Prospect Capital Corporation (NASDAQ:PSEC) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lessened its holdings in Prospect Capital Corporation (NASDAQ:PSEC - Free Report) by 82.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,745 shares of the financial services provider's stock after selling 200,443 shares during the quarter. Sigma Planning Corp's holdings in Prospect Capital were worth $179,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Balyasny Asset Management L.P. grew its holdings in shares of Prospect Capital by 6,177.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,478,914 shares of the financial services provider's stock worth $10,684,000 after purchasing an additional 2,439,426 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Prospect Capital during the fourth quarter worth about $7,880,000. Envestnet Asset Management Inc. grew its holdings in shares of Prospect Capital by 24.8% during the first quarter. Envestnet Asset Management Inc. now owns 1,181,787 shares of the financial services provider's stock worth $4,845,000 after purchasing an additional 235,139 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Prospect Capital by 49.4% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 707,827 shares of the financial services provider's stock worth $3,051,000 after purchasing an additional 233,948 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of Prospect Capital by 115.9% during the fourth quarter. Two Sigma Investments LP now owns 684,812 shares of the financial services provider's stock worth $2,952,000 after purchasing an additional 367,634 shares during the last quarter. Hedge funds and other institutional investors own 9.06% of the company's stock.

Prospect Capital Price Performance

Shares of Prospect Capital stock remained flat at $3.46 during trading on Friday. The company had a trading volume of 2,721,857 shares, compared to its average volume of 1,991,630. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.83 and a quick ratio of 0.83. Prospect Capital Corporation has a 1 year low of $3.10 and a 1 year high of $5.57. The stock has a market cap of $1.54 billion, a PE ratio of -4.02 and a beta of 0.83. The stock has a fifty day moving average of $3.31 and a 200 day moving average of $3.80.

Prospect Capital (NASDAQ:PSEC - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. The firm had revenue of $170.72 million during the quarter, compared to the consensus estimate of $174.29 million. Prospect Capital had a positive return on equity of 12.43% and a negative net margin of 36.07%.

Prospect Capital Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, June 18th. Investors of record on Thursday, May 29th were issued a $0.045 dividend. The ex-dividend date was Wednesday, May 28th. This represents a yield of 16.46%. Prospect Capital's dividend payout ratio is currently -62.79%.

Insider Transactions at Prospect Capital

In related news, CEO John F. Barry purchased 319,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was purchased at an average cost of $3.16 per share, for a total transaction of $1,008,040.00. Following the acquisition, the chief executive officer owned 83,585,026 shares in the company, valued at approximately $264,128,682.16. This trade represents a 0.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 28.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PSEC shares. Wells Fargo & Company lowered 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 Prospect Capital from a "sell" rating to a "hold" rating in a report on Saturday, April 12th.

Prospect Capital Company 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.