Atria Wealth Solutions Inc. Boosts Stock Holdings in Prospect Capital Co. (NASDAQ:PSEC)

Atria Wealth Solutions Inc. lifted its holdings in Prospect Capital Co. (NASDAQ:PSEC) by 57.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 127,940 shares of the financial services provider’s stock after acquiring an additional 46,903 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Prospect Capital were worth $766,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. DNB Asset Management AS raised its stake in Prospect Capital by 19.8% in the fourth quarter. DNB Asset Management AS now owns 254,115 shares of the financial services provider’s stock worth $1,522,000 after buying an additional 42,005 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Prospect Capital by 8.0% in the 3rd quarter. Van ECK Associates Corp now owns 4,884,389 shares of the financial services provider’s stock worth $29,551,000 after acquiring an additional 360,385 shares in the last quarter. Jump Financial LLC raised its position in shares of Prospect Capital by 1,166.6% in the 3rd quarter. Jump Financial LLC now owns 159,400 shares of the financial services provider’s stock worth $964,000 after acquiring an additional 146,815 shares in the last quarter. HighTower Advisors LLC boosted its position in Prospect Capital by 3.6% during the third quarter. HighTower Advisors LLC now owns 158,932 shares of the financial services provider’s stock valued at $961,000 after purchasing an additional 5,588 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Prospect Capital by 613.1% in the third quarter. PNC Financial Services Group Inc. now owns 111,012 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 95,444 shares during the last quarter. 9.06% of the stock is currently owned by institutional investors.

Prospect Capital Stock Up 0.2 %

Shares of NASDAQ:PSEC opened at $5.23 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.67. The business’s 50-day moving average is $5.46 and its 200 day moving average is $5.69. Prospect Capital Co. has a 1 year low of $5.03 and a 1 year high of $6.69.

Prospect Capital (NASDAQ:PSEC) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. The firm had revenue of $210.94 million for the quarter, compared to the consensus estimate of $226.14 million. Prospect Capital had a negative net margin of 1.47% and a positive return on equity of 13.48%. On average, analysts anticipate that Prospect Capital Co. will post 0.82 earnings per share for the current fiscal 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 paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.72 annualized dividend and a dividend yield of 13.77%. Prospect Capital’s payout ratio is currently -359.98%.

Analysts Set New Price Targets

PSEC has been the subject of several analyst reports. StockNews.com raised shares of Prospect Capital from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Wells Fargo & Company increased their target price on shares of Prospect Capital from $5.50 to $5.75 and gave the company an “underweight” rating in a research report on Monday, January 29th.

Insider Activity

In other news, CFO Dask Kristin Lea Van bought 5,000 shares of Prospect Capital stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average price of $5.44 per share, for a total transaction of $27,200.00. Following the purchase, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $54,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 26.69% of the company’s stock.

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.