Prospect Capital Corporation (PSEC) : Muzinich scooped up 101,075 additional shares in Prospect Capital Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 2,293,508 shares of Prospect Capital Corporation which is valued at $16,811,414.Prospect Capital Corporation makes up approximately 7.37% of Muzinich’s portfolio.
Prospect Capital Corporation opened for trading at $7.33 and hit $7.49 on the upside on Monday, eventually ending the session at $7.42, with a gain of 1.23% or 0.09 points. The heightened volatility saw the trading volume jump to 18,88,553 shares. Company has a market cap of $2,639 M.
Other Hedge Funds, Including , Gradient Investments added PSEC to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $7,330.Prospera Financial Services Inc boosted its stake in PSEC in the latest quarter, The investment management firm added 1,751 additional shares and now holds a total of 166,550 shares of Prospect Capital Corporation which is valued at $1,220,812. Prospect Capital Corporation makes up approx 0.27% of Prospera Financial Services Inc’s portfolio.Dnb Asset Management As reduced its stake in PSEC by selling 3,300 shares or 2.59% in the most recent quarter. The Hedge Fund company now holds 124,300 shares of PSEC which is valued at $911,119. Prospect Capital Corporation makes up approx 0.02% of Dnb Asset Management As’s portfolio.
On the company’s financial health, Prospect Capital Corporation reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.25.Analysts expectations of $ 197.44.During the same quarter in the previous year, the company posted $0.26 EPS.
Many Wall Street Analysts have commented on Prospect Capital Corporation. Shares were Reiterated by RBC Capital Mkts on Feb 11, 2016 to “Sector Perform” and Lowered the Price Target to $ 9 from a previous price target of $10 .Prospect Capital Corporation was Downgraded by Raymond James to ” Underperform” on Feb 11, 2016. Prospect Capital Corporation was Initiated by National Securities to “Neutral” on Jan 29, 2016.
Prospect Capital Corporation is a financial services company. The Company is a non-diversified 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. It 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 Company primarily lends to and invests in middle market privately-held companies. Its investments include 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 Company is managed by its investment adviser Prospect Capital Management L.P.