Tejon Ranch Co. (TRC) Is At $25.42 Formed Wedge; Raymond James & Associates Has Trimmed Prospect Capital (PSEC) Holding

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Tejon Ranch Co. (TRC) formed wedge up with $27.20 target or 7.00% above today’s $25.42 share price. Tejon Ranch Co. (TRC) has $658.58M valuation. The stock increased 1.15% or $0.29 during the last trading session, reaching $25.42. About 54,603 shares traded. Tejon Ranch Co. (NYSE:TRC) has risen 10.89% since May 7, 2017 and is uptrending. It has underperformed by 0.66% the S&P500.

Raymond James & Associates decreased Prospect Capital Corporation (PSEC) stake by 36.99% reported in 2017Q4 SEC filing. Raymond James & Associates sold 53,210 shares as Prospect Capital Corporation (PSEC)’s stock declined 9.64%. The Raymond James & Associates holds 90,656 shares with $611,000 value, down from 143,866 last quarter. Prospect Capital Corporation now has $2.29B valuation. The stock increased 0.48% or $0.03 during the last trading session, reaching $6.33. About 1.16 million shares traded. Prospect Capital Corporation (NASDAQ:PSEC) has declined 27.59% since May 7, 2017 and is downtrending. It has underperformed by 39.14% the S&P500.

Raymond James & Associates increased Ss&C Technologies Hldgs Inc (NASDAQ:SSNC) stake by 219,120 shares to 279,761 valued at $11.33M in 2017Q4. It also upped Ishares Tr (IXJ) stake by 20,563 shares and now owns 45,303 shares. Archer Daniels Midland Co (NYSE:ADM) was raised too.

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 had 16 analyst reports since August 27, 2015 according to SRatingsIntel. Wells Fargo downgraded Prospect Capital Corporation (NASDAQ:PSEC) on Monday, January 11 to “Underperform” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 11. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, May 31 report. FBR Capital downgraded the shares of PSEC in report on Thursday, May 11 to “Market Perform” rating. On Wednesday, August 31 the stock rating was maintained by FBR Capital with “Outperform”. The rating was downgraded by Deutsche Bank on Thursday, April 28 to “Hold”. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, August 23. As per Thursday, February 11, the company rating was downgraded by Raymond James. National Securities initiated the shares of PSEC in report on Friday, January 29 with “Neutral” rating. National Securities downgraded the stock to “Sell” rating in Wednesday, July 20 report.

More news for Prospect Capital Corporation (NASDAQ:PSEC) were recently published by: Seekingalpha.com, which released: “Prospect Capital: Only Fools Jump In?” on April 25, 2018. Seekingalpha.com‘s article titled: “These BDCs Will Surprise You As Interest Rates Increase” and published on April 27, 2018 is yet another important article.

Since December 8, 2017, it had 24 buys, and 0 sales for $21.02 million activity. Another trade for 300 shares valued at $1,950 was bought by Barry John F. $67,700 worth of Prospect Capital Corporation (NASDAQ:PSEC) was bought by Eliasek M Grier on Friday, December 15. Another trade for 1,000 shares valued at $6,500 was made by Stark Eugene S on Monday, March 19.

Investors sentiment decreased to 0.7 in 2017 Q4. Its down 0.29, from 0.99 in 2017Q3. It worsened, 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. Sigma Planning has invested 0.06% in Prospect Capital Corporation (NASDAQ:PSEC). Sei owns 367 shares. Citigroup holds 0% or 20,921 shares in its portfolio. Susquehanna Interest Group Limited Liability Partnership accumulated 1.15M shares. 13,700 are owned by Pacad Invest Limited. Pnc Financial Svcs, Pennsylvania-based fund reported 34,857 shares. Engineers Gate Manager Lp owns 62,622 shares for 0.03% of their portfolio. Pomelo Ltd Liability Co holds 0.05% or 225,000 shares in its portfolio. Cibc Ww Mkts holds 130,032 shares or 0% of its portfolio. Markston Intl has 0% invested in Prospect Capital Corporation (NASDAQ:PSEC). Reilly Advsrs Llc owns 3,850 shares for 0% of their portfolio. Hightower Advisors Llc holds 79,331 shares. Ares Management Ltd Llc owns 279,547 shares. Advsr Asset invested in 908,248 shares. Kistler holds 8,967 shares or 0.02% of 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 $65.06 million for 8.79 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.

Investors sentiment increased to 3.25 in Q4 2017. Its up 1.30, from 1.95 in 2017Q3. It improved, as 8 investors sold Tejon Ranch Co. shares while 12 reduced holdings. 13 funds opened positions while 52 raised stakes. 38.57 million shares or 147.29% more from 15.60 million shares in 2017Q3 were reported. Ameritas Invest Ptnrs reported 1,572 shares or 0% of all its holdings. Voya Investment Lc stated it has 11,532 shares. Bancorporation Of America De has invested 0% in Tejon Ranch Co. (NYSE:TRC). Teton Advsr holds 0.32% or 168,000 shares in its portfolio. State Street owns 346,012 shares. Brown Advisory Inc invested in 59,490 shares or 0% of the stock. Jupiter Asset Mngmt holds 0.14% or 240,171 shares in its portfolio. Legal & General Grp Public Limited Com has invested 0% of its portfolio in Tejon Ranch Co. (NYSE:TRC). Renaissance Limited Liability Company holds 0% or 110,899 shares in its portfolio. Mraz Amerine Assoc invested in 12,212 shares or 0.08% of the stock. Neuberger Berman Grp Incorporated Ltd Company reported 66,483 shares. Rhumbline Advisers accumulated 19,445 shares. Paloma holds 0.02% or 65,000 shares. Dimensional Fund Advsr Lp owns 1.12 million shares. Invesco Limited invested in 16,398 shares.

Tejon Ranch Co. (NYSE:TRC) Institutional Positions Chart