Prospect Capital Corporation (NASDAQ:PSEC) is expected to pay $0.08 on Dec 22, 2016. The indicated annual dividend is $1.00. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Prospect Capital Corporation’s current price of $8.20, the dividend is 1.01%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 9, 2016. The stock increased 1.36% or $0.11 on November 25, hitting $8.2. About 2.11M shares traded hands or 3.43% up from the average. Prospect Capital Corporation (NASDAQ:PSEC) has risen 7.47% since April 25, 2016 and is uptrending. It has outperformed by 1.46% the S&P500.
Prospect Capital Corporation is a financial services company. The company has a market cap of $2.98 billion. The Firm primarily lends to and invests in middle market privately held companies. It has a 18.68 P/E ratio. The Firm is a closed-end investment company.
Insitutional Activity: The institutional sentiment increased to 1.35 in Q2 2016. Its up 0.36, from 0.99 in 2016Q1. The ratio is positive, as 29 funds sold all Prospect Capital Corporation shares owned while 49 reduced positions. 15 funds bought stakes while 62 increased positions. They now own 36.56 million shares or 6.07% less from 38.92 million shares in 2016Q1.
Westport Resources holds 0.01% or 4,500 shares in its portfolio. Highlander Limited Liability Company holds 0.32% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC) for 44,400 shares. Dnb Asset Management As, a Norway-based fund reported 131,500 shares. Stifel reported 135,037 shares or 0% of all its holdings. Ftb Advsrs Incorporated accumulated 0% or 1,000 shares. Deutsche Bank Ag last reported 680,061 shares in the company. Hudock Group Llc has 0% invested in the company for 562 shares. Bancshares Of Montreal Can has 0.04% invested in the company for 4.15M shares. Smithfield last reported 0.01% of its portfolio in the stock. Radcliffe Mgmt Lp reported 24,000 shares or 0.05% of all its holdings. Kempner Cap reported 15,600 shares or 0.08% of all its holdings. Muzinich holds 8.21% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC) for 2.29M shares. Moreover, Pvg Asset Mgmt has 0% invested in Prospect Capital Corporation (NASDAQ:PSEC) for 350,070 shares. Citadel Advsr Ltd holds 0% or 132,585 shares in its portfolio. Ameriprise Finance Inc holds 0% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC) for 50,580 shares.
Insider Transactions: Since September 1, 2016, the stock had 4 insider purchases, and 0 selling transactions for $63,700 net activity. The insider Stark Eugene S bought 1,000 shares worth $7,650. OSWALD BRIAN H also bought $31,400 worth of Prospect Capital Corporation (NASDAQ:PSEC) on Tuesday, September 13.
Prospect Capital Corporation (NASDAQ:PSEC) Ratings Coverage
Out of 8 analysts covering Prospect Capital Corporation (NASDAQ:PSEC), 2 rate it a “Buy”, 3 “Sell”, while 3 “Hold”. This means 25% are positive. Prospect Capital Corporation has been the topic of 10 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, February 11 by Raymond James. The firm has “Sell” rating given on Wednesday, July 20 by National Securities. The company was maintained on Wednesday, August 31 by FBR Capital. The firm has “Neutral” rating given on Friday, January 29 by National Securities. The firm has “Underperform” rating by Wells Fargo given on Monday, January 11. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, February 11. The company was downgraded on Thursday, April 28 by Deutsche Bank.
More important recent Prospect Capital Corporation (NASDAQ:PSEC) news were published by: Seekingalpha.com which released: “Prospect Capital: Is It Panic Time? Not Really” on November 22, 2016, also Seekingalpha.com published article titled: “Prospect Capital: Red Flags”, Nasdaq.com published: “Prospect Capital Corporation (PSEC) Ex-Dividend Date Scheduled for November 28 …” on November 25, 2016. More interesting news about Prospect Capital Corporation (NASDAQ:PSEC) was released by: Seekingalpha.com and their article: “Prospect Capital: Panic And Hysteria” with publication date: November 14, 2016.
PSEC Company Profile
Prospect Capital Corporation, incorporated on April 13, 2004, is a financial services company. The Firm primarily lends to and invests in middle market privately held companies. The Firm is a closed-end investment company. The Company’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The Firm invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. The Firm works with the management teams or financial sponsors to seek investments with historical cash flows, asset collateral or contracted pro-forma cash flows. The Firm makes investments, including lending in private equity sponsored transactions, lending directly to companies not owned by private equity firms, control investments in corporate operating companies, control investments in financial companies, investments in structured credit, real estate investments, investments in syndicated debt, aircraft leasing and online lending. The Firm is managed by its investment advisor, Prospect Capital Management L.P.
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