Messner Smith Theme Value Investment Management Ltd Ca Lowers stake in Prospect Capital Corporation (PSEC)

Prospect Capital Corporation (PSEC) : Messner Smith Theme Value Investment Management Ltd Ca reduced its stake in Prospect Capital Corporation by 1.06% during the most recent quarter end. The investment management company now holds a total of 255,884 shares of Prospect Capital Corporation which is valued at $2,134,073 after selling 2,732 shares in Prospect Capital Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Prospect Capital Corporation makes up approximately 3.67% of Messner Smith Theme Value Investment Management Ltd Ca’s portfolio.

Other Hedge Funds, Including , Tower Research Capital (trc) boosted its stake in PSEC in the latest quarter, The investment management firm added 12,527 additional shares and now holds a total of 18,065 shares of Prospect Capital Corporation which is valued at $150,662. Prospect Capital Corporation makes up approx 0.01% of Tower Research Capital (trc)’s portfolio. Ipswich Investment Management sold out all of its stake in PSEC during the most recent quarter. The investment firm sold 1,700 shares of PSEC which is valued $14,161. James Investment Research Inc added PSEC to its portfolio by purchasing 56,180 company shares during the most recent quarter which is valued at $467,418. Prospect Capital Corporation makes up approx 0.01% of James Investment Research Inc’s portfolio.Gradient Investments boosted its stake in PSEC in the latest quarter, The investment management firm added 185 additional shares and now holds a total of 1,185 shares of Prospect Capital Corporation which is valued at $9,859.North Star Investment Management Corp. boosted its stake in PSEC in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 4,500 shares of Prospect Capital Corporation which is valued at $36,405. Prospect Capital Corporation makes up approx 0.01% of North Star Investment Management Corp.’s portfolio.

Prospect Capital Corporation closed down -0.04 points or -0.47% at $8.42 with 17,09,270 shares getting traded on Friday. Post opening the session at $8.42, the shares hit an intraday low of $8.4 and an intraday high of $8.4767 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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