2017 Q2 Sentiment Prospect Capital Corp (NASDAQ:PSEC)

October 13, 2017 - By Ellis Scott

  2017 Q2 Sentiment Prospect Capital Corp (NASDAQ:PSEC)

Sentiment for Prospect Capital Corp (NASDAQ:PSEC)

Prospect Capital Corp (NASDAQ:PSEC) institutional sentiment decreased to 1.15 in Q2 2017. Its down -0.14, from 1.29 in 2017Q1. The ratio has worsened, as 84 investment professionals increased or opened new equity positions, while 73 trimmed and sold stakes in Prospect Capital Corp. The investment professionals in our partner’s database now have: 51.61 million shares, down from 54.32 million shares in 2017Q1. Also, the number of investment professionals holding Prospect Capital Corp in their top 10 equity positions decreased from 3 to 2 for a decrease of 1. Sold All: 25 Reduced: 48 Increased: 60 New Position: 24.

Prospect Capital Corporation is a financial services company. The company has market cap of $2.26 billion. The Firm primarily lends to and invests in middle market privately held companies. It has a 8.89 P/E ratio. The Firm is a closed-end investment company.

The stock increased 0.80% or $0.05 during the last trading session, reaching $6.27. About 3.26 million shares traded or 12.41% up from the average. Prospect Capital Corporation (NASDAQ:PSEC) has risen 10.36% since October 13, 2016 and is uptrending. It has underperformed by 6.34% the S&P500.

Wall Street await Prospect Capital Corporation (NASDAQ:PSEC) to release earnings on November, 14. Analysts forecast EPS of $0.19, down exactly $0.03 or 13.64 % from 2014’s $0.22 EPS. The expected PSEC’s profit could reach $68.48 million giving the stock 8.25 P/E in the case that $0.19 earnings per share is reported. After posting $0.19 EPS for the previous quarter, Prospect Capital Corporation’s analysts now forecast 0.00 % EPS growth.

Muzinich & Co. Inc. holds 7.36% of its portfolio in Prospect Capital Corporation for 10.37 million shares. Camelot Portfolios Llc owns 665,323 shares or 2.67% of their US portfolio. Moreover, Messner & Smith Theme Value Investment Management Ltd Ca has 2.39% invested in the company for 168,990 shares. The Tennessee-based Barnett & Company Inc. has invested 1.72% in the stock. Beck Capital Management Llc, a Texas-based fund reported 336,129 shares.#img1#

Since January 1, 0001, it had 1 insider purchase, and 0 sales for $35,847 activity.

Prospect Capital Corporation (NASDAQ:PSEC) Ratings Coverage

Ratings analysis reveals 11% of Prospect Capital Corporation’s analysts are positive. Out of 9 Wall Street analysts rating Prospect Capital Corporation, 1 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $7.0 while the high is $10.50. The stock’s average target of $8.70 is 38.76% above today’s ($6.27) share price. PSEC was included in 15 notes of analysts from August 27, 2015. The stock has “Underperform” rating by Wells Fargo on Monday, January 11. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, May 31. The company was initiated on Friday, January 29 by National Securities. The firm has “Market Perform” rating by Raymond James given on Wednesday, August 30. As per Thursday, May 11, the company rating was downgraded by FBR Capital. The stock of Prospect Capital Corporation (NASDAQ:PSEC) earned “Sector Perform” rating by RBC Capital Markets on Thursday, February 11. FBR Capital maintained the stock with “Outperform” rating in Wednesday, August 31 report. BMO Capital Markets maintained the shares of PSEC in report on Friday, October 6 with “Hold” rating. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, August 23. The stock has “Hold” rating by Deutsche Bank on Thursday, April 28.

More notable recent Prospect Capital Corporation (NASDAQ:PSEC) news were published by: Seekingalpha.com which released: “Explaining Prospect Capital’s Recent Dividend Reduction (Includes November …” on September 19, 2017, also Nasdaq.com with their article: “Prospect Capital Corporation (PSEC) Ex-Dividend Date Scheduled for September …” published on September 27, 2017, Globenewswire.com published: “Prospect Capital Purchases $32 Million of First Lien Senior Secured Floating …” on October 02, 2017. More interesting news about Prospect Capital Corporation (NASDAQ:PSEC) were released by: Seekingalpha.com and their article: “Prospect Capital: Time To Walk Away” published on October 10, 2017 as well as Seekingalpha.com‘s news article titled: “Prospect Capital: Buying Opportunity” with publication date: October 02, 2017.

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