Lsv Asset Management Increased Prospect Capital (PSEC) Position; Dana Investment Advisors Has Decreased Its Stake in Home Bancshares (HOMB) by $2.31 Million

May 18, 2018 - By Linda Rogers

Lsv Asset Management increased its stake in Prospect Capital Corporation (PSEC) by 12.73% based on its latest 2017Q4 regulatory filing with the SEC. Lsv Asset Management bought 217,900 shares as the company’s stock declined 9.64% with the market. The institutional investor held 1.93 million shares of the company at the end of 2017Q4, valued at $13.01 million, up from 1.71 million at the end of the previous reported quarter. Lsv Asset Management who had been investing in Prospect Capital Corporation for a number of months, seems to be bullish on the $2.41 billion market cap company. It closed at $6.62 lastly. It is up 27.59% since May 18, 2017 and is downtrending. It has underperformed by 39.14% the S&P500.

Dana Investment Advisors Inc decreased its stake in Home Bancshares Inc (HOMB) by 61.2% based on its latest 2017Q4 regulatory filing with the SEC. Dana Investment Advisors Inc sold 100,249 shares as the company’s stock declined 4.30% with the market. The institutional investor held 63,568 shares of the finance company at the end of 2017Q4, valued at $1.48 million, down from 163,817 at the end of the previous reported quarter. Dana Investment Advisors Inc who had been investing in Home Bancshares Inc for a number of months, seems to be less bullish one the $4.13B market cap company. The stock decreased 0.13% or $0.03 during the last trading session, reaching $23.79. About 744,092 shares traded. Home Bancshares, Inc. (NASDAQ:HOMB) has declined 16.14% since May 18, 2017 and is downtrending. It has underperformed by 27.69% the S&P500.

Since February 6, 2018, it had 2 insider buys, and 4 selling transactions for $8.33 million activity. $82,859 worth of stock was sold by Carter Russell Davis III on Tuesday, May 8. ALLISON JOHN W also bought $426,400 worth of Home Bancshares, Inc. (NASDAQ:Conway, AR) shares. Another trade for 500 shares valued at $11,721 was bought by Adams Milburn. Hinkle James G also sold $571,355 worth of Home Bancshares, Inc. (NASDAQ:Conway, AR) shares.

Dana Investment Advisors Inc, which manages about $4.48B and $2.30B US Long portfolio, upped its stake in Fedex Corp (NYSE:FDX) by 61,363 shares to 100,334 shares, valued at $25.04M in 2017Q4, according to the filing. It also increased its holding in Starwood Ppty Tr Inc (NYSE:STWD) by 67,872 shares in the quarter, for a total of 1.35M shares, and has risen its stake in Exxon Mobil Corp (NYSE:XOM).

