First Midwest Bank Trust Division Has $329,000 Stake in Prospect Capital Corporation (NASDAQ:PSEC)

First Midwest Bank Trust Division lowered its position in Prospect Capital Corporation (NASDAQ:PSEC) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 40,486 shares of the financial services provider’s stock after selling 171 shares during the period. First Midwest Bank Trust Division’s holdings in Prospect Capital Corporation were worth $329,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Atria Investments LLC bought a new position in Prospect Capital Corporation during the second quarter worth about $104,000. CFO4Life Group LLC acquired a new position in shares of Prospect Capital Corporation during the first quarter valued at about $106,000. Regal Investment Advisors LLC boosted its position in shares of Prospect Capital Corporation by 25.1% in the first quarter. Regal Investment Advisors LLC now owns 14,099 shares of the financial services provider’s stock valued at $127,000 after buying an additional 2,825 shares during the period. Blair William & Co. IL boosted its position in shares of Prospect Capital Corporation by 37.3% in the first quarter. Blair William & Co. IL now owns 13,725 shares of the financial services provider’s stock valued at $129,000 after buying an additional 3,725 shares during the period. Finally, Global X Management Co. LLC boosted its stake in Prospect Capital Corporation by 50.9% in the first quarter. Global X Management Co. LLC now owns 15,479 shares of the financial services provider’s stock valued at $140,000 after buying an additional 5,223 shares during the period. Institutional investors and hedge funds own 16.45% of the company’s stock.

Prospect Capital Corporation (NASDAQ PSEC) opened at 7.15 on Friday. The stock has a 50 day moving average of $8.07 and a 200-day moving average of $8.62. Prospect Capital Corporation has a 52-week low of $7.07 and a 52-week high of $9.58.

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Several research firms have recently weighed in on PSEC. Zacks Investment Research cut shares of Prospect Capital Corporation from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 13th. BidaskClub lowered shares of Prospect Capital Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. National Securities reissued a “sell” rating and set a $7.00 price target on shares of Prospect Capital Corporation in a research report on Monday, May 15th. FBR & Co lowered shares of Prospect Capital Corporation from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $9.50 to $8.50 in a research report on Thursday, May 11th. Finally, BMO Capital Markets restated a “hold” rating and set a $7.00 price objective on shares of Prospect Capital Corporation in a report on Thursday, June 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Prospect Capital Corporation has a consensus rating of “Hold” and an average target price of $8.04.

Prospect Capital Corporation Company Profile

Prospect Capital Corporation is a financial services company. The Company primarily lends to and invests in middle market privately held companies. The Company is a closed-end investment company. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.

Institutional Ownership by Quarter for Prospect Capital Corporation (NASDAQ:PSEC)

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