Quadrature Capital Ltd Makes New $888,000 Investment in Prospect Capital Co. (NASDAQ:PSEC)

Quadrature Capital Ltd acquired a new stake in shares of Prospect Capital Co. (NASDAQ:PSEC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 148,229 shares of the financial services provider’s stock, valued at approximately $888,000.

Other hedge funds have also recently modified their holdings of the company. DNB Asset Management AS lifted its stake in Prospect Capital by 19.8% in the 4th quarter. DNB Asset Management AS now owns 254,115 shares of the financial services provider’s stock worth $1,522,000 after purchasing an additional 42,005 shares in the last quarter. HighTower Advisors LLC boosted its stake in Prospect Capital by 3.6% during the third quarter. HighTower Advisors LLC now owns 158,932 shares of the financial services provider’s stock valued at $961,000 after buying an additional 5,588 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Prospect Capital by 613.1% during the third quarter. PNC Financial Services Group Inc. now owns 111,012 shares of the financial services provider’s stock valued at $672,000 after buying an additional 95,444 shares during the last quarter. Private Trust Co. NA increased its stake in Prospect Capital by 54.3% in the 4th quarter. Private Trust Co. NA now owns 7,736 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 2,722 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in Prospect Capital by 27.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 464,374 shares of the financial services provider’s stock worth $2,809,000 after acquiring an additional 100,982 shares during the last quarter. Hedge funds and other institutional investors own 9.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. StockNews.com lowered shares of Prospect Capital from a “hold” rating to a “sell” rating in a report on Friday, May 31st. Wells Fargo & Company reduced their target price on shares of Prospect Capital from $5.50 to $5.00 and set an “underweight” rating on the stock in a report on Thursday, May 16th.

Prospect Capital Stock Performance

NASDAQ:PSEC opened at $5.58 on Friday. The firm has a market capitalization of $2.33 billion, a PE ratio of 16.41 and a beta of 1.01. The stock’s fifty day moving average is $5.50 and its 200 day moving average is $5.68. Prospect Capital Co. has a fifty-two week low of $5.03 and a fifty-two week high of $6.69. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.72 and a current ratio of 0.72.

Prospect Capital (NASDAQ:PSEC) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. Prospect Capital had a net margin of 25.13% and a return on equity of 13.32%. The company had revenue of $202.22 million for the quarter, compared to the consensus estimate of $214.70 million.

Prospect Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 19th. Investors of record on Wednesday, August 28th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.72 dividend on an annualized basis and a yield of 12.90%. Prospect Capital’s payout ratio is 211.76%.

Prospect Capital Company Profile

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.