Nie sú, ale insideri kupujú a hedge fondy takisto.
Análi: Prospect Capital (NASDAQ:PSEC) Upgraded by BidaskClub to "Sell"
Vravím si aký upgrade môže byť na SELL
? No predsa zo STRONG SELL.
To sú blázni tí análi, lebo nevyzerá tak zle.
Takže upgrade SELL je z 11 mája a ešte tu máme jeden downgrade z 20 apríla:
Prospect Capital (PSEC) downgraded to Underperform from Mkt Perform at Raymond James.
Všimnite si ako insideri nakupovali ked trhy klesali:
COO M Grier Eliasek acquired 100,000 shares of the business's stock in a transaction dated Tuesday, March 24th. The stock was bought at an average cost of $4.82 per share, for a total transaction of $482,000.00. Following the completion of the transaction, the chief operating officer now owns 1,352,196 shares of the company's stock, valued at $6,517,584.72.
Also, CEO John F. Barry acquired 342,112 shares of the business's stock in a transaction dated Tuesday, March 24th. The stock was purchased at an average price of $4.82 per share, with a total value of $1,648,979.84. Following the completion of the transaction, the chief executive officer now directly owns 68,523,721 shares of the company's stock, valued at approximately $330,284,335.22.
Insiders bought 11,764,468 shares of company stock valued at $55,080,452 over the last 90 days. 25.80% of the stock is owned by company insiders.Hedge fondy nakupovali:
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rowland Carmichael Advisors Inc. ADV
raised its stake in Prospect Capital by 7.9% in the fourth quarter. Rowland Carmichael Advisors Inc. ADV now owns 24,510 shares of the financial services provider's stock valued at $158,000 after purchasing an additional 1,800 shares in the last quarter.
Dean Capital Investments Management LLC
raised its stake in Prospect Capital by 2.3% in the fourth quarter. Dean Capital Investments Management LLC now owns 81,979 shares of the financial services provider's stock valued at $528,000 after purchasing an additional 1,812 shares in the last quarter.
NEXT Financial Group Inc
raised its stake in Prospect Capital by 78.4% in the fourth quarter. NEXT Financial Group Inc now owns 4,193 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 1,843 shares in the last quarter.
Eqis Capital Management Inc
. raised its stake in Prospect Capital by 15.6% in the fourth quarter. Eqis Capital Management Inc. now owns 21,328 shares of the financial services provider's stock valued at $137,000 after purchasing an additional 2,873 shares in the last quarter.
Finally, Carmichael Hill & Associates Inc. purchased a new stake in Prospect Capital in the fourth quarter valued at approximately $26,000.
14.77% of the stock is currently owned by institutional investors and hedge funds.
Mňa zaujali 2 veci. Tento typ korporácie vypláca väčšinu ziskov cez dividendy.
Dividendu má riadne vysokú: 14,2% p.a.CEO nielen kupoval, ale je najväčší akcionár. 12 mája napísal svojím akcionárom list:
Since 1988, when Prospect Capital Management launched our first public fund, we have weathered stock market crashes, credit market dislocations, liquidity crunches, SARS, MERS, H1N1, and now the Wuhan virus. Learning something from each challenge has made us better stewards of your savings.
Starting two years ago, we began reducing debt at Prospect Capital Corporation (“Prospect”).
We were the only large traded BDC not to quickly elect a lower minimum asset coverage, which would have enabled us to add leverage and grow assets, but only by taking on more risk.When the virus hit, we carried less leverage than almost any other large seasoned BDC.
Because of our decision to de-risk, the virus caused our NAV per share to decline 7.9% versus a 13.7% median traded BDC NAV per share decline.Prospect continues to hold investment grade ratings from Standard & Poor’s, Moody’s, Kroll, and Egan Jones. Only one other BDC has four investment grade ratings.De-risking Prospect protected our NII and distribution.
For the 3/31/20 quarter, we earned $68.5 million of NII and paid $66.2 million in distributions. Today, we are declaring distributions for the next four months at the same rate as the past 32 months.
While I believe asset values and our NAV should reflate from the 3/23/20 low in the S&P 500, which as of May 8, 2020 is up 31% (and the VIX down 51%), we are staying true to the strategy that has served us well since 1988, managing portfolio risk to protect capital entrusted to us and generate shareholder earnings.
As in 2009 when we purchased Patriot Capital, market dislocations are presenting investment opportunities. To provide more financial flexibility, we elected 150% minimum regulatory asset coverage and, as in the past, are seeking approval from shareholders for a one-year option to issue shares below NAV, which enabled us to acquire Patriot.
As Prospect’s largest shareholder, I want to increase our NAV, NII, and share price. I believe we now have tools in place to achieve that goal. Should investors see a steadily increasing NAV and NII, we may see our stock price respond.
Warm regards,
John F. Barry III
Chairman and Chief Executive Officer
Vybral som z googlu o ňom:
John F. Barry III is an American entrepreneur, philanthropist, and business executive. He is the CEO of Prospect Capital, an alternative asset management company founded in 1988.[1] Prior to Prospect Capital, he had management careers with L.F. Rothschild and Merrill Lynch. Barry initially started his career as an attorney at Davis Polk & Wardwell and prior to this worked as a law clerk for J. Edward Lumbard.[2] He has sat on the boards of numerous organizations and served as Chairman of the Board at the Mathematics Foundation of America from 1999 until 2011P.S. Fundamentálne forward P/E okolo 10 je fajn. Dlh vyzerá byť OK. Technicky pekný support je pri 4,50 ktorý akcia spravila po breakoute. Mne sa páči...firma s 32 ročnou históriou, kde má CEO celý rodinný majetok...Ovšem najradšej by som ju zobral keby sa vrátila trochu dole, niekde
pri cene 4,50.