Vanguard Capital Wealth Advisors Trims Position in Prospect Capital Co. (NASDAQ:PSEC)

Vanguard Capital Wealth Advisors lessened its stake in shares of Prospect Capital Co. (NASDAQ:PSEC) by 33.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,563 shares of the financial services provider’s stock after selling 6,740 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Prospect Capital were worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of PSEC. Rothschild Investment LLC purchased a new position in shares of Prospect Capital during the 2nd quarter worth $27,000. Headlands Technologies LLC raised its holdings in Prospect Capital by 2,266.9% in the 1st quarter. Headlands Technologies LLC now owns 7,574 shares of the financial services provider’s stock valued at $42,000 after buying an additional 7,254 shares during the period. Edge Financial Advisors LLC purchased a new stake in Prospect Capital in the 1st quarter valued at about $55,000. Global Assets Advisory LLC purchased a new stake in Prospect Capital in the 3rd quarter valued at about $64,000. Finally, Cutter & CO Brokerage Inc. purchased a new stake in Prospect Capital in the 1st quarter valued at about $65,000. Hedge funds and other institutional investors own 9.06% of the company’s stock.

Prospect Capital Stock Down 2.1 %

Shares of NASDAQ:PSEC opened at $5.22 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $2.26 billion, a PE ratio of 15.35 and a beta of 1.00. The firm’s 50-day moving average is $5.26 and its two-hundred day moving average is $5.37. Prospect Capital Co. has a 1 year low of $4.69 and a 1 year high of $6.30.

Prospect Capital (NASDAQ:PSEC) last issued its quarterly earnings results on Wednesday, August 28th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. Prospect Capital had a net margin of 28.07% and a return on equity of 13.53%. The company had revenue of $212.26 million for the quarter. During the same quarter last year, the company earned $0.23 earnings per share.

Prospect Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 19th. Shareholders of record on Tuesday, October 29th will be given a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 13.79%. The ex-dividend date of this dividend is Tuesday, October 29th. Prospect Capital’s dividend payout ratio is presently 211.76%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. StockNews.com lowered shares of Prospect Capital from a “hold” rating to a “sell” rating in a report on Friday, August 30th. Wells Fargo & Company reduced their price objective on shares of Prospect Capital from $5.00 to $4.50 and set an “underweight” rating on the stock in a report on Friday, August 30th.

Prospect Capital Company Profile

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.