XML Financial LLC Has $10.94 Million Stock Position in Prospect Capital Co. (NASDAQ:PSEC)

XML Financial LLC lifted its stake in shares of Prospect Capital Co. (NASDAQ:PSEC - Free Report) by 8.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,044,448 shares of the financial services provider's stock after purchasing an additional 153,180 shares during the period. Prospect Capital makes up about 1.0% of XML Financial LLC's holdings, making the stock its 23rd biggest position. XML Financial LLC owned 0.47% of Prospect Capital worth $10,938,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PSEC. Rothschild Investment LLC purchased a new position in shares of Prospect Capital during the second quarter valued at $27,000. Headlands Technologies LLC boosted its holdings in Prospect Capital by 2,266.9% in the first quarter. Headlands Technologies LLC now owns 7,574 shares of the financial services provider's stock worth $42,000 after purchasing an additional 7,254 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Prospect Capital during the third quarter worth approximately $64,000. Empowered Funds LLC acquired a new position in Prospect Capital during the first quarter valued at approximately $73,000. Finally, Family Wealth Partners LLC bought a new position in shares of Prospect Capital in the third quarter valued at approximately $74,000. Institutional investors and hedge funds own 9.06% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PSEC. StockNews.com cut Prospect Capital from a "hold" rating to a "sell" rating in a research report on Friday, August 30th. Wells Fargo & Company lowered their price objective on Prospect Capital from $5.00 to $4.50 and set an "underweight" rating on the stock in a research note on Friday, August 30th.

Prospect Capital Stock Down 14.5 %

Shares of PSEC traded down $0.76 during trading hours on Friday, hitting $4.47. The stock had a trading volume of 22,355,294 shares, compared to its average volume of 1,836,007. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.66. The company's fifty day moving average is $5.26 and its two-hundred day moving average is $5.36. Prospect Capital Co. has a 52 week low of $4.39 and a 52 week high of $6.30.

Prospect Capital (NASDAQ:PSEC - Get Free Report) last announced its earnings results on Wednesday, August 28th. The financial services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.18 by $0.07. The business had revenue of $212.26 million for the quarter. Prospect Capital had a return on equity of 13.53% and a net margin of 28.07%. During the same period in the previous year, the firm earned $0.23 earnings per share.

Prospect Capital Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, October 29th will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, October 29th. This represents a $0.72 annualized dividend and a yield of 16.11%. Prospect Capital's dividend payout ratio (DPR) is -276.92%.

About Prospect Capital

Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions.