Mckinley Capital Management LLC Delaware Buys 136,232 Shares of Prospect Capital Co. (PSEC)
Mckinley Capital Management LLC Delaware raised its stake in shares of Prospect Capital Co. (NASDAQ:PSEC) by 21.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 765,052 shares of the financial services provider’s stock after purchasing an additional 136,232 shares during the quarter. Mckinley Capital Management LLC Delaware’s holdings in Prospect Capital were worth $5,156,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PSEC. Regal Investment Advisors LLC boosted its holdings in shares of Prospect Capital by 100.4% in the 4th quarter. Regal Investment Advisors LLC now owns 35,742 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 17,906 shares in the last quarter. Aperio Group LLC boosted its holdings in shares of Prospect Capital by 51.6% in the 4th quarter. Aperio Group LLC now owns 62,741 shares of the financial services provider’s stock worth $423,000 after acquiring an additional 21,357 shares in the last quarter. Kovack Advisors Inc. acquired a new position in shares of Prospect Capital in the 4th quarter worth approximately $111,000. LSV Asset Management boosted its holdings in shares of Prospect Capital by 12.7% in the 4th quarter. LSV Asset Management now owns 1,929,792 shares of the financial services provider’s stock worth $13,006,000 after acquiring an additional 217,900 shares in the last quarter. Finally, Wesbanco Bank Inc. acquired a new position in shares of Prospect Capital in the 4th quarter worth approximately $107,000. 14.66% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on PSEC shares. ValuEngine raised Prospect Capital from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Prospect Capital from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Wednesday, January 17th. BidaskClub upgraded shares of Prospect Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. BMO Capital Markets restated a “hold” rating and issued a $7.00 price objective on shares of Prospect Capital in a research report on Monday, January 8th. Finally, National Securities dropped their price objective on shares of Prospect Capital from $5.00 to $4.00 and set a “sell” rating for the company in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $6.81.
Prospect Capital Co. (NASDAQ PSEC) opened at $6.85 on Wednesday. The company has a quick ratio of 4.32, a current ratio of 4.32 and a debt-to-equity ratio of 0.73. Prospect Capital Co. has a 1 year low of $5.51 and a 1 year high of $9.58. The firm has a market cap of $2,465.62, a P/E ratio of 8.86 and a beta of 0.48.
Prospect Capital (NASDAQ:PSEC) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The firm had revenue of $162.40 million during the quarter, compared to analysts’ expectations of $153.94 million. Prospect Capital had a net margin of 31.02% and a return on equity of 8.36%. Prospect Capital’s revenue was down 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.28 EPS. analysts expect that Prospect Capital Co. will post 0.73 earnings per share for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Thursday, April 19th. Shareholders of record on Friday, March 30th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a dividend yield of 10.51%. The ex-dividend date of this dividend is Wednesday, March 28th. Prospect Capital’s payout ratio is 128.57%.
Prospect Capital 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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