BI Asset Management Fondsmaeglerselskab A S Acquires 147,460 Shares of Prospect Capital Co. (NASDAQ:PSEC)

BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Prospect Capital Co. (NASDAQ:PSECFree Report) by 59.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 394,365 shares of the financial services provider’s stock after purchasing an additional 147,460 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned about 0.09% of Prospect Capital worth $2,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its holdings in Prospect Capital by 54.3% during the 4th quarter. Private Trust Co. NA now owns 7,736 shares of the financial services provider’s stock valued at $46,000 after buying an additional 2,722 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Prospect Capital by 62.7% in the 4th quarter. Signaturefd LLC now owns 9,719 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 3,746 shares during the period. Edge Financial Advisors LLC purchased a new position in shares of Prospect Capital in the 1st quarter worth approximately $55,000. Cutter & CO Brokerage Inc. purchased a new position in shares of Prospect Capital in the 1st quarter worth approximately $65,000. Finally, Cape Investment Advisory Inc. boosted its holdings in shares of Prospect Capital by 2,279.1% in the 4th quarter. Cape Investment Advisory Inc. now owns 13,299 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 12,740 shares during the period. Institutional investors own 9.06% of the company’s stock.

Insider Activity at Prospect Capital

In related news, CFO Dask Kristin Lea Van bought 3,330 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were bought at an average price of $22.50 per share, for a total transaction of $74,925.00. Following the completion of the purchase, the chief financial officer now directly owns 4,539 shares of the company’s stock, valued at $102,127.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 26.69% of the stock is currently owned by corporate insiders.

Prospect Capital Stock Performance

PSEC stock opened at $5.60 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.72 and a quick ratio of 0.72. The business has a 50-day moving average price of $5.55 and a 200 day moving average price of $5.64. The company has a market capitalization of $2.34 billion, a P/E ratio of 16.47 and a beta of 1.01. Prospect Capital Co. has a 1-year low of $5.03 and a 1-year high of $6.69.

Prospect Capital (NASDAQ:PSECGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. The firm had revenue of $202.22 million during the quarter, compared to the consensus estimate of $214.70 million. Prospect Capital had a return on equity of 13.32% and a net margin of 25.13%.

Prospect Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 19th. Investors of record on Wednesday, August 28th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, August 28th. This represents a $0.72 annualized dividend and a dividend yield of 12.86%. Prospect Capital’s payout ratio is currently 211.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PSEC shares. StockNews.com raised Prospect Capital from a “sell” rating to a “hold” rating in a research note on Thursday, June 27th. Wells Fargo & Company decreased their price target on Prospect Capital from $5.50 to $5.00 and set an “underweight” rating for the company in a research note on Thursday, May 16th.

Read Our Latest Report on PSEC

Prospect Capital Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Prospect Capital (NASDAQ:PSEC)

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