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Ares Management Cut Prospect Capital (PSEC) Position as Share Price Declined; Yhb Investment Advisors Has Lifted Its Celgene (CELG) Holding by $808,808 as Shares Declined

Celgene Corporation (NASDAQ:CELG) Logo

Ares Management Llc decreased its stake in Prospect Capital Corp (PSEC) by 34.36% based on its latest 2017Q4 regulatory filing with the SEC. Ares Management Llc sold 146,344 shares as the company’s stock declined 9.64% with the market. The institutional investor held 279,547 shares of the company at the end of 2017Q4, valued at $1.88M, down from 425,891 at the end of the previous reported quarter. Ares Management Llc who had been investing in Prospect Capital Corp for a number of months, seems to be less bullish one the $2.31 billion market cap company. The stock decreased 0.93% or $0.06 during the last trading session, reaching $6.39. About 1.87M shares traded. Prospect Capital Corporation (NASDAQ:PSEC) has declined 27.59% since April 17, 2017 and is downtrending. It has underperformed by 39.14% the S&P500.

Yhb Investment Advisors Inc increased its stake in Celgene Corp (CELG) by 10.43% based on its latest 2017Q4 regulatory filing with the SEC. Yhb Investment Advisors Inc bought 7,777 shares as the company’s stock declined 19.30% with the market. The institutional investor held 82,332 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $8.59 million, up from 74,555 at the end of the previous reported quarter. Yhb Investment Advisors Inc who had been investing in Celgene Corp for a number of months, seems to be bullish on the $68.10B market cap company. The stock increased 1.28% or $1.14 during the last trading session, reaching $90.54. About 3.60 million shares traded. Celgene Corporation (NASDAQ:CELG) has declined 31.28% since April 17, 2017 and is downtrending. It has underperformed by 42.83% the S&P500.

Among 34 analysts covering Celgene Corporation (NASDAQ:CELG), 19 have Buy rating, 1 Sell and 14 Hold. Therefore 56% are positive. Celgene Corporation had 142 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Cantor Fitzgerald with “Buy” on Thursday, July 6. The rating was maintained by Cantor Fitzgerald on Monday, August 28 with “Buy”. The rating was maintained by Mizuho on Thursday, June 1 with “Buy”. JMP Securities downgraded the stock to “Hold” rating in Friday, October 27 report. Standpoint Research initiated Celgene Corporation (NASDAQ:CELG) rating on Thursday, January 14. Standpoint Research has “Buy” rating and $130 target. