Prospect Capital Corp (NASDAQ:PSEC) Institutional Investors 2019 Q2 Sentiment

Sentiment for Prospect Capital Corp (NASDAQ:PSEC)

Prospect Capital Corp (NASDAQ:PSEC) institutional sentiment increased to 0.91 in 2019 Q2. Its up 0.05, from 0.86 in 2019Q1. The ratio increased, as 58 active investment managers started new or increased positions, while 64 reduced and sold their stock positions in Prospect Capital Corp. The active investment managers in our partner’s database now own: 36.70 million shares, up from 35.88 million shares in 2019Q1. Also, the number of active investment managers holding Prospect Capital Corp in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 26 Reduced: 38 Increased: 38 New Position: 20.

Prospect Capital Corporation is a business development company. The company has market cap of $2.47 billion. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions. It has a 17.04 P/E ratio. It also makes real estate investments particularly in multi-family residential real estate asset class.

The stock increased 0.60% or $0.04 during the last trading session, reaching $6.73. About 2.32M shares traded or 44.16% up from the average. Prospect Capital Corporation (NASDAQ:PSEC) has declined 5.02% since September 12, 2018 and is downtrending. It has underperformed by 5.02% the S&P500.

Analysts await Prospect Capital Corporation (NASDAQ:PSEC) to report earnings on November, 5. They expect $0.19 earnings per share, down 17.39 % or $0.04 from last year’s $0.23 per share. PSEC’s profit will be $69.79 million for 8.86 P/E if the $0.19 EPS becomes a reality. After $0.19 actual earnings per share reported by Prospect Capital Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Muzinich & Co. Inc. holds 4.7% of its portfolio in Prospect Capital Corporation for 3.47 million shares. Camelot Portfolios Llc owns 645,413 shares or 1.74% of their US portfolio. Moreover, Mckinley Capital Management Llc Delaware has 0.35% invested in the company for 844,077 shares. The Connecticut-based Timber Hill Llc has invested 0.24% in the stock. Concorde Asset Management Llc, a Michigan-based fund reported 52,300 shares.

Since January 1, 0001, it had 8 insider buys, and 0 selling transactions for $9.73 million activity.

More notable recent Prospect Capital Corporation (NASDAQ:PSEC) news were published by: Seekingalpha.com which released: “Prospect Capital Corp.: Time To Tread Carefully – Seeking Alpha” on January 14, 2019, also Seekingalpha.com with their article: “Prospect sees potential for spreads to improve as LIBOR drops – Seeking Alpha” published on August 28, 2019, Globenewswire.com published: “Prospect Capital Reports March 2019 Quarterly Results and Declares Additional Monthly Distributions – GlobeNewswire” on May 08, 2019. More interesting news about Prospect Capital Corporation (NASDAQ:PSEC) were released by: Globenewswire.com and their article: “Prospect Capital Announces Pricing of $175 Million of 6.375% Convertible Notes due 2025 – GlobeNewswire” published on February 27, 2019 as well as Benzinga.com‘s news article titled: “38 Stocks Moving In Wednesday’s Mid-Day Session – Benzinga” with publication date: August 28, 2019.

Prospect Capital Corporation (NASDAQ:PSEC) Institutional Positions Chart

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