Cfo4life Lowers stake in Prospect Capital Corporation (PSEC)

Prospect Capital Corporation (PSEC) : Cfo4life reduced its stake in Prospect Capital Corporation by 1.41% during the most recent quarter end. The investment management company now holds a total of 71,068 shares of Prospect Capital Corporation which is valued at $590,575 after selling 1,020 shares in Prospect Capital Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Prospect Capital Corporation makes up approximately 0.49% of Cfo4life’s portfolio.

Other Hedge Funds, Including , Wealthsource Partners boosted its stake in PSEC in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 25,850 shares of Prospect Capital Corporation which is valued at $214,814. Prospect Capital Corporation makes up approx 0.08% of Wealthsource Partners’s portfolio.Regal Investment Advisors reduced its stake in PSEC by selling 256 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 26,038 shares of PSEC which is valued at $215,855. Prospect Capital Corporation makes up approx 0.06% of Regal Investment Advisors’s portfolio. Spot Trading L.l.c sold out all of its stake in PSEC during the most recent quarter. The investment firm sold 37,275 shares of PSEC which is valued $310,501.Capital Investment Advisors reduced its stake in PSEC by selling 5,600 shares or 18.87% in the most recent quarter. The Hedge Fund company now holds 24,073 shares of PSEC which is valued at $200,528. Prospect Capital Corporation makes up approx 0.02% of Capital Investment Advisors’s portfolio. James Investment Research Inc added PSEC to its portfolio by purchasing 56,180 company shares during the most recent quarter which is valued at $467,418. Prospect Capital Corporation makes up approx 0.01% of James Investment Research Inc’s portfolio.

Prospect Capital Corporation opened for trading at $8.35 and hit $8.47 on the upside on Monday, eventually ending the session at $8.42, with a gain of 0.96% or 0.08 points. The heightened volatility saw the trading volume jump to 17,16,089 shares. Company has a market cap of $3,001 M.

On the company’s financial health, Prospect Capital Corporation reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $0.26. The company had revenue of $189.50 million for the quarter, compared to analysts expectations of $195.34 million. The company’s revenue was down -1.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.

Prospect Capital Corporation is a financial services company. The Company is a non-diversified closed-end investment company. The Company’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions divestitures growth development recapitalizations and other purposes. The Company primarily lends to and invests in middle market privately-held companies. Its investments include lending in private equity sponsored transactions; lending directly to companies not owned by private equity firms; control investments in corporate operating companies; control investments in financial companies; investments in structured credit; real estate investments; investments in syndicated debt; aircraft leasing and online lending. The Company is managed by its investment adviser Prospect Capital Management L.P.

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