Triumph Capital Management Boosts Holdings in Prospect Capital Co. (NASDAQ:PSEC)

Triumph Capital Management increased its holdings in Prospect Capital Co. (NASDAQ:PSEC) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,409 shares of the financial services provider’s stock after purchasing an additional 5,118 shares during the period. Triumph Capital Management’s holdings in Prospect Capital were worth $494,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in shares of Prospect Capital by 26.1% during the 4th quarter. Van ECK Associates Corp now owns 6,161,151 shares of the financial services provider’s stock worth $36,905,000 after acquiring an additional 1,276,762 shares in the last quarter. LSV Asset Management raised its holdings in shares of Prospect Capital by 1.4% during the 3rd quarter. LSV Asset Management now owns 1,737,254 shares of the financial services provider’s stock worth $10,510,000 after acquiring an additional 24,200 shares in the last quarter. XML Financial LLC raised its holdings in shares of Prospect Capital by 4.5% during the 3rd quarter. XML Financial LLC now owns 1,384,395 shares of the financial services provider’s stock worth $8,376,000 after acquiring an additional 59,551 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Prospect Capital by 7.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 614,524 shares of the financial services provider’s stock worth $3,718,000 after acquiring an additional 40,375 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC raised its holdings in shares of Prospect Capital by 1.3% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 567,771 shares of the financial services provider’s stock worth $3,435,000 after acquiring an additional 7,431 shares in the last quarter. 9.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Prospect Capital

In other Prospect Capital news, CFO Dask Kristin Lea Van acquired 5,000 shares of the business’s stock in a transaction on Monday, March 11th. The shares were bought at an average price of $5.44 per share, with a total value of $27,200.00. Following the transaction, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $54,400. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 26.69% of the stock is currently owned by corporate insiders.

Prospect Capital Stock Performance

NASDAQ PSEC opened at $5.25 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50 day moving average price is $5.48 and its 200-day moving average price is $5.70. Prospect Capital Co. has a fifty-two week low of $5.03 and a fifty-two week high of $6.69.

Prospect Capital (NASDAQ:PSEC) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The company had revenue of $210.94 million for the quarter, compared to the consensus estimate of $226.14 million. Prospect Capital had a positive return on equity of 13.48% and a negative net margin of 1.47%. On average, analysts forecast that Prospect Capital Co. will post 0.82 earnings per share for the current year.

Prospect Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, April 26th will be given a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 13.71%. The ex-dividend date is Thursday, April 25th. Prospect Capital’s dividend payout ratio (DPR) is presently -359.98%.

Wall Street Analysts Forecast Growth

PSEC has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on Prospect Capital from $5.50 to $5.75 and gave the stock an “underweight” rating in a report on Monday, January 29th. StockNews.com raised Prospect Capital from a “sell” rating to a “hold” rating in a research report on Friday, April 26th.

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.