Prospect Capital Corporation $PSEC Stock Position Raised by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lifted its holdings in shares of Prospect Capital Corporation (NASDAQ:PSEC) by 12.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,604,286 shares of the financial services provider’s stock after buying an additional 282,119 shares during the period. Tudor Investment Corp ET AL’s holdings in Prospect Capital were worth $7,162,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Navalign LLC bought a new stake in shares of Prospect Capital during the 3rd quarter valued at about $28,000. A4 Wealth Advisors LLC bought a new stake in shares of Prospect Capital during the 3rd quarter valued at about $34,000. Significant Wealth Partners LLC grew its position in shares of Prospect Capital by 59.1% during the 3rd quarter. Significant Wealth Partners LLC now owns 17,947 shares of the financial services provider’s stock valued at $49,000 after buying an additional 6,664 shares during the last quarter. Equitable Holdings Inc. bought a new stake in shares of Prospect Capital during the 3rd quarter valued at about $51,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Prospect Capital during the 3rd quarter valued at about $51,000. Institutional investors own 9.06% of the company’s stock.

Prospect Capital Stock Down 2.3%

PSEC stock opened at $2.58 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.62. Prospect Capital Corporation has a fifty-two week low of $2.45 and a fifty-two week high of $3.77. The firm’s 50-day simple moving average is $2.71 and its 200 day simple moving average is $2.70. The stock has a market cap of $1.26 billion, a PE ratio of -3.19 and a beta of 0.84.

Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings data on Monday, February 9th. The financial services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.09. Prospect Capital had a negative net margin of 39.56% and a positive return on equity of 11.91%. The business had revenue of $176.00 million for the quarter, compared to analysts’ expectations of $156.34 million.

Prospect Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 19th. Investors of record on Tuesday, April 28th will be issued a $0.045 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 20.9%. The ex-dividend date of this dividend is Tuesday, April 28th. Prospect Capital’s dividend payout ratio (DPR) is -66.67%.

Insider Buying and Selling at Prospect Capital

In other news, COO M Grier Eliasek acquired 942,800 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were acquired at an average price of $2.92 per share, with a total value of $2,752,976.00. Following the acquisition, the chief operating officer directly owned 3,443,930 shares in the company, valued at approximately $10,056,275.60. The trade was a 37.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Prospect Capital in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of Prospect Capital from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell” and an average target price of $2.50.

Prospect Capital Company Profile

Prospect Capital Corporation is a publicly traded business development company listed on the Nasdaq stock exchange that specializes in providing private debt and equity financing solutions to middle-market companies across the United States. Structured as a closed-end, non-diversified management investment company under the Investment Company Act of 1940, Prospect Capital offers investors access to a diversified portfolio of senior secured loans, subordinated debt and selective equity interests in privately held businesses.

Since its founding in 2004, Prospect Capital has focused on tailoring financing structures to meet the growth, acquisition and recapitalization needs of its portfolio companies.