Prospect Capital Corporation (PSEC) : Prospera Financial Services Inc scooped up 9,150 additional shares in Prospect Capital Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 183,960 shares of Prospect Capital Corporation which is valued at $1,469,840.Prospect Capital Corporation makes up approximately 0.30% of Prospera Financial Services Inc’s portfolio.
Other Hedge Funds, Including , Gradient Investments sold out all of its stake in PSEC during the most recent quarter. The investment firm sold 1,185 shares of PSEC which is valued $9,516.Advisory Services Network boosted its stake in PSEC in the latest quarter, The investment management firm added 19,163 additional shares and now holds a total of 66,586 shares of Prospect Capital Corporation which is valued at $531,356. Prospect Capital Corporation makes up approx 0.10% of Advisory Services Network’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in PSEC in the latest quarter, The investment management firm added 3,284 additional shares and now holds a total of 4,882 shares of Prospect Capital Corporation which is valued at $39,398.Eqis Capital Management boosted its stake in PSEC in the latest quarter, The investment management firm added 13,466 additional shares and now holds a total of 99,041 shares of Prospect Capital Corporation which is valued at $799,261. Prospect Capital Corporation makes up approx 0.05% of Eqis Capital Management’s portfolio.
Prospect Capital Corporation closed down -0.04 points or -0.50% at $7.99 with 10,30,940 shares getting traded on Tuesday. Post opening the session at $8.03, the shares hit an intraday low of $7.96 and an intraday high of $8.05 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.
Many Wall Street Analysts have commented on Prospect Capital Corporation. Company shares were Reiterated by FBR Capital on Aug 31, 2016 to “Outperform”, Firm has raised the Price Target to $ 10 from a previous price target of $9 .
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.