Contravisory Investment Management Inc. Has $142,000 Stake in Prospect Capital Co. (PSEC)

Contravisory Investment Management Inc. maintained its position in shares of Prospect Capital Co. (NASDAQ:PSEC) during the first quarter, Holdings Channel reports. The institutional investor owned 15,742 shares of the company’s stock at the end of the first quarter. Contravisory Investment Management Inc.’s holdings in Prospect Capital were worth $142,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PSEC. Ares Management LLC raised its position in shares of Prospect Capital by 68.0% in the third quarter. Ares Management LLC now owns 377,985 shares of the company’s stock worth $3,062,000 after buying an additional 152,985 shares during the period. California Public Employees Retirement System raised its position in shares of Prospect Capital by 122.9% in the third quarter. California Public Employees Retirement System now owns 54,600 shares of the company’s stock worth $442,000 after buying an additional 30,100 shares during the period. Muzinich & Co. Inc. raised its position in shares of Prospect Capital by 40.2% in the third quarter. Muzinich & Co. Inc. now owns 3,214,729 shares of the company’s stock worth $26,039,000 after buying an additional 921,221 shares during the period. HL Financial Services LLC raised its position in shares of Prospect Capital by 8.9% in the third quarter. HL Financial Services LLC now owns 231,678 shares of the company’s stock worth $1,877,000 after buying an additional 18,841 shares during the period. Finally, Allianz Asset Management AG raised its position in shares of Prospect Capital by 98.6% in the fourth quarter. Allianz Asset Management AG now owns 335,441 shares of the company’s stock worth $2,801,000 after buying an additional 166,513 shares during the period. Institutional investors own 13.23% of the company’s stock.

Institutional Ownership by Quarter for Prospect Capital (NASDAQ:PSEC)

Shares of Prospect Capital Co. (NASDAQ:PSEC) traded down 0.055% during trading on Monday, reaching $9.045. 149,475 shares of the company were exchanged. Prospect Capital Co. has a one year low of $7.07 and a one year high of $9.58. The stock has a 50-day moving average price of $9.19 and a 200-day moving average price of $8.43.

Prospect Capital (NASDAQ:PSEC) last announced its quarterly earnings data on Wednesday, February 8th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. Prospect Capital had a net margin of 47.32% and a return on equity of 9.96%. During the same period in the previous year, the business posted $0.28 earnings per share. Equities analysts anticipate that Prospect Capital Co. will post $0.94 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 20th. Stockholders of record on Friday, March 31st will be paid a $0.0833 dividend. The ex-dividend date is Wednesday, March 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.05%. Prospect Capital’s dividend payout ratio (DPR) is 101.01%.

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PSEC has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Prospect Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, January 11th. TheStreet raised shares of Prospect Capital from a “c+” rating to a “b” rating in a research note on Monday, February 13th. Finally, National Securities reissued a “sell” rating and set a $7.00 target price on shares of Prospect Capital in a research note on Monday, February 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Prospect Capital has a consensus rating of “Hold” and an average target price of $7.62.

In other Prospect Capital news, CFO Brian H. Oswald acquired 25,000 shares of the business’s stock in a transaction dated Monday, March 20th. The stock was bought at an average price of $9.31 per share, with a total value of $232,750.00. Following the purchase, the chief financial officer now owns 475,000 shares of the company’s stock, valued at $4,422,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.60% of the stock is currently owned by corporate insiders.

About Prospect Capital

Prospect Capital Corporation is a financial services company. The Company primarily lends to and invests in middle market privately held companies. The Company is a closed-end investment company. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.

5 Day Chart for NASDAQ:PSEC

Want to see what other hedge funds are holding PSEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Prospect Capital Co. (NASDAQ:PSEC).

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