital Corporation from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 30th. UBS AG raised shares of Prospect Capital Corporation from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 30th. BidaskClub raised shares of Prospect Capital Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Finally, Zacks Investment Research downgraded shares of Prospect Capital Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Prospect Capital Corporation presently has an average rating of “Hold” and a consensus price target of $6.83.

In related news, CFO Brian H. Oswald purchased 50,000 shares of Prospect Capital Corporation stock in a transaction dated Friday, September 1st. The stock was purchased at an average cost of $6.73 per share, for a total transaction of $336,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 493,373 shares of the company’s stock, valued at $3,320,400.29. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 7.10% of the stock is owned by company insiders.

Prospect Capital Corporation (NASDAQ:PSEC) traded up 0.32% during trading on Friday, reaching $6.36. 2,465,791 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $6.64 and a 200-day moving average of $7.87. Prospect Capital Corporation has a 12 month low of $6.20 and a 12 month high of $9.58.

Prospect Capital Corporation (NASDAQ:PSEC) last issued its quarterly earnings results on Monday, August 28th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). Prospect Capital Corporation had a net margin of 36.08% and a return on equity of 8.98%. The company had revenue of $166.70 million for the quarter, compared to the consensus estimate of $177.21 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. Prospect Capital Corporation’s revenue was down 13.6% compared to the same quarter last year. Equities analysts anticipate that Prospect Capital Corporation will post $0.78 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, October 30th. This represents a $0.72 annualized dividend and a dividend yield of 11.32%. Prospect Capital Corporation’s payout ratio is presently 102.86%.

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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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