International Assets Investment Management LLC Acquires 6,350 Shares of Prospect Capital Co. (NASDAQ:PSEC)

International Assets Investment Management LLC boosted its holdings in Prospect Capital Co. (NASDAQ:PSEC – Get Rating) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,233 shares of the financial services provider’s stock after purchasing an additional 6,350 shares during the period. International Assets Investment Management LLC owned about 0.06% of Prospect Capital worth $1,815,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in shares of Prospect Capital in the 1st quarter valued at about $269,000. Millennium Management LLC grew its position in shares of Prospect Capital by 134.8% in the 2nd quarter. Millennium Management LLC now owns 46,291 shares of the financial services provider’s stock valued at $388,000 after acquiring an additional 179,279 shares during the period. Mackenzie Financial Corp grew its position in shares of Prospect Capital by 16.0% in the 3rd quarter. Mackenzie Financial Corp now owns 159,919 shares of the financial services provider’s stock valued at $1,231,000 after acquiring an additional 22,075 shares during the period. BlackRock Inc. grew its position in shares of Prospect Capital by 31.3% in the 3rd quarter. BlackRock Inc. now owns 2,370,190 shares of the financial services provider’s stock valued at $18,251,000 after acquiring an additional 565,410 shares during the period. Finally, CIBC Asset Management Inc grew its position in shares of Prospect Capital by 17.4% in the 3rd quarter. CIBC Asset Management Inc now owns 19,785 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 2,936 shares during the period. 7.69% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ PSEC traded up $0.22 during mid-day trading on Friday, reaching $7.67. 2,056,012 shares of the company were exchanged, compared to its average volume of 1,995,868. The company’s 50-day simple moving average is $8.07 and its 200-day simple moving average is $8.33. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $3.01 billion, a P/E ratio of 3.49 and a beta of 0.86. Prospect Capital Co. has a twelve month low of $7.29 and a twelve month high of $9.25.

Prospect Capital (NASDAQ:PSEC – Get Rating) last posted its earnings results on Tuesday, February 8th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $175.38 million during the quarter, compared to analysts’ expectations of $169.01 million. Prospect Capital had a net margin of 126.76% and a return on equity of 8.29%. During the same quarter last year, the company posted $0.21 EPS. As a group, equities research analysts expect that Prospect Capital Co. will post 0.8 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 21st. Shareholders of record on Monday, August 29th will be paid a $0.06 dividend. This represents a $0.72 annualized dividend and a yield of 9.39%. The ex-dividend date of this dividend is Friday, August 26th. Prospect Capital’s dividend payout ratio (DPR) is 32.73%.

A number of research analysts have recently commented on PSEC shares. Wells Fargo & Company decreased their price objective on shares of Prospect Capital from $7.00 to $6.50 and set an “underweight” rating for the company in a research report on Monday, April 25th. StockNews.com assumed coverage on shares of Prospect Capital in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research upgraded shares of Prospect Capital from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Prospect Capital currently has an average rating of “Hold” and an average target price of $7.38.

Prospect Capital Profile (Get Rating)

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.

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