XML Financial LLC Sells 561,109 Shares of Prospect Capital Corporation $PSEC

XML Financial LLC decreased its position in Prospect Capital Corporation (NASDAQ:PSEC) by 86.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,115 shares of the financial services provider’s stock after selling 561,109 shares during the quarter. XML Financial LLC’s holdings in Prospect Capital were worth $226,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PSEC. Catalyst Financial Partners LLC acquired a new stake in Prospect Capital during the 4th quarter worth approximately $26,000. Bfsg LLC acquired a new position in Prospect Capital in the 4th quarter valued at $27,000. Navalign LLC acquired a new position in Prospect Capital in the 3rd quarter valued at $28,000. Ground Swell Capital LLC bought a new position in Prospect Capital during the 4th quarter worth $28,000. Finally, Evergreen Capital Management LLC bought a new position in Prospect Capital during the 4th quarter worth $30,000. Institutional investors own 9.06% of the company’s stock.

Prospect Capital Price Performance

Shares of NASDAQ PSEC opened at $2.24 on Tuesday. The stock has a market capitalization of $1.12 billion, a PE ratio of -6.05 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.79 and a quick ratio of 0.79. The business has a fifty day moving average price of $2.51 and a two-hundred day moving average price of $2.63. Prospect Capital Corporation has a fifty-two week low of $2.11 and a fifty-two week high of $3.50.

Prospect Capital (NASDAQ:PSEC) last released its earnings results on Thursday, May 7th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05. Prospect Capital had a positive return on equity of 12.03% and a negative net margin of 10.42%.The company had revenue of $150.07 million for the quarter, compared to analyst estimates of $163.23 million.

Prospect Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, August 27th will be paid a dividend of $0.035 per share. This represents a c) dividend on an annualized basis and a yield of 18.8%. The ex-dividend date is Thursday, August 27th. Prospect Capital’s dividend payout ratio is presently -113.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PSEC shares. Wall Street Zen raised shares of Prospect Capital from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded shares of Prospect Capital from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Finally, Wells Fargo & Company cut their price objective on shares of Prospect Capital from $2.50 to $2.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell” and a consensus target price of $2.00.

Insider Transactions at Prospect Capital

In other news, CEO John F. Barry bought 433,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average cost of $2.32 per share, with a total value of $1,004,560.00. Following the acquisition, the chief executive officer directly owned 87,122,376 shares in the company, valued at $202,123,912.32. This represents a 0.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

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.