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

Carnegie Lake Advisors LLC decreased its position in shares of Prospect Capital Co. (NASDAQ:PSEC) by 21.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,115 shares of the financial services provider’s stock after selling 5,000 shares during the period. Carnegie Lake Advisors LLC’s holdings in Prospect Capital were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp grew its holdings in Prospect Capital by 23.3% during the 3rd quarter. Van ECK Associates Corp now owns 8,938,863 shares of the financial services provider’s stock worth $47,376,000 after acquiring an additional 1,690,290 shares during the last quarter. XML Financial LLC grew its stake in shares of Prospect Capital by 8.1% during the third quarter. XML Financial LLC now owns 2,044,448 shares of the financial services provider’s stock valued at $10,938,000 after purchasing an additional 153,180 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Prospect Capital by 344.0% in the third quarter. International Assets Investment Management LLC now owns 933,083 shares of the financial services provider’s stock valued at $4,992,000 after purchasing an additional 722,925 shares in the last quarter. D.A. Davidson & CO. raised its position in Prospect Capital by 2.6% in the 3rd quarter. D.A. Davidson & CO. now owns 299,078 shares of the financial services provider’s stock worth $1,600,000 after purchasing an additional 7,641 shares during the last quarter. Finally, Choreo LLC acquired a new position in Prospect Capital during the 4th quarter worth $1,086,000. Institutional investors own 9.06% of the company’s stock.

Insider Buying and Selling at Prospect Capital

In other news, COO M Grier Eliasek acquired 210,000 shares of Prospect Capital stock in a transaction that occurred 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 directly owns 2,131,130 shares of the company’s stock, valued at $10,250,735.30. The trade was a 10.93 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John F. Barry bought 205,900 shares of the stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of $4.40 per share, with a total value of $905,960.00. Following the purchase, the chief executive officer now directly owns 72,612,839 shares of the company’s stock, valued at approximately $319,496,491.60. This represents a 0.28 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 5,273,173 shares of company stock worth $23,701,420. Insiders own 27.10% of the company’s stock.

Analyst Upgrades and Downgrades

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

Prospect Capital Price Performance

Shares of NASDAQ:PSEC opened at $4.17 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.48 and a quick ratio of 0.48. Prospect Capital Co. has a 1-year low of $4.09 and a 1-year high of $5.86. The business has a 50-day moving average price of $4.33 and a two-hundred day moving average price of $4.83.

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

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.