Among 12 analysts covering Home Bancshares Inc. (NASDAQ:HOMB), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Home Bancshares Inc. had 41 analyst reports since July 20, 2015 according to SRatingsIntel. The stock of Home Bancshares, Inc. (NASDAQ:Conway, AR) earned “Neutral” rating by Merion Capital on Friday, November 13. As per Thursday, July 20, the company rating was maintained by Stephens. The firm has “Buy” rating by Stephens given on Friday, January 19. Keefe Bruyette & Woods maintained the shares of HOMB in report on Thursday, December 21 with “Buy” rating. The firm has “Hold” rating by Sandler O’Neill given on Wednesday, March 28. On Friday, September 1 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Keefe Bruyette & Woods maintained the shares of HOMB in report on Thursday, January 18 with “Buy” rating. On Thursday, July 20 the stock rating was maintained by Piper Jaffray with “Hold”. The stock has “Buy” rating by Wood on Tuesday, August 25. Piper Jaffray maintained the stock with “Hold” rating in Tuesday, October 24 report.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 2.06, from 3.12 in 2017Q3. It is negative, as 39 investors sold HOMB shares while 66 reduced holdings. 33 funds opened positions while 78 raised stakes. 108.05 million shares or 49.86% less from 215.48 million shares in 2017Q3 were reported. Cambridge Invest Advisors holds 0% of its portfolio in Home Bancshares, Inc. (NASDAQ:Conway, AR) for 8,806 shares. Regions Fin stated it has 41,513 shares or 0.01% of all its holdings. 7,890 are held by Northwestern Mutual Wealth Com. Rhumbline Advisers reported 307,728 shares. Landscape Capital Management Ltd Liability Co reported 37,660 shares stake. Gru One Trading Ltd Partnership accumulated 1,100 shares. Zebra Limited Liability Corporation has 0.26% invested in Home Bancshares, Inc. (NASDAQ:Conway, AR). Asset Management invested 0.01% in Home Bancshares, Inc. (NASDAQ:Conway, AR). Goldman Sachs Grp, a New York-based fund reported 2.92 million shares. Matarin Capital Mgmt Ltd Liability reported 0.45% of its portfolio in Home Bancshares, Inc. (NASDAQ:Conway, AR). Moreover, Ubs Asset Management Americas has 0% invested in Home Bancshares, Inc. (NASDAQ:Conway, AR) for 98,553 shares. Nuveen Asset Ltd Liability holds 0.01% or 55,892 shares. 1.38 million are held by Pnc Service Grp Inc. Moreover, Alps Inc has 0% invested in Home Bancshares, Inc. (NASDAQ:Conway, AR). Arizona State Retirement Sys, a Arizona-based fund reported 113,784 shares.

Lsv Asset Management, which manages about $82.68 billion and $63.35B US Long portfolio, decreased its stake in Flex Ltd. (NASDAQ:FLEX) by 1.12 million shares to 9.22 million shares, valued at $165.95M in 2017Q4, according to the filing. It also reduced its holding in Summit Hotel Properties Inc. (NYSE:INN) by 169,237 shares in the quarter, leaving it with 3.40M shares, and cut its stake in First Merchants Corporation (NASDAQ:FRME).

Investors sentiment decreased to 0.7 in 2017 Q4. Its down 0.29, from 0.99 in 2017Q3. It dived, 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. Moreover, Pomelo Capital Lc has 0.05% invested in Prospect Capital Corporation (NASDAQ:PSEC). 118,563 were accumulated by Creative Planning. Highlander Cap Llc reported 0.19% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC). Lucus Advsrs Ltd invested in 0.48% or 48,335 shares. Susquehanna Group Inc Limited Liability Partnership invested 0% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC). Prudential Incorporated reported 15,500 shares. Bnp Paribas Arbitrage has invested 0% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC). Dnb Asset As invested 0.01% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC). Tru Of Vermont, a Vermont-based fund reported 500 shares. Muzinich Communications reported 7.61 million shares. Royal Bancorp Of Canada invested in 192,003 shares. Inv Advsr Ltd Liability Corporation has invested 0.01% in Prospect Capital Corporation (NASDAQ:PSEC). Moreover, Arrowstreet Cap Ltd Partnership has 0.03% invested in Prospect Capital Corporation (NASDAQ:PSEC) for 1.60M shares. 17,036 were reported by Aviance Cap Prns Lc. Barclays Public Ltd Limited Liability Company has invested 0% in Prospect Capital Corporation (NASDAQ:PSEC).

More notable recent Prospect Capital Corporation (NASDAQ:PSEC) news were published by: Seekingalpha.com which released: “Prospect Capital announces add-on notes offering” on May 15, 2018, also Seekingalpha.com with their article: “Prospect Capital’s (PSEC) CEO John Francis Barry on Q3 2018 Results – Earnings Call Transcript” published on May 11, 2018, Seekingalpha.com published: “Cautious Prospect Capital up 1.25% after FQ3 beat” on May 09, 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 Streetinsider.com‘s news article titled: “Pre-Open Movers 05/16: (BOOT) (ABAX) (M) Higher; (VSTM) (SRAX) (ABR) Lower (more…)” with publication date: May 16, 2018.

Prospect Capital Corporation (NASDAQ:PSEC) Institutional Positions Chart

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