1.15 is Prospect Capital Corp’s (NASDAQ:PSEC) Institutional Investor Sentiment

October 13, 2017 - By Darrin Black

 1.15 is Prospect Capital Corp's (NASDAQ:PSEC) Institutional Investor Sentiment

Sentiment for Prospect Capital Corp (NASDAQ:PSEC)

Prospect Capital Corp (NASDAQ:PSEC) institutional sentiment decreased to 1.15 in 2017 Q2. Its down -0.14, from 1.29 in 2017Q1. The ratio turned negative, as 84 institutional investors started new or increased equity positions, while 73 trimmed and sold stakes in Prospect Capital Corp. The institutional investors in our partner’s database now own: 51.61 million shares, down from 54.32 million shares in 2017Q1. Also, the number of institutional investors 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.

Analysts expect Prospect Capital Corporation (NASDAQ:PSEC) to report $0.19 EPS on November, 14.They anticipate $0.03 EPS change or 13.64 % from last quarter’s $0.22 EPS. PSEC’s profit would be $68.48 million giving it 8.25 P/E if the $0.19 EPS is correct. After having $0.19 EPS previously, Prospect Capital Corporation’s analysts see 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 buy, and 0 insider 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. Deutsche Bank downgraded the stock to “Hold” rating in Thursday, April 28 report. The stock of Prospect Capital Corporation (NASDAQ:PSEC) has “Underperform” rating given on Thursday, February 11 by Raymond James. BMO Capital Markets maintained it with “Hold” rating and $700 target in Wednesday, May 31 report. The stock of Prospect Capital Corporation (NASDAQ:PSEC) has “Sector Perform” rating given on Thursday, February 11 by RBC Capital Markets. The rating was downgraded by Wells Fargo on Monday, January 11 to “Underperform”. As per Thursday, May 11, the company rating was downgraded by FBR Capital. The stock of Prospect Capital Corporation (NASDAQ:PSEC) has “Outperform” rating given on Wednesday, August 31 by FBR Capital. On Wednesday, July 20 the stock rating was downgraded by National Securities to “Sell”. The firm earned “Hold” rating on Friday, October 6 by BMO Capital Markets. The rating was upgraded by Raymond James on Wednesday, August 30 to “Market Perform”.

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

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