Prospect Capital Co. (NASDAQ:PSEC) Shares Sold by Next Level Private LLC

Next Level Private LLC cut its position in Prospect Capital Co. (NASDAQ:PSEC) by 30.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,753 shares of the financial services provider’s stock after selling 13,262 shares during the quarter. Next Level Private LLC’s holdings in Prospect Capital were worth $184,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Guggenheim Capital LLC raised its stake in shares of Prospect Capital by 5.0% during the 1st quarter. Guggenheim Capital LLC now owns 38,212 shares of the financial services provider’s stock worth $316,000 after buying an additional 1,825 shares in the last quarter. Spire Wealth Management increased its position in Prospect Capital by 5.7% during the third quarter. Spire Wealth Management now owns 39,900 shares of the financial services provider’s stock worth $241,000 after buying an additional 2,161 shares in the last quarter. Triumph Capital Management boosted its holdings in shares of Prospect Capital by 3.3% during the third quarter. Triumph Capital Management now owns 77,291 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 2,438 shares during the last quarter. BNP Paribas Arbitrage SNC boosted its holdings in shares of Prospect Capital by 13.7% during the second quarter. BNP Paribas Arbitrage SNC now owns 21,057 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 2,540 shares during the last quarter. Finally, Ausdal Financial Partners Inc. boosted its holdings in shares of Prospect Capital by 9.6% during the fourth quarter. Ausdal Financial Partners Inc. now owns 29,254 shares of the financial services provider’s stock worth $175,000 after purchasing an additional 2,573 shares during the last quarter. 9.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Prospect Capital Stock Performance

NASDAQ PSEC opened at $5.51 on Thursday. Prospect Capital Co. has a 1 year low of $5.03 and a 1 year high of $6.99. The business’s fifty day moving average is $5.69 and its two-hundred day moving average is $5.80. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.67.

Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $210.94 million during the quarter, compared to analysts’ expectations of $226.14 million. On average, analysts forecast that Prospect Capital Co. will post 0.82 EPS for the current fiscal year.

Prospect Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 21st. Investors of record on Friday, April 26th will be paid a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 13.07%. The ex-dividend date of this dividend is Thursday, April 25th. Prospect Capital’s payout ratio is presently -359.98%.

Insider Activity at Prospect Capital

In other Prospect Capital news, CFO Dask Kristin Lea Van purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average price of $5.44 per share, with a total value of $27,200.00. Following the completion of the transaction, 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 SEC, which is available through the SEC website. 26.69% of the stock is owned by corporate 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.