Prospect Capital Corporation (PSEC) Holdings Increased by Regal Investment Advisors LLC

Regal Investment Advisors LLC boosted its position in Prospect Capital Corporation (NASDAQ:PSEC) by 19.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,819 shares of the financial services provider’s stock after purchasing an additional 2,720 shares during the quarter. Regal Investment Advisors LLC’s holdings in Prospect Capital Corporation were worth $137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC World Markets Inc. raised its position in shares of Prospect Capital Corporation by 112.0% during the 2nd quarter. CIBC World Markets Inc. now owns 143,547 shares of the financial services provider’s stock valued at $1,166,000 after buying an additional 75,839 shares in the last quarter. Synovus Financial Corp raised its position in shares of Prospect Capital Corporation by 2,935.4% during the 2nd quarter. Synovus Financial Corp now owns 45,531 shares of the financial services provider’s stock valued at $370,000 after buying an additional 44,031 shares in the last quarter. Cipher Capital LP raised its position in shares of Prospect Capital Corporation by 131.0% during the 2nd quarter. Cipher Capital LP now owns 234,643 shares of the financial services provider’s stock valued at $1,905,000 after buying an additional 133,074 shares in the last quarter. Sage Capital Advisors llc purchased a new stake in shares of Prospect Capital Corporation during the 2nd quarter valued at $682,000. Finally, Pacer Advisors Inc. raised its position in shares of Prospect Capital Corporation by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 53,897 shares of the financial services provider’s stock valued at $438,000 after buying an additional 5,761 shares in the last quarter. Institutional investors and hedge funds own 15.32% of the company’s stock.

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Shares of Prospect Capital Corporation (PSEC) opened at 6.80 on Tuesday. Prospect Capital Corporation has a 52-week low of $6.54 and a 52-week high of $9.58. The stock’s 50 day moving average is $7.57 and its 200 day moving average is $8.40.

Prospect Capital Corporation (NASDAQ:PSEC) last released its earnings results on Monday, August 28th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by $0.02. Prospect Capital Corporation had a return on equity of 8.98% and a net margin of 36.08%. The company had revenue of $166.70 million during the quarter, compared to analysts’ expectations of $177.21 million. During the same period last year, the firm posted $0.26 EPS. Prospect Capital Corporation’s quarterly revenue was down 13.6% compared to the same quarter last year. On average, equities analysts forecast that Prospect Capital Corporation will post $0.78 earnings per share for the current year.

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Tuesday, October 31st will be issued a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 10.59%. The ex-dividend date of this dividend is Monday, October 30th. Prospect Capital Corporation’s dividend payout ratio (DPR) is presently 142.86%.

In other Prospect Capital Corporation news, CFO Brian H. Oswald purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were bought at an average price of $6.73 per share, with a total value of $336,500.00. Following the completion of the purchase, the chief financial officer now directly owns 493,373 shares in the company, valued at $3,320,400.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.60% of the stock is currently owned by insiders.

PSEC has been the topic of several research reports. UBS AG upgraded shares of Prospect Capital Corporation from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. BMO Capital Markets restated a “hold” rating and set a $7.00 price objective on shares of Prospect Capital Corporation in a research report on Thursday, June 1st. BidaskClub upgraded shares of Prospect Capital Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Raymond James Financial, Inc. upgraded shares of Prospect Capital Corporation from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 30th. Finally, National Securities lowered their price objective on shares of Prospect Capital Corporation from $7.00 to $6.00 and set a “sell” rating on the stock in a research report on Wednesday, August 30th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Prospect Capital Corporation presently has an average rating of “Hold” and a consensus target price of $8.04.

Prospect Capital Corporation Company Profile

Prospect Capital Corporation is a financial services company. The Company primarily lends to and invests in middle market privately held companies. The Company is a closed-end investment company. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.

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Institutional Ownership by Quarter for Prospect Capital Corporation (NASDAQ:PSEC)

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