Prospect Capital Co. (NASDAQ:PSEC) Stock Position Decreased by Centaurus Financial Inc.

Centaurus Financial Inc. lowered its holdings in Prospect Capital Co. (NASDAQ:PSEC – Get Rating) by 36.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,086 shares of the financial services provider’s stock after selling 38,487 shares during the period. Centaurus Financial Inc.’s holdings in Prospect Capital were worth $410,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Prospect Capital in the third quarter valued at $31,000. Private Trust Co. NA purchased a new stake in shares of Prospect Capital in the second quarter valued at $35,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Prospect Capital by 150.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 8,331 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 5,010 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Prospect Capital during the third quarter worth $53,000. Finally, Capasso Planning Partners LLC purchased a new stake in shares of Prospect Capital during the third quarter worth $62,000. Hedge funds and other institutional investors own 7.03% of the company’s stock.

Prospect Capital Price Performance

NASDAQ PSEC opened at $6.72 on Friday. Prospect Capital Co. has a fifty-two week low of $6.09 and a fifty-two week high of $8.63. The stock’s 50-day moving average is $7.36 and its two-hundred day moving average is $7.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $2.69 billion, a P/E ratio of 39.53 and a beta of 1.03.

Prospect Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 18th. Shareholders of record on Wednesday, April 26th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, April 25th. This represents a $0.72 annualized dividend and a yield of 10.71%. Prospect Capital’s dividend payout ratio (DPR) is currently 423.53%.

Analysts Set New Price Targets

Several analysts recently issued reports on PSEC shares. TheStreet upgraded Prospect Capital from a “c+” rating to a “b-” rating in a report on Wednesday, January 25th. Wells Fargo & Company increased their price objective on Prospect Capital from $6.00 to $6.50 and gave the stock an “underweight” rating in a report on Monday, February 13th. Finally, StockNews.com started coverage on Prospect Capital in a report on Thursday. They set a “sell” rating for the company.

Prospect Capital Company Profile

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Prospect Capital Corp. is a business development company. The firm engages in lending to and investing in private businesses. It is also involved in generating current income and long-term capital appreciation through debt and equity investments. The company was founded by Michael Grier Eliasek on April 13, 2004 and is headquartered in New York, NY.