Advisors Asset Management Has Lowered Holding in Prospect Capital (PSEC) by $435,378; As Schlumberger LTD (SLB) Valuation Declined, Shareholder Cardinal Capital Management Cut Stake

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Advisors Asset Management Inc decreased its stake in Prospect Capital Corporation (PSEC) by 24.72% based on its latest 2018Q4 regulatory filing with the SEC. Advisors Asset Management Inc sold 72,563 shares as the company’s stock declined 3.72% while stock markets rallied. The institutional investor held 220,972 shares of the company at the end of 2018Q4, valued at $1.39 million, down from 293,535 at the end of the previous reported quarter. Advisors Asset Management Inc who had been investing in Prospect Capital Corporation for a number of months, seems to be less bullish one the $2.40 billion market cap company. The stock decreased 0.30% or $0.02 during the last trading session, reaching $6.55. About 205,539 shares traded. Prospect Capital Corporation (NASDAQ:PSEC) has risen 2.44% since April 10, 2018 and is uptrending. It has underperformed by 1.93% the S&P500. Some Historical PSEC News: 26/04/2018 – Mobile Posse Announces Growth Investment from Prospect Capital; 09/05/2018 – PROSPECT CAPITAL 3Q EPS 14C; 09/05/2018 – Prospect Capital 3Q Net Asset Value $9.23/Share; 03/04/2018 – S&P PLACED PROSPECT CAPITAL CORP. ON CREDIT WATCH ‘NEGATIVE’ FROM ‘NEGATIVE’; RATING ‘BBB-‘; 04/04/2018 – PROSPECT CAPITAL CORP PSEC.O SAYS KRISTIN VAN DASK APPOINTED CFO – SEC FILING; 18/05/2018 – PROSPECT CAPITAL CORP – EXPECTS TO USE A PORTION OF NET PROCEEDS FROM SALE OF NOTES TO REPAY DEBT UNDER CO’S CREDIT FACILITY; 09/05/2018 – PROSPECT CAPITAL 3Q INVESTMENT EPS 19C, EST. 18C; 15/05/2018 – Prospect Capital Advisors Buys 1.1% of Limelight Networks; 09/04/2018 – S&P REVISES PROSPECT CAPITAL CORP. OUTLOOK TO ‘NEGATIVE’ FROM CREDIT WATCH ‘NEGATIVE’; RATING ‘BBB-‘; 22/03/2018 – Prospect Capital Closes Above 50-Day Moving Average: Technicals

Cardinal Capital Management decreased its stake in Schlumberger Ltd (SLB) by 83.89% based on its latest 2018Q4 regulatory filing with the SEC. Cardinal Capital Management sold 34,097 shares as the company’s stock declined 2.52% while stock markets rallied. The hedge fund held 6,547 shares of the oilfield services and equipment company at the end of 2018Q4, valued at $236,000, down from 40,644 at the end of the previous reported quarter. Cardinal Capital Management who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $63.12 billion market cap company. The stock decreased 0.08% or $0.04 during the last trading session, reaching $45.54. About 1.82 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 30.63% since April 10, 2018 and is downtrending. It has underperformed by 35.00% the S&P500.

Analysts await Prospect Capital Corporation (NASDAQ:PSEC) to report earnings on May, 8. They expect $0.25 earnings per share, up 31.58% or $0.06 from last year’s $0.19 per share. PSEC’s profit will be $91.68M for 6.55 P/E if the $0.25 EPS becomes a reality. After $0.22 actual earnings per share reported by Prospect Capital Corporation for the previous quarter, Wall Street now forecasts 13.64% EPS growth.

More notable recent Prospect Capital Corporation (NASDAQ:PSEC) news were published by: Seekingalpha.com which released: “Prospect Capital Corp: Strong Buy? – Seeking Alpha” on December 18, 2018, also Nasdaq.com with their article: “Is Prospect Capital (PSEC) Outperforming Other Finance Stocks This Year? – Nasdaq” published on December 03, 2018, Seekingalpha.com published: “Prospect Capital -1.3% after announcing $150M notes offering – Seeking Alpha” on February 26, 2019. More interesting news about Prospect Capital Corporation (NASDAQ:PSEC) were released by: Nasdaq.com and their article: “Prospect Capital About To Put More Money In Your Pocket (PSEC) – Nasdaq” published on November 27, 2018 as well as Nasdaq.com‘s news article titled: “New 52-Week Low Could Prompt More Insider Buying At PSEC – Nasdaq” with publication date: December 20, 2018.

Investors sentiment decreased to 0.99 in 2018 Q4. Its down 0.26, from 1.25 in 2018Q3. It dropped, as 19 investors sold PSEC shares while 54 reduced holdings. 33 funds opened positions while 39 raised stakes. 37.87 million shares or 15.48% less from 44.80 million shares in 2018Q3 were reported. Aperio Gru Llc owns 88,890 shares. Sg Americas Secs Ltd Co reported 44,527 shares or 0% of all its holdings. First Foundation Advisors invested 0.01% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC). Highlander Cap Limited Com, a New Jersey-based fund reported 24,000 shares. Quinn Opportunity Ptnrs Lc reported 342,900 shares. United Services Automobile Association accumulated 404,000 shares. Archford Capital Strategies Ltd Liability Corporation reported 61,081 shares or 0.15% of all its holdings. 586 are owned by Quantbot L P. Phocas Fincl has invested 0% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC). Goldman Sachs Group Inc Inc holds 0% or 188,312 shares. Sumitomo Mitsui Holdings holds 0% or 17,049 shares. Macquarie Group Ltd accumulated 173,723 shares. Nordea Investment Mngmt, a Sweden-based fund reported 213,648 shares. Davenport Communications Limited Liability accumulated 122,755 shares or 0.01% of the stock. Janney Montgomery Scott Ltd has invested 0% in Prospect Capital Corporation (NASDAQ:PSEC).

Advisors Asset Management Inc, which manages about $16.50B and $4.97 billion US Long portfolio, upped its stake in John Hancock Hdg Eq & Inc Fd (HEQ) by 42,081 shares to 143,863 shares, valued at $1.88 million in 2018Q4, according to the filing. It also increased its holding in Bank Amer Corp (NYSE:BAC) by 54,603 shares in the quarter, for a total of 384,067 shares, and has risen its stake in Infosys Ltd (NYSE:INFY).

Since November 8, 2018, it had 9 insider purchases, and 0 insider sales for $10.23 million activity. $638,880 worth of Prospect Capital Corporation (NASDAQ:PSEC) was bought by Barry John F. Van Dask Kristin Lea had bought 2,500 shares worth $17,496. Shares for $14,850 were bought by Gremp William on Wednesday, December 26.

Since December 20, 2018, it had 1 insider purchase, and 1 sale for $284,500 activity. Another trade for 15,000 shares valued at $660,000 was made by Le Peuch Olivier on Friday, January 18.

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Seekingalpha.com which released: “Schlumberger maintained at Market Perform by Raymond James – Seeking Alpha” on April 02, 2019, also Seekingalpha.com with their article: “Schlumberger employee interviewed in sanctions probe – FT – Seeking Alpha” published on April 05, 2019, Seekingalpha.com published: “Schlumberger Sees Decline In 2019 Upstream Capex In North America, But Investment Flows In Some International Markets – Seeking Alpha” on April 08, 2019. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Forbes.com and their article: “A Closer Look At Schlumberger’s Deal With Rockwell Automation – Forbes” published on March 26, 2019 as well as Seekingalpha.com‘s news article titled: “Schlumberger: Top Idea In Energy Equipment And Services Providers – Seeking Alpha” with publication date: April 04, 2019.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on April, 18 before the open. They expect $0.30 earnings per share, down 21.05% or $0.08 from last year’s $0.38 per share. SLB’s profit will be $415.84 million for 37.95 P/E if the $0.30 EPS becomes a reality. After $0.36 actual earnings per share reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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