Engineers Gate Manager LP trimmed its stake in shares of Prospect Capital Co. (NASDAQ:PSEC) by 69.6% during the fourth quarter, Holdings Channel reports. The fund owned 62,622 shares of the financial services provider’s stock after selling 143,537 shares during the quarter. Engineers Gate Manager LP’s holdings in Prospect Capital were worth $422,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp raised its holdings in shares of Prospect Capital by 4.2% during the third quarter. Van ECK Associates Corp now owns 2,404,212 shares of the financial services provider’s stock worth $16,156,000 after purchasing an additional 96,575 shares during the period. LSV Asset Management raised its holdings in shares of Prospect Capital by 12.7% during the fourth quarter. LSV Asset Management now owns 1,929,792 shares of the financial services provider’s stock worth $13,006,000 after purchasing an additional 217,900 shares during the period. Legal & General Group Plc raised its holdings in shares of Prospect Capital by 8.8% during the third quarter. Legal & General Group Plc now owns 1,047,945 shares of the financial services provider’s stock worth $7,037,000 after purchasing an additional 84,772 shares during the period. California Public Employees Retirement System raised its holdings in shares of Prospect Capital by 5.4% during the third quarter. California Public Employees Retirement System now owns 808,100 shares of the financial services provider’s stock worth $5,430,000 after purchasing an additional 41,100 shares during the period. Finally, Camelot Portfolios LLC raised its holdings in shares of Prospect Capital by 5.1% during the third quarter. Camelot Portfolios LLC now owns 699,153 shares of the financial services provider’s stock worth $4,698,000 after purchasing an additional 33,830 shares during the period. Hedge funds and other institutional investors own 14.66% of the company’s stock.

PSEC has been the topic of a number of research reports. Zacks Investment Research cut shares of Prospect Capital from a “hold” rating to a “sell” rating in a report on Saturday, November 11th. National Securities dropped their target price on shares of Prospect Capital from $5.00 to $4.00 and set a “sell” rating on the stock in a report on Tuesday, November 14th. ValuEngine raised shares of Prospect Capital from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. BidaskClub raised shares of Prospect Capital from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Finally, BMO Capital Markets reissued a “hold” rating and set a $7.00 target price on shares of Prospect Capital in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.81.

Shares of Prospect Capital Co. (NASDAQ:PSEC) opened at $6.92 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 4.32 and a quick ratio of 4.32. Prospect Capital Co. has a twelve month low of $5.51 and a twelve month high of $9.58. The firm has a market cap of $2,490.00, a PE ratio of 12.14 and a beta of 0.48.

Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. Prospect Capital had a net margin of 31.02% and a return on equity of 8.36%. The business had revenue of $162.40 million for the quarter, compared to analysts’ expectations of $153.94 million. During the same quarter last year, the company earned $0.28 EPS. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. analysts expect that Prospect Capital Co. will post 0.73 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 19th. Investors of record on Friday, March 30th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.40%. Prospect Capital’s dividend payout ratio (DPR) is presently 126.32%.

In other news, insider John F. Barry acquired 995,883 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average price of $6.98 per share, with a total value of $6,951,263.34. Following the acquisition, the insider now directly owns 25,219,413 shares in the company, valued at $176,031,502.74. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John F. Barry acquired 993,900 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was purchased at an average cost of $7.21 per share, for a total transaction of $7,166,019.00. Following the acquisition, the insider now owns 32,187,564 shares in the company, valued at $232,072,336.44. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 4,906,699 shares of company stock worth $33,972,259. Corporate insiders own 7.10% of the company’s stock.

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About Prospect Capital

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 (NASDAQ:PSEC)

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