Prospect Capital Corporation (PSEC) : Alpha Omega Wealth Management scooped up 985 additional shares in Prospect Capital Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 73,237 shares of Prospect Capital Corporation which is valued at $608,599.Prospect Capital Corporation makes up approximately 0.50% of Alpha Omega Wealth Management’s portfolio.
Other Hedge Funds, Including , Advisory Services Network boosted its stake in PSEC in the latest quarter, The investment management firm added 15,156 additional shares and now holds a total of 47,423 shares of Prospect Capital Corporation which is valued at $395,034. Prospect Capital Corporation makes up approx 0.09% of Advisory Services Network’s portfolio.Gradient Investments boosted its stake in PSEC in the latest quarter, The investment management firm added 185 additional shares and now holds a total of 1,185 shares of Prospect Capital Corporation which is valued at $9,859.Creative Planning reduced its stake in PSEC by selling 14,661 shares or 5.58% in the most recent quarter. The Hedge Fund company now holds 247,885 shares of PSEC which is valued at $2,005,390. Prospect Capital Corporation makes up approx 0.01% of Creative Planning’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.