LSV Asset Management Increases Holdings in Prospect Capital Co. (NASDAQ:PSEC)

LSV Asset Management increased its holdings in Prospect Capital Co. (NASDAQ:PSEC - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,035,654 shares of the financial services provider's stock after acquiring an additional 298,400 shares during the period. LSV Asset Management owned about 0.50% of Prospect Capital worth $12,194,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NBC Securities Inc. purchased a new position in Prospect Capital in the third quarter valued at about $34,000. Private Trust Co. NA increased its holdings in Prospect Capital by 54.3% in the fourth quarter. Private Trust Co. NA now owns 7,736 shares of the financial services provider's stock worth $46,000 after buying an additional 2,722 shares during the last quarter. Signaturefd LLC raised its position in Prospect Capital by 62.7% during the fourth quarter. Signaturefd LLC now owns 9,719 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 3,746 shares in the last quarter. WealthPlan Investment Management LLC bought a new stake in Prospect Capital in the third quarter worth approximately $62,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Prospect Capital during the 3rd quarter worth $64,000. Hedge funds and other institutional investors own 9.06% of the company's stock.

Insider Activity at Prospect Capital

In other news, CFO Dask Kristin Lea Van acquired 5,000 shares of the firm's stock in a transaction dated Monday, March 11th. The shares were bought at an average price of $5.44 per share, with a total value of $27,200.00. Following the acquisition, the chief financial officer now owns 10,000 shares of the company's stock, valued at $54,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.69% of the stock is owned by corporate insiders.

Prospect Capital Stock Performance

Shares of Prospect Capital stock traded down $0.04 during trading on Wednesday, reaching $5.22. The company's stock had a trading volume of 1,402,835 shares, compared to its average volume of 2,029,794. The business's fifty day moving average price is $5.43 and its 200-day moving average price is $5.67. Prospect Capital Co. has a one year low of $5.03 and a one year high of $6.69. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of -26.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.07 and a current ratio of 1.07.

Prospect Capital (NASDAQ:PSEC - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. Prospect Capital had a positive return on equity of 13.48% and a negative net margin of 1.47%. The company had revenue of $210.94 million during the quarter, compared to analysts' expectations of $226.14 million. As a group, equities research analysts predict that Prospect Capital Co. will post 0.82 earnings per share for the current year.

Prospect Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Friday, April 26th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, April 25th. This represents a $0.72 annualized dividend and a dividend yield of 13.79%. Prospect Capital's payout ratio is -359.98%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Prospect Capital from $5.50 to $5.75 and gave the stock an "underweight" rating in a report on Monday, January 29th. StockNews.com upgraded Prospect Capital from a "sell" rating to a "hold" rating in a report on Friday, April 26th.

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.