Prospect Capital (PSEC)’s CHIEF EXECUTIVE OFFICER John Barry Bought $2.81 million of the Company; Last Week Strad Energy Services Ltd. (TSE:SDY) Coverage

December 20, 2017 - By Stephen Andrade

John Barry, the well informed man, who serves as a CHIEF EXECUTIVE OFFICER of Prospect Capital Corp bought just 408,207 shares of the firm valued by the market at roughly $2.81 million U.S Dollars [Bold1][Based1] 6.9 U.S Dollars for a share. It seems he is very active lately as in the last month, he silently acquired additional 5.34 million shares of the company, worth $36.56 million USD. The probability of this transaction staying a secret is very low due to its magnitude, with the CHIEF EXECUTIVE OFFICER today possessing 30.12 million shares — that is 10%+ of the stock market capitalization of the company.

Among 2 analysts covering Strad Energy Services Ltd (TSE:SDY), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Strad Energy Services Ltd had 5 analyst reports since September 8, 2015 according to SRatingsIntel. The firm has “Strong Buy” rating by Raymond James given on Thursday, March 2. See Strad Energy Services Ltd. (TSE:SDY) latest ratings:

Since December 8, 2017, it had 11 buys, and 0 sales for $9.69 million activity. On Thursday, December 14 Barry John F bought $2.51 million worth of Prospect Capital Corporation (NASDAQ:PSEC) or 368,756 shares. Shares for $68,200 were bought by Eliasek M Grier on Wednesday, December 13.

The stock increased 0.72% or $0.05 during the last trading session, reaching $6.96. About 1.71 million shares traded. Prospect Capital Corporation (NASDAQ:PSEC) has risen 10.36% since December 20, 2016 and is uptrending. It has underperformed by 6.34% the S&P500.

Analysts await Prospect Capital Corporation (NASDAQ:PSEC) to report earnings on February, 14. They expect $0.18 EPS, down 25.00% or $0.06 from last year’s $0.24 per share. PSEC’s profit will be $64.86M for 9.67 P/E if the $0.18 EPS becomes a reality. After $0.18 actual EPS reported by Prospect Capital Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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 has $10.50 highest and $6 lowest target. $8.50’s average target is 22.13% above currents $6.96 stock price. Prospect Capital Corporation had 16 analyst reports since August 27, 2015 according to SRatingsIntel. The rating was downgraded by FBR Capital to “Market Perform” on Thursday, May 11. National Securities downgraded the stock to “Sell” rating in Wednesday, July 20 report. BMO Capital Markets maintained Prospect Capital Corporation (NASDAQ:PSEC) rating on Wednesday, August 23. BMO Capital Markets has “Hold” rating and $7.0 target. The stock of Prospect Capital Corporation (NASDAQ:PSEC) has “Outperform” rating given on Wednesday, August 31 by FBR Capital. RBC Capital Markets maintained it with “Sector Perform” rating and $9 target in Thursday, February 11 report. The rating was initiated by National Securities with “Neutral” on Friday, January 29. The stock has “Hold” rating by Deutsche Bank on Thursday, April 28. The stock has “Underperform” rating by Raymond James on Thursday, February 11. BMO Capital Markets maintained Prospect Capital Corporation (NASDAQ:PSEC) on Wednesday, May 31 with “Hold” rating. On Friday, October 6 the stock rating was maintained by BMO Capital Markets with “Hold”.

Investors sentiment decreased to 0.99 in Q2 2017. Its down 0.16, from 1.15 in 2017Q1. It turned negative, as 25 investors sold Prospect Capital Corporation shares while 48 reduced holdings. 24 funds opened positions while 60 raised stakes. 51.61 million shares or 4.98% less from 54.32 million shares in 2017Q1 were reported. Invesco invested in 0.01% or 2.24M shares. Advisory Ntwk Ltd holds 0.02% or 17,741 shares in its portfolio. Phocas accumulated 712 shares or 0% of the stock. D E Shaw & Incorporated has 0.01% invested in Prospect Capital Corporation (NASDAQ:PSEC). American National Registered Advisor has 0.19% invested in Prospect Capital Corporation (NASDAQ:PSEC) for 54,700 shares. Wells Fargo And Co Mn reported 0% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC). Ahl Partners Limited Liability Partnership owns 190,484 shares for 0.03% of their portfolio. Macquarie Group Incorporated invested in 0% or 160,841 shares. Raymond James Trust Na holds 20,050 shares. Citigroup has invested 0% in Prospect Capital Corporation (NASDAQ:PSEC). Private Advisor Grp Inc Lc owns 0.02% invested in Prospect Capital Corporation (NASDAQ:PSEC) for 98,170 shares. Baystate Wealth Mngmt Lc invested in 0% or 1,142 shares. Moreover, Stratos Wealth Prtnrs has 0.02% invested in Prospect Capital Corporation (NASDAQ:PSEC). Sequoia Fincl Advsr Ltd Liability Corporation, a Ohio-based fund reported 29,185 shares. Americafirst Limited Liability stated it has 46,566 shares or 0.48% of all its holdings.

The stock increased 2.00% or $0.03 during the last trading session, reaching $1.53. About 31,400 shares traded or 10.82% up from the average. Strad Energy Services Ltd. (TSE:SDY) has 0.00% since December 20, 2016 and is . It has underperformed by 16.70% the S&P500.

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