Prospect Capital Co. (NASDAQ:PSEC) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC lowered its stake in shares of Prospect Capital Co. (NASDAQ:PSEC) by 17.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,506 shares of the financial services provider’s stock after selling 11,296 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Prospect Capital were worth $281,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC acquired a new position in shares of Prospect Capital during the second quarter valued at about $27,000. Headlands Technologies LLC increased its holdings in Prospect Capital by 2,266.9% in the 1st quarter. Headlands Technologies LLC now owns 7,574 shares of the financial services provider’s stock worth $42,000 after buying an additional 7,254 shares during the period. Global Assets Advisory LLC acquired a new position in Prospect Capital in the 3rd quarter worth approximately $64,000. Empowered Funds LLC acquired a new position in Prospect Capital in the 1st quarter worth approximately $73,000. Finally, Family Wealth Partners LLC acquired a new position in Prospect Capital in the 3rd quarter worth approximately $74,000. Institutional investors and hedge funds own 9.06% of the company’s stock.

Prospect Capital Trading Up 1.2 %

Prospect Capital stock opened at $5.19 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Prospect Capital Co. has a 12 month low of $4.69 and a 12 month high of $6.30. The stock’s 50 day simple moving average is $5.27 and its two-hundred day simple moving average is $5.36. The firm has a market cap of $2.25 billion, a PE ratio of 14.69 and a beta of 1.00.

Prospect Capital (NASDAQ:PSEC) last released its quarterly earnings data on Wednesday, August 28th. The financial services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.18 by $0.07. Prospect Capital had a return on equity of 13.53% and a net margin of 28.07%. The business had revenue of $212.26 million for the quarter. During the same quarter in the prior year, the company posted $0.23 EPS.

Prospect Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, October 29th will be given a $0.06 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $0.72 annualized dividend and a yield of 13.87%. Prospect Capital’s dividend payout ratio is presently 205.71%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PSEC shares. Wells Fargo & Company cut their price target on shares of Prospect Capital from $5.00 to $4.50 and set an “underweight” rating on the stock in a report on Friday, August 30th. StockNews.com downgraded shares of Prospect Capital from a “hold” rating to a “sell” rating in a report on Friday, August 30th.

About Prospect Capital

Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions.