Insider Purchase: John Barry Bought 79,933 Shares of Prospect Capital (PSEC); Linamar (TSE:LNR) Covered By 3 Bulls

A calculated and judicious transaction was made by the CHIEF EXECUTIVE OFFICER of Prospect Capital Corp, Mr. John Barry, 2 days ago, when he purchased a considerable amount of shares – 79,933, amounting to $533,017 US Dollars , at an average $6.7 per each share. It seems he is very active lately as in the last 30 days, he obtained additional 515,295 shares of the company, worth $3.47 million USD. Having been a very massive stock deal at Prospect Capital Corp, the chance that it remains undiscovered for long was obviously very low. John Barry currently owns 33.82 million shares which are equivalent to about 10%+ of the New York-Company’s market cap (share price times the number of shares outstanding).

Among 5 analysts covering Linamar Corporation (TSE:LNR), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Linamar Corporation has $100 highest and $55 lowest target. $73.50’s average target is 2.98% above currents $71.37 stock price. Linamar Corporation had 31 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, September 15 by Canaccord Genuity. The firm has “Sector Perform” rating given on Friday, October 16 by RBC Capital Markets. TD Securities maintained it with “Hold” rating and $57 target in Friday, October 28 report. As per Friday, December 2, the company rating was upgraded by TD Securities. Scotia Capital maintained the shares of LNR in report on Friday, August 12 with “Outperform” rating. On Thursday, August 6 the stock rating was downgraded by TD Securities to “Buy”. RBC Capital Markets maintained it with “Sector Perform” rating and $66 target in Thursday, March 9 report. The firm has “Outperform” rating given on Thursday, November 3 by Scotia Capital. The stock of Linamar Corporation (TSE:LNR) earned “Neutral” rating by IBC on Tuesday, December 20. As per Wednesday, December 7, the company rating was maintained by Scotia Capital. See Linamar Corporation (TSE:LNR) latest ratings:

15/12/2017 Broker: Scotia Capital Rating: Outperform Old Target: $85.00 New Target: $90.00 Target Up

The stock decreased 0.30% or $0.02 during the last trading session, reaching $6.64. About 1.76M shares traded. Prospect Capital Corporation (NASDAQ:PSEC) has risen 10.36% since February 28, 2017 and is uptrending. It has underperformed by 6.34% the S&P500.

Since December 8, 2017, it had 14 insider buys, and 0 insider sales for $15.71 million activity. Barry John F also bought $2.43M worth of Prospect Capital Corporation (NASDAQ:PSEC) shares. Eliasek M Grier had bought 10,000 shares worth $68,200 on Wednesday, December 13.

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.16, from 1.15 in 2017Q2. It is negative, as 29 investors sold Prospect Capital Corporation shares while 57 reduced holdings. 32 funds opened positions while 53 raised stakes. 52.14 million shares or 1.02% more from 51.61 million shares in 2017Q2 were reported. New York-based Morgan Stanley has invested 0.01% in Prospect Capital Corporation (NASDAQ:PSEC). Argi Investment Services Lc reported 37,000 shares. Gsa Capital Partners Llp invested in 0.07% or 149,438 shares. Guggenheim Cap Limited Liability owns 587,296 shares or 0.01% of their US portfolio. Winch Advisory Svcs Ltd Co invested in 516 shares or 0% of the stock. Bessemer Gp Inc holds 0% or 2,268 shares. Jefferies Gp Ltd Llc accumulated 8,199 shares. Advsr Asset Mgmt has 0.11% invested in Prospect Capital Corporation (NASDAQ:PSEC) for 960,817 shares. Liberty Cap accumulated 4,850 shares. Florida-based Aviance Cap Prns Ltd Limited Liability Company has invested 0.06% in Prospect Capital Corporation (NASDAQ:PSEC). Advisory Svcs Ntwk, Georgia-based fund reported 12,354 shares. Boston Private Wealth Lc has 92,800 shares. 3,000 are held by North Star Inv Mngmt. Cetera Advisor Net Ltd Liability Com reported 57,408 shares. Allsquare Wealth Ltd Llc holds 0.04% or 7,000 shares in its portfolio.

Analysts await Prospect Capital Corporation (NASDAQ:PSEC) to report earnings on May, 8. They expect $0.18 earnings per share, down 10.00% or $0.02 from last year’s $0.2 per share. PSEC’s profit will be $65.09 million for 9.22 P/E if the $0.18 EPS becomes a reality. After $0.20 actual earnings per share reported by Prospect Capital Corporation for the previous quarter, Wall Street now forecasts -10.00% negative 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 28.01% above currents $6.64 stock price. Prospect Capital Corporation had 16 analyst reports since August 27, 2015 according to SRatingsIntel. On Friday, October 6 the stock rating was maintained by BMO Capital Markets with “Hold”. As per Wednesday, August 23, the company rating was maintained by BMO Capital Markets. The firm has “Hold” rating by Deutsche Bank given on Thursday, April 28. The rating was downgraded by National Securities on Wednesday, July 20 to “Sell”. The firm has “Neutral” rating by National Securities given on Friday, January 29. On Thursday, February 11 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Underperform” rating by Wells Fargo given on Monday, January 11. Raymond James downgraded the stock to “Underperform” rating in Thursday, February 11 report. BMO Capital Markets maintained Prospect Capital Corporation (NASDAQ:PSEC) on Friday, November 10 with “Market Perform” rating. The rating was maintained by BMO Capital Markets on Wednesday, May 31 with “Hold”.

Linamar Corporation manufactures and sells precision metallic components, modules, and systems in Canada, United States, the Asia Pacific, Mexico, and Europe. The company has market cap of $4.67 billion. It operates through two divisions, Powertrain/Driveline and Industrial. It has a 8.89 P/E ratio. The firm offers hybrid power units, power transfer units, rear drive units/modules, and engineered gears; and shaft and shell assemblies, differential assemblies, transmission gears, clutch modules, center housings, transmission/driveline shafts, transfer case pump housings, and other transmission components.