Prospect Capital Corporation $PSEC Shares Sold by Two Sigma Securities LLC

Two Sigma Securities LLC lowered its stake in shares of Prospect Capital Corporation (NASDAQ:PSEC) by 89.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,198 shares of the financial services provider’s stock after selling 239,010 shares during the period. Two Sigma Securities LLC’s holdings in Prospect Capital were worth $67,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PSEC. Raymond James Financial Inc. lifted its holdings in Prospect Capital by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 844,465 shares of the financial services provider’s stock valued at $2,685,000 after purchasing an additional 3,880 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Prospect Capital by 55.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 16,970 shares of the financial services provider’s stock valued at $39,000 after buying an additional 6,056 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Prospect Capital by 0.4% during the first quarter. Private Advisor Group LLC now owns 1,711,638 shares of the financial services provider’s stock valued at $4,467,000 after buying an additional 6,262 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in Prospect Capital by 1.3% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 520,592 shares of the financial services provider’s stock worth $1,655,000 after acquiring an additional 6,516 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Prospect Capital by 1.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 504,342 shares of the financial services provider’s stock worth $1,387,000 after acquiring an additional 9,008 shares during the period. Institutional investors and hedge funds own 9.06% of the company’s stock.

Insider Buying and Selling

In related news, CEO John Barry. III purchased 1,067,648 shares of Prospect Capital stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average cost of $2.27 per share, with a total value of $2,423,560.96. Following the transaction, the chief executive officer owned 89,213,725 shares of the company’s stock, valued at approximately $202,515,155.75. The trade was a 1.21% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Prospect Capital Trading Up 1.8%

Shares of PSEC stock opened at $2.23 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.64. Prospect Capital Corporation has a fifty-two week low of $2.11 and a fifty-two week high of $3.13. The firm’s 50 day moving average price is $2.24 and its two-hundred day moving average price is $2.44. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 44.60 and a beta of 0.80.

Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings data on Thursday, August 20th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.04. Prospect Capital had a net margin of 19.33% and a return on equity of 12.15%. The company had revenue of $155.76 million during the quarter, compared to analyst estimates of $149.80 million.

Prospect Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Wednesday, October 28th will be paid a $0.035 dividend. The ex-dividend date is Wednesday, October 28th. This represents a c) dividend on an annualized basis and a dividend yield of 18.8%. Prospect Capital’s dividend payout ratio (DPR) is 840.00%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PSEC. Weiss Ratings cut Prospect Capital from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, August 26th. Wall Street Zen downgraded shares of Prospect Capital from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, Wells Fargo & Company cut their price objective on shares of Prospect Capital from $2.50 to $2.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell” and a consensus price target of $2.00.

Prospect Capital 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.