Prospect Capital Corp (NASDAQ:PSEC) Institutional Investors Quarterly Sentiment

October 13, 2017 - By Michael Collier

 Prospect Capital Corp (NASDAQ:PSEC) Institutional Investors Quarterly Sentiment

Sentiment for Prospect Capital Corp (NASDAQ:PSEC)

Prospect Capital Corp (NASDAQ:PSEC) institutional sentiment decreased to 1.15 in 2017 Q2. Its down -0.14, from 1.29 in 2017Q1. The ratio has worsened, as 84 funds opened new and increased positions, while 73 sold and decreased holdings in Prospect Capital Corp. The funds in our partner’s database reported: 51.61 million shares, down from 54.32 million shares in 2017Q1. Also, the number of funds holding Prospect Capital Corp in their top 10 positions decreased from 3 to 2 for a decrease of 1. Sold All: 25 Reduced: 48 Increased: 60 New Position: 24.

Prospect Capital Corporation is a financial services company. The company has market cap of $2.26 billion. The Firm primarily lends to and invests in middle market privately held companies. It has a 8.89 P/E ratio. The Firm is a closed-end investment company.

The stock increased 0.80% or $0.05 during the last trading session, reaching $6.27. About 3.26 million shares traded or 12.41% up from the average. Prospect Capital Corporation (NASDAQ:PSEC) has risen 10.36% since October 13, 2016 and is uptrending. It has underperformed by 6.34% the S&P500.

Analysts await Prospect Capital Corporation (NASDAQ:PSEC) to report earnings on November, 14. They expect $0.19 earnings per share, down 13.64 % or $0.03 from last year’s $0.22 per share. PSEC’s profit will be $68.48 million for 8.25 P/E if the $0.19 EPS becomes a reality. After $0.19 actual earnings per share reported by Prospect Capital Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Muzinich & Co. Inc. holds 7.36% of its portfolio in Prospect Capital Corporation for 10.37 million shares. Camelot Portfolios Llc owns 665,323 shares or 2.67% of their US portfolio. Moreover, Messner & Smith Theme Value Investment Management Ltd Ca has 2.39% invested in the company for 168,990 shares. The Tennessee-based Barnett & Company Inc. has invested 1.72% in the stock. Beck Capital Management Llc, a Texas-based fund reported 336,129 shares.#img1#

Since January 1, 0001, it had 1 insider buy, and 0 selling transactions for $35,847 activity.

Prospect Capital Corporation (NASDAQ:PSEC) Ratings Coverage

Ratings analysis reveals 11% of Prospect Capital Corporation’s analysts are positive. Out of 9 Wall Street analysts rating Prospect Capital Corporation, 1 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $7.0 while the high is $10.50. The stock’s average target of $8.70 is 38.76% above today’s ($6.27) share price. PSEC was included in 15 notes of analysts from August 27, 2015. The rating was upgraded by Raymond James to “Market Perform” on Wednesday, August 30. Wells Fargo downgraded Prospect Capital Corporation (NASDAQ:PSEC) on Monday, January 11 to “Underperform” rating. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, August 23. The firm has “Sell” rating given on Wednesday, July 20 by National Securities. The firm has “Hold” rating given on Wednesday, May 31 by BMO Capital Markets. The stock of Prospect Capital Corporation (NASDAQ:PSEC) has “Outperform” rating given on Wednesday, August 31 by FBR Capital. The stock of Prospect Capital Corporation (NASDAQ:PSEC) earned “Market Perform” rating by FBR Capital on Thursday, May 11. Raymond James downgraded the stock to “Underperform” rating in Thursday, February 11 report. On Thursday, February 11 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. National Securities initiated the stock with “Neutral” rating in Friday, January 29 report.

More notable recent Prospect Capital Corporation (NASDAQ:PSEC) news were published by: Nasdaq.com which released: “Prospect Capital Corporation (PSEC) Ex-Dividend Date Scheduled for September …” on September 27, 2017, also Globenewswire.com with their article: “Prospect Capital Purchases $32 Million of First Lien Senior Secured Floating …” published on October 02, 2017, Seekingalpha.com published: “Explaining Prospect Capital’s Recent Dividend Reduction (Includes November …” on September 19, 2017. More interesting news about Prospect Capital Corporation (NASDAQ:PSEC) were released by: Seekingalpha.com and their article: “Prospect Capital: Time To Walk Away” published on October 10, 2017 as well as Seekingalpha.com‘s news article titled: “Prospect Capital: Buying Opportunity” with publication date: October 02, 2017.

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