Dimensional Fund Advisors LP Stake in Ladenburg Thalman Fin Svcs I (LTS) Has Increased by $642,993; Ares Management Cut Position in Prospect Capital (PSEC) as Stock Declined

May 23, 2018 - By Peter Erickson

Ladenburg Thalmann Financial Services Inc. (NYSEAMERICAN:LTS) Logo

Dimensional Fund Advisors Lp increased its stake in Ladenburg Thalman Fin Svcs I (LTS) by 9.17% based on its latest 2017Q4 regulatory filing with the SEC. Dimensional Fund Advisors Lp bought 214,331 shares as the company’s stock 0.00% . The institutional investor held 2.55M shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $8.06M, up from 2.34M at the end of the previous reported quarter. Dimensional Fund Advisors Lp who had been investing in Ladenburg Thalman Fin Svcs I for a number of months, seems to be bullish on the $741.64 million market cap company. The stock decreased 0.27% or $0.01 during the last trading session, reaching $3.7. About 5,424 shares traded. Ladenburg Thalmann Financial Services Inc. (NYSEMKT:LTS) has risen 33.06% since May 23, 2017 and is uptrending. It has outperformed by 21.51% the S&P500.

Ares Management Llc decreased its stake in Prospect Capital Corp (PSEC) by 34.36% based on its latest 2017Q4 regulatory filing with the SEC. Ares Management Llc sold 146,344 shares as the company’s stock declined 9.64% with the market. The institutional investor held 279,547 shares of the company at the end of 2017Q4, valued at $1.88M, down from 425,891 at the end of the previous reported quarter. Ares Management Llc who had been investing in Prospect Capital Corp for a number of months, seems to be less bullish one the $2.47 billion market cap company. The stock decreased 0.11% or $0.01 during the last trading session, reaching $6.79. About 105,905 shares traded. Prospect Capital Corporation (NASDAQ:PSEC) has declined 27.59% since May 23, 2017 and is downtrending. It has underperformed by 39.14% the S&P500.

Investors sentiment decreased to 0.7 in Q4 2017. Its down 0.29, from 0.99 in 2017Q3. It dropped, as 31 investors sold PSEC shares while 68 reduced holdings. 33 funds opened positions while 36 raised stakes. 46.56 million shares or 10.71% less from 52.14 million shares in 2017Q3 were reported. Private Advisor Limited Co reported 0.02% stake. Liberty Capital Mgmt holds 0.02% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC) for 4,850 shares. Blair William And Com Il invested in 13,000 shares or 0% of the stock. Hightower Advisors Limited Liability stated it has 0% in Prospect Capital Corporation (NASDAQ:PSEC). First Foundation Advsr reported 0.02% in Prospect Capital Corporation (NASDAQ:PSEC). Thompson Davis Co stated it has 0.01% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC). Lpl Ltd Company owns 274,451 shares. Envestnet Asset Management Inc owns 0% invested in Prospect Capital Corporation (NASDAQ:PSEC) for 12,152 shares. Balyasny Asset Lc invested in 0% or 11,015 shares. Cambridge holds 0.03% or 366,752 shares. Paragon Cap Limited accumulated 29,812 shares. Bb&T Ltd Liability Corp has invested 0% in Prospect Capital Corporation (NASDAQ:PSEC). Kistler stated it has 0.02% in Prospect Capital Corporation (NASDAQ:PSEC). California-based Messner Smith Theme Value Ca has invested 1.62% in Prospect Capital Corporation (NASDAQ:PSEC). Timber Hill Llc has invested 0.01% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC).

Among 9 analysts covering Prospect Capital Corporation (NASDAQ:PSEC), 1 have Buy rating, 2 Sell and 6 Hold. Therefore 11% are positive. Prospect Capital Corporation had 16 analyst reports since August 27, 2015 according to SRatingsIntel. The firm has “Hold” rating by Deutsche Bank given on Thursday, April 28. The rating was maintained by FBR Capital on Wednesday, August 31 with “Outperform”. The firm earned “Market Perform” rating on Thursday, May 11 by FBR Capital. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, May 31 report. On Thursday, February 11 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Underperform” rating given on Monday, January 11 by Wells Fargo. BMO Capital Markets maintained the shares of PSEC in report on Friday, November 10 with “Market Perform” rating. The stock of Prospect Capital Corporation (NASDAQ:PSEC) earned “Sell” rating by National Securities on Wednesday, July 20. The stock of Prospect Capital Corporation (NASDAQ:PSEC) has “Underperform” rating given on Thursday, February 11 by Raymond James. The firm has “Neutral” rating by National Securities given on Friday, January 29.

Analysts await Prospect Capital Corporation (NASDAQ:PSEC) to report earnings on August, 27. They expect $0.19 earnings per share, 0.00% or $0.00 from last year’s $0.19 per share. PSEC’s profit will be $69.06 million for 8.93 P/E if the $0.19 EPS becomes a reality. After $0.19 actual earnings per share reported by Prospect Capital Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Ares Management Llc, which manages about $35.87 billion and $3.14B US Long portfolio, upped its stake in Triangle Capital Corp (NYSE:TCAP) by 487,910 shares to 942,770 shares, valued at $8.95 million in 2017Q4, according to the filing.

More notable recent Prospect Capital Corporation (NASDAQ:PSEC) news were published by: Seekingalpha.com which released: “Cautious Prospect Capital up 1.25% after FQ3 beat” on May 09, 2018, also Streetinsider.com with their article: “Prospect Capital (PSEC) Reports Issuance of $103.5 Million of 4.95% Convertible Notes due 2022” published on May 18, 2018, Seekingalpha.com published: “Prospect Capital announces add-on notes offering” on May 15, 2018. More interesting news about Prospect Capital Corporation (NASDAQ:PSEC) were released by: Seekingalpha.com and their article: “Prospect Capital: Only Fools Jump In?” published on April 25, 2018 as well as Globenewswire.com‘s news article titled: “Prospect Capital Announces Public Offering of Convertible Notes due 2022” with publication date: May 15, 2018.

Since December 8, 2017, it had 25 insider purchases, and 0 insider sales for $21.04 million activity. On Friday, March 16 Barry John F bought $20,143 worth of Prospect Capital Corporation (NASDAQ:PSEC) or 3,100 shares. Stark Eugene S had bought 1,000 shares worth $6,500. The insider Van Dask Kristin Lea bought $24,293.

Dimensional Fund Advisors Lp, which manages about $241.23 billion US Long portfolio, decreased its stake in Ingersoll (NYSE:IR) by 33,024 shares to 2.15 million shares, valued at $191.74 million in 2017Q4, according to the filing. It also reduced its holding in Selective Ins Group Inc (NASDAQ:SIGI) by 119,408 shares in the quarter, leaving it with 4.31M shares, and cut its stake in Wal (NYSE:WMT).

Prospect Capital Corporation (NASDAQ:PSEC) Institutional Positions Chart

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