Prospect Capital Corporation (PSEC) : Trustmark National Bank Trust Department reduced its stake in Prospect Capital Corporation by 9.43% during the most recent quarter end. The investment management company now holds a total of 960,467 shares of Prospect Capital Corporation which is valued at $7.3 Million after selling 100,000 shares in Prospect Capital Corporation , the firm said in a disclosure report filed with the SEC on May 12, 2016.Prospect Capital Corporation makes up approximately 0.99% of Trustmark National Bank Trust Department’s portfolio.
Other Hedge Funds, Including , Essex Financial Services boosted its stake in PSEC in the latest quarter, The investment management firm added 5,445 additional shares and now holds a total of 28,357 shares of Prospect Capital Corporation which is valued at $214,662. Prospect Capital Corporation makes up approx 0.05% of Essex Financial Services’s portfolio. Atlantic Trust Group added PSEC to its portfolio by purchasing 72,993 company shares during the most recent quarter which is valued at $552,557.Prentiss Smith Co Inc reduced its stake in PSEC by selling 1,800 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 1,800 shares of PSEC which is valued at $13,284. Prospect Capital Corporation makes up approx 0.01% of Prentiss Smith Co Inc’s portfolio. Sanders Morris Harris added PSEC to its portfolio by purchasing 151,867 company shares during the most recent quarter which is valued at $1.1 Million. Prospect Capital Corporation makes up approx 0.19% of Sanders Morris Harris’s portfolio.
Prospect Capital Corporation opened for trading at $7.49 and hit $7.51 on the upside on Friday, eventually ending the session at $7.46, with a gain of 0.40% or 0.03 points. The heightened volatility saw the trading volume jump to 15,20,273 shares. Company has a market cap of $2,659,027 M.
On the company’s financial health, Prospect Capital Corporation reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $0.26. The company had revenue of $189.50 million for the quarter, compared to analysts expectations of $195.34 million. The company’s revenue was down -1.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.
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.