Private Trust Co. NA Raises Stock Position in Prospect Capital Co. (NASDAQ:PSEC)

Private Trust Co. NA lifted its position in Prospect Capital Co. (NASDAQ:PSEC) by 54.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,736 shares of the financial services provider’s stock after buying an additional 2,722 shares during the quarter. Private Trust Co. NA’s holdings in Prospect Capital were worth $46,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NBC Securities Inc. purchased a new position in shares of Prospect Capital in the 3rd quarter worth approximately $34,000. Arete Wealth Advisors LLC purchased a new position in shares of Prospect Capital in the 1st quarter worth approximately $71,000. Two Sigma Investments LP purchased a new position in shares of Prospect Capital in the 1st quarter worth approximately $71,000. AlphaQ Advisors LLC purchased a new stake in Prospect Capital during the 4th quarter worth approximately $71,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Prospect Capital during the 1st quarter worth approximately $71,000. Hedge funds and other institutional investors own 9.06% of the company’s stock.

Prospect Capital Stock Down 0.2 %

NASDAQ:PSEC opened at $5.44 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.67. Prospect Capital Co. has a twelve month low of $5.03 and a twelve month high of $6.99. The company’s 50 day moving average is $5.55 and its two-hundred day moving average is $5.75. The company has a market cap of $2.26 billion, a PE ratio of -27.20 and a beta of 1.00.

Prospect Capital (NASDAQ:PSEC) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. Prospect Capital had a negative net margin of 1.47% and a positive return on equity of 13.48%. The business had revenue of $210.94 million during the quarter, compared to analysts’ expectations of $226.14 million. Analysts anticipate that Prospect Capital Co. will post 0.82 EPS for the current year.

Prospect Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, April 26th will be paid a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 13.24%. The ex-dividend date of this dividend is Thursday, April 25th. Prospect Capital’s payout ratio is -360.00%.

Insider Buying and Selling at Prospect Capital

In other Prospect Capital news, CFO Dask Kristin Lea Van acquired 5,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was acquired at an average cost of $5.44 per share, for a total transaction of $27,200.00. Following the purchase, the chief financial officer now owns 10,000 shares in the company, valued at approximately $54,400. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 26.69% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company boosted their target price on shares of Prospect Capital from $5.50 to $5.75 and gave the stock an “underweight” rating in a research report on Monday, January 29th.

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.