Carnegie Lake Advisors LLC Has $78,000 Stock Position in Prospect Capital Co. (NASDAQ:PSEC)

Carnegie Lake Advisors LLC cut its position in Prospect Capital Co. (NASDAQ:PSEC) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,115 shares of the financial services provider’s stock after selling 5,000 shares during the quarter. Carnegie Lake Advisors LLC’s holdings in Prospect Capital were worth $78,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. MWA Asset Management acquired a new stake in shares of Prospect Capital in the third quarter valued at about $53,000. Global Assets Advisory LLC bought a new stake in Prospect Capital during the 3rd quarter valued at approximately $64,000. Captrust Financial Advisors grew its holdings in Prospect Capital by 34.9% in the 3rd quarter. Captrust Financial Advisors now owns 14,247 shares of the financial services provider’s stock valued at $76,000 after buying an additional 3,686 shares during the last quarter. Merit Financial Group LLC bought a new position in Prospect Capital in the 4th quarter worth approximately $79,000. Finally, XTX Topco Ltd acquired a new position in shares of Prospect Capital during the third quarter worth approximately $88,000. Institutional investors own 9.06% of the company’s stock.

Insider Activity

In other Prospect Capital news, CEO John F. Barry bought 2,000,000 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were acquired at an average price of $4.29 per share, with a total value of $8,580,000.00. Following the completion of the purchase, the chief executive officer now directly owns 79,477,549 shares in the company, valued at $340,958,685.21. The trade was a 2.58 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO M Grier Eliasek purchased 210,000 shares of the business’s stock in a transaction on Friday, November 29th. The shares were acquired at an average price of $4.81 per share, with a total value of $1,010,100.00. Following the purchase, the chief operating officer now owns 2,131,130 shares of the company’s stock, valued at approximately $10,250,735.30. This trade represents a 10.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 5,273,173 shares of company stock worth $23,701,420. Company insiders own 27.10% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Prospect Capital from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

Prospect Capital Stock Performance

Shares of PSEC opened at $4.17 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.65. The company has a 50-day simple moving average of $4.33 and a 200-day simple moving average of $4.83. Prospect Capital Co. has a 52 week low of $4.09 and a 52 week high of $5.86.

Prospect Capital (NASDAQ:PSEC) last posted its quarterly earnings results on Friday, November 8th. The financial services provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. Prospect Capital had a positive return on equity of 12.19% and a negative net margin of 2.23%. The firm had revenue of $196.31 million during the quarter.

Prospect Capital Company Profile

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.