Acorn Financial Advisory Services Inc. ADV acquired a new position in Prospect Capital Co. (NASDAQ:PSEC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,798 shares of the financial services provider’s stock, valued at approximately $153,000.
Other institutional investors have also modified their holdings of the company. NEXT Financial Group Inc grew its stake in shares of Prospect Capital by 78.4% in the fourth quarter. NEXT Financial Group Inc now owns 4,193 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,843 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Prospect Capital in the second quarter worth $36,000. First National Bank of Omaha bought a new stake in shares of Prospect Capital in the third quarter worth $66,000. KG&L Capital Management LLC grew its stake in shares of Prospect Capital by 16.4% in the third quarter. KG&L Capital Management LLC now owns 13,664 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 1,929 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of Prospect Capital in the third quarter worth $98,000. 12.63% of the stock is currently owned by institutional investors.
Shares of PSEC opened at $6.55 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $2.41 billion, a P/E ratio of 29.77 and a beta of 0.74. The firm’s fifty day simple moving average is $6.55 and its two-hundred day simple moving average is $6.54. Prospect Capital Co. has a 12 month low of $6.21 and a 12 month high of $6.97.
Prospect Capital (NASDAQ:PSEC) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.14). The firm had revenue of $161.88 million for the quarter, compared to the consensus estimate of $162.98 million. Prospect Capital had a net margin of 11.49% and a return on equity of 9.05%. During the same period last year, the company posted $0.23 EPS. As a group, research analysts predict that Prospect Capital Co. will post 0.72 EPS for the current fiscal year.
The company also recently declared a dividend, which will be paid on Thursday, February 20th. Shareholders of record on Friday, January 31st will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, January 30th. Prospect Capital’s dividend payout ratio (DPR) is currently 84.71%.
PSEC has been the topic of several analyst reports. BidaskClub cut shares of Prospect Capital from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 8th. Zacks Investment Research raised shares of Prospect Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. Finally, ValuEngine raised shares of Prospect Capital from a “sell” rating to a “hold” rating in a research note on Friday, December 27th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Prospect Capital presently has a consensus rating of “Hold” and an average price target of $4.00.
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.
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