Quantbot Technologies LP Grows Stock Position in Prospect Capital Corporation $PSEC

Quantbot Technologies LP boosted its position in shares of Prospect Capital Corporation (NASDAQ:PSEC) by 45,575.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 240,709 shares of the financial services provider’s stock after buying an additional 240,182 shares during the quarter. Quantbot Technologies LP owned 0.05% of Prospect Capital worth $765,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American National Bank & Trust purchased a new position in shares of Prospect Capital during the 2nd quarter worth about $32,000. Significant Wealth Partners LLC bought a new stake in Prospect Capital in the second quarter worth about $36,000. Private Trust Co. NA boosted its position in shares of Prospect Capital by 38.5% during the second quarter. Private Trust Co. NA now owns 11,639 shares of the financial services provider’s stock valued at $37,000 after buying an additional 3,238 shares during the period. Foundations Investment Advisors LLC bought a new position in shares of Prospect Capital during the second quarter valued at approximately $38,000. Finally, Capital Advisors Ltd. LLC purchased a new stake in shares of Prospect Capital in the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 9.06% of the company’s stock.

Prospect Capital Trading Down 0.4%

NASDAQ PSEC opened at $2.65 on Wednesday. Prospect Capital Corporation has a 12 month low of $2.52 and a 12 month high of $4.50. The stock has a market capitalization of $1.25 billion, a P/E ratio of -3.08 and a beta of 0.85. The firm’s 50-day moving average is $2.71 and its two-hundred day moving average is $2.94. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.22 and a quick ratio of 1.22.

Prospect Capital (NASDAQ:PSEC) last issued its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.17 EPS for the quarter, topping the consensus estimate of $0.11 by $0.06. The firm had revenue of $119.44 million for the quarter, compared to analyst estimates of $169.53 million. Prospect Capital had a negative net margin of 42.50% and a positive return on equity of 12.29%.

Prospect Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Wednesday, January 28th will be paid a $0.045 dividend. The ex-dividend date is Wednesday, January 28th. This represents a c) dividend on an annualized basis and a yield of 20.4%. Prospect Capital’s dividend payout ratio (DPR) is currently -62.79%.

Analyst Ratings Changes

Several brokerages have commented on PSEC. Wells Fargo & Company cut their price objective on Prospect Capital from $3.00 to $2.50 and set an “underweight” rating on the stock in a research report on Thursday, August 28th. Wall Street Zen raised shares of Prospect Capital from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Prospect Capital in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Prospect Capital has a consensus rating of “Sell” and a consensus target price of $2.50.

Insider Activity at Prospect Capital

In other news, COO M Grier Eliasek purchased 370,000 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were acquired at an average cost of $2.71 per share, for a total transaction of $1,002,700.00. Following the completion of the purchase, the chief operating officer directly owned 2,501,130 shares in the company, valued at $6,778,062.30. The trade was a 17.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John F. Barry acquired 925,000 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was acquired at an average price of $2.72 per share, with a total value of $2,516,000.00. Following the transaction, the chief executive officer directly owned 86,067,158 shares of the company’s stock, valued at $234,102,669.76. This represents a 1.09% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 2,797,158 shares of company stock valued at $7,485,119. 27.98% of the stock is owned by company insiders.

Prospect Capital Profile

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.