Two Sigma Advisers LP Grows Position in Prospect Capital Co. (NASDAQ:PSEC)

Two Sigma Advisers LP lifted its holdings in Prospect Capital Co. (NASDAQ:PSEC - Free Report) by 1,149.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 313,600 shares of the financial services provider's stock after buying an additional 288,500 shares during the period. Two Sigma Advisers LP owned approximately 0.07% of Prospect Capital worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PSEC. Nomura Asset Management Co. Ltd. purchased a new position in Prospect Capital in the 4th quarter worth approximately $44,000. Centurion Wealth Management LLC purchased a new position in Prospect Capital during the fourth quarter worth approximately $46,000. Envision Financial Planning LLC acquired a new position in Prospect Capital during the fourth quarter worth $56,000. PFG Advisors acquired a new position in Prospect Capital during the fourth quarter worth $57,000. Finally, Independent Advisor Alliance purchased a new stake in Prospect Capital in the 4th quarter valued at $62,000. 9.06% of the stock is currently owned by institutional investors and hedge funds.

Prospect Capital Trading Up 0.2%

PSEC traded up $0.01 during trading hours on Wednesday, reaching $3.25. The company's stock had a trading volume of 642,827 shares, compared to its average volume of 2,946,051. The stock has a market cap of $1.45 billion, a PE ratio of -16.23 and a beta of 0.93. Prospect Capital Co. has a fifty-two week low of $3.14 and a fifty-two week high of $5.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.76 and a quick ratio of 0.76. The business's 50-day moving average is $3.59 and its 200-day moving average is $4.10.

Prospect Capital (NASDAQ:PSEC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The financial services provider reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.05. The business had revenue of $170.72 million during the quarter, compared to analysts' expectations of $174.29 million. Prospect Capital had a return on equity of 12.31% and a net margin of 1.18%.

Prospect Capital Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 29th will be given a dividend of $0.045 per share. This represents a dividend yield of 16.46%. The ex-dividend date is Wednesday, May 28th. Prospect Capital's dividend payout ratio is presently -62.79%.

Insider Activity

In related news, Director William Gremp bought 19,100 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was purchased at an average price of $4.29 per share, for a total transaction of $81,939.00. Following the acquisition, the director now owns 75,153 shares of the company's stock, valued at approximately $322,406.37. This trade represents a 34.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John F. Barry purchased 240,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $4.20 per share, with a total value of $1,008,000.00. Following the completion of the transaction, the chief executive officer now owns 81,981,933 shares of the company's stock, valued at approximately $344,324,118.60. This trade represents a 0.29% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 2,548,000 shares of company stock valued at $10,970,715. Company insiders own 28.25% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company reduced their price target on Prospect Capital from $3.50 to $3.00 and set an "underweight" rating on the stock in a report on Monday, May 12th. Wall Street Zen raised shares of Prospect Capital from a "sell" rating to a "hold" rating in a research note on Saturday, April 12th.

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.