Institutional Investors Are Betting On Prospect Capital Corp (NASDAQ:PSEC)

October 13, 2017 - By Louis Casey

 Institutional Investors Are Betting On Prospect Capital Corp (NASDAQ:PSEC)

Sentiment for Prospect Capital Corp (NASDAQ:PSEC)

Prospect Capital Corp (NASDAQ:PSEC) institutional sentiment decreased to 1.15 in Q2 2017. Its down -0.14, from 1.29 in 2017Q1. The ratio has worsened, as 84 hedge funds opened new or increased holdings, while 73 reduced and sold positions in Prospect Capital Corp. The hedge funds in our partner’s database now have: 51.61 million shares, down from 54.32 million shares in 2017Q1. Also, the number of hedge funds holding Prospect Capital Corp in their top 10 holdings decreased from 3 to 2 for a decrease of 1. Sold All: 25 Reduced: 48 Increased: 60 New Position: 24.

Prospect Capital Corporation is a financial services company. The company has market cap of $2.26 billion. The Firm primarily lends to and invests in middle market privately held companies. It has a 8.89 P/E ratio. The Firm is a closed-end investment company.

The stock increased 0.80% or $0.05 during the last trading session, reaching $6.27. About 3.26M shares traded or 12.41% up from the average. Prospect Capital Corporation (NASDAQ:PSEC) has risen 10.36% since October 13, 2016 and is uptrending. It has underperformed by 6.34% the S&P500.

Investors wait Prospect Capital Corporation (NASDAQ:PSEC) to report on November, 14. its quarterly earnings Wall Street analysts expect $0.19 EPS, down $0.03 or 13.64 % from last year’s $0.22 same quarter earnings. This translates into $68.48M profit for PSEC giving the stock a 8.25 P/E. This is assuming the current $0.19 EPS is accurate. Prospect Capital Corporation’s Wall Street analysts see 0.00 % EPS growth, taking into account the $0.19 EPS reproted in the previous quarter,

Muzinich & Co. Inc. holds 7.36% of its portfolio in Prospect Capital Corporation for 10.37 million shares. Camelot Portfolios Llc owns 665,323 shares or 2.67% of their US portfolio. Moreover, Messner & Smith Theme Value Investment Management Ltd Ca has 2.39% invested in the company for 168,990 shares. The Tennessee-based Barnett & Company Inc. has invested 1.72% in the stock. Beck Capital Management Llc, a Texas-based fund reported 336,129 shares.#img1#

Since January 1, 0001, it had 1 buying transaction, and 0 sales for $35,847 activity.

Prospect Capital Corporation (NASDAQ:PSEC) Ratings Coverage

Ratings analysis reveals 11% of Prospect Capital Corporation’s analysts are positive. Out of 9 Wall Street analysts rating Prospect Capital Corporation, 1 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $7.0 while the high is $10.50. The stock’s average target of $8.70 is 38.76% above today’s ($6.27) share price. PSEC was included in 15 notes of analysts from August 27, 2015. The firm has “Market Perform” rating given on Thursday, May 11 by FBR Capital. The company was maintained on Wednesday, May 31 by BMO Capital Markets. The firm has “Outperform” rating by FBR Capital given on Wednesday, August 31. BMO Capital Markets maintained Prospect Capital Corporation (NASDAQ:PSEC) on Friday, October 6 with “Hold” rating. The firm has “Sell” rating given on Wednesday, July 20 by National Securities. The firm has “Neutral” rating by National Securities given on Friday, January 29. The firm earned “Underperform” rating on Monday, January 11 by Wells Fargo. The stock of Prospect Capital Corporation (NASDAQ:PSEC) earned “Hold” rating by BMO Capital Markets on Wednesday, August 23. The stock of Prospect Capital Corporation (NASDAQ:PSEC) has “Hold” rating given on Thursday, April 28 by Deutsche Bank. On Wednesday, August 30 the stock rating was upgraded by Raymond James to “Market Perform”.

More notable recent Prospect Capital Corporation (NASDAQ:PSEC) news were published by: Globenewswire.com which released: “Prospect Capital Purchases $32 Million of First Lien Senior Secured Floating …” on October 02, 2017, also Nasdaq.com with their article: “Prospect Capital Corporation (PSEC) Ex-Dividend Date Scheduled for September …” published on September 27, 2017, Seekingalpha.com published: “Prospect Capital: Time To Walk Away” on October 10, 2017. More interesting news about Prospect Capital Corporation (NASDAQ:PSEC) were released by: Seekingalpha.com and their article: “Prospect Capital: Buying Opportunity” published on October 02, 2017 as well as Seekingalpha.com‘s news article titled: “Explaining Prospect Capital’s Recent Dividend Reduction (Includes November …” with publication date: September 19, 2017.

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