14,834 Shares in Prospect Capital Co. (NASDAQ:PSEC) Bought by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC purchased a new stake in shares of Prospect Capital Co. (NASDAQ:PSEC) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,834 shares of the financial services provider’s stock, valued at approximately $82,000.

Several other large investors have also made changes to their positions in the business. Private Trust Co. NA boosted its position in shares of Prospect Capital by 54.3% during the fourth 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. Signaturefd LLC grew its position in shares of Prospect Capital by 62.7% during the fourth quarter. Signaturefd LLC now owns 9,719 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 3,746 shares in the last quarter. WealthPlan Investment Management LLC purchased a new position in shares of Prospect Capital during the third quarter valued at about $62,000. Cape Investment Advisory Inc. lifted its position in shares of Prospect Capital by 2,279.1% in the fourth quarter. Cape Investment Advisory Inc. now owns 13,299 shares of the financial services provider’s stock worth $80,000 after buying an additional 12,740 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Prospect Capital by 1,149.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,459 shares of the financial services provider’s stock valued at $81,000 after buying an additional 12,382 shares during the last quarter. 9.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Prospect Capital

In other news, CFO Dask Kristin Lea Van acquired 3,330 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was acquired at an average price of $22.50 per share, with a total value of $74,925.00. Following the completion of the purchase, the chief financial officer now directly owns 4,539 shares in the company, valued at $102,127.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 26.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PSEC. Wells Fargo & Company reduced their price objective on Prospect Capital from $5.50 to $5.00 and set an “underweight” rating on the stock in a research note on Thursday, May 16th. StockNews.com upgraded shares of Prospect Capital from a “sell” rating to a “hold” rating in a research report on Thursday, June 27th.

Prospect Capital Stock Up 0.2 %

Shares of NASDAQ:PSEC opened at $5.50 on Wednesday. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 16.18 and a beta of 1.01. Prospect Capital Co. has a 12 month low of $5.03 and a 12 month high of $6.69. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $5.52 and a 200 day moving average price of $5.66.

Prospect Capital (NASDAQ:PSEC) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Prospect Capital had a return on equity of 13.32% and a net margin of 25.13%. The firm had revenue of $202.22 million during the quarter, compared to analysts’ expectations of $214.70 million.

Prospect Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Wednesday, August 28th will be paid a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 13.09%. The ex-dividend date is Wednesday, August 28th. Prospect Capital’s dividend payout ratio is currently 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.