Virtu Financial LLC Has $90,000 Stake in Prospect Capital Corporation $PSEC

Virtu Financial LLC cut its stake in Prospect Capital Corporation (NASDAQ:PSEC - Free Report) by 89.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,966 shares of the financial services provider's stock after selling 183,075 shares during the period. Virtu Financial LLC's holdings in Prospect Capital were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Global Assets Advisory LLC lifted its holdings in shares of Prospect Capital by 33.4% in the fourth quarter. Global Assets Advisory LLC now owns 15,998 shares of the financial services provider's stock worth $69,000 after acquiring an additional 4,006 shares during the last quarter. D.A. Davidson & CO. boosted its position in Prospect Capital by 1.2% in the first quarter. D.A. Davidson & CO. now owns 346,881 shares of the financial services provider's stock valued at $1,422,000 after buying an additional 4,050 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its stake in shares of Prospect Capital by 21.8% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 25,229 shares of the financial services provider's stock worth $109,000 after buying an additional 4,524 shares during the last quarter. Tcfg Wealth Management LLC increased its holdings in shares of Prospect Capital by 1.9% during the first quarter. Tcfg Wealth Management LLC now owns 274,657 shares of the financial services provider's stock worth $1,126,000 after buying an additional 5,077 shares in the last quarter. Finally, VSM Wealth Advisory LLC bought a new position in shares of Prospect Capital in the 1st quarter valued at $25,000. 9.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lowered their target price on Prospect Capital from $3.50 to $3.00 and set an "underweight" rating for the company in a report on Monday, May 12th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Prospect Capital presently has a consensus rating of "Sell" and a consensus price target of $3.00.

Prospect Capital Trading Up 1.2%

NASDAQ:PSEC traded up $0.0350 during trading hours on Friday, hitting $2.8750. 1,090,913 shares of the company were exchanged, compared to its average volume of 3,035,110. Prospect Capital Corporation has a one year low of $2.73 and a one year high of $5.57. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -3.34 and a beta of 0.85. The company has a fifty day simple moving average of $3.16 and a 200 day simple moving average of $3.61.

Prospect Capital Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, July 30th were paid a $0.045 dividend. This represents a dividend yield of 1,588.0%. The ex-dividend date of this dividend was Tuesday, July 29th. Prospect Capital's dividend payout ratio is currently -62.79%.

Insider Buying and Selling at Prospect Capital

In other news, CEO John F. Barry acquired 319,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was bought at an average cost of $3.16 per share, for a total transaction of $1,008,040.00. Following the completion of the transaction, the chief executive officer directly owned 83,585,026 shares in the company, valued at $264,128,682.16. This represents a 0.38% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 28.25% of the stock is currently 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.