Apeiron RIA LLC Takes Position in Prospect Capital Co. (NASDAQ:PSEC)

Apeiron RIA LLC bought a new stake in shares of Prospect Capital Co. (NASDAQ:PSEC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 80,000 shares of the financial services provider’s stock, valued at approximately $79,000.

A number of other hedge funds have also recently bought and sold shares of the company. Headlands Technologies LLC boosted its holdings in Prospect Capital by 2,266.9% during the first quarter. Headlands Technologies LLC now owns 7,574 shares of the financial services provider’s stock worth $42,000 after buying an additional 7,254 shares in the last quarter. Edge Financial Advisors LLC purchased a new stake in shares of Prospect Capital during the first quarter valued at $55,000. Signaturefd LLC increased its stake in Prospect Capital by 62.7% in the 4th quarter. Signaturefd LLC now owns 9,719 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 3,746 shares in the last quarter. Cutter & CO Brokerage Inc. purchased a new position in Prospect Capital in the 1st quarter worth about $65,000. Finally, Empowered Funds LLC acquired a new stake in Prospect Capital during the 1st quarter worth about $73,000. 9.06% of the stock is owned by institutional investors and hedge funds.

Prospect Capital Stock Performance

PSEC stock remained flat at $4.84 during mid-day trading on Wednesday. The company’s stock had a trading volume of 153,302 shares, compared to its average volume of 2,001,831. The business’s fifty day moving average price is $5.46 and its two-hundred day moving average price is $5.51. Prospect Capital Co. has a 12 month low of $4.69 and a 12 month high of $6.30. The stock has a market cap of $2.02 billion, a PE ratio of 14.24 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.66.

Insider Activity at Prospect Capital

In related news, CFO Dask Kristin Lea Van purchased 3,330 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was bought at an average price of $22.50 per share, for a total transaction of $74,925.00. Following the purchase, the chief financial officer now owns 4,539 shares in the company, valued at approximately $102,127.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 26.69% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PSEC. StockNews.com upgraded shares of Prospect Capital from a “sell” rating to a “hold” rating in a research report on Thursday, June 27th. Wells Fargo & Company decreased their price target on shares of Prospect Capital from $5.50 to $5.00 and set an “underweight” rating for the company in a report on Thursday, May 16th.

About Prospect Capital

Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions.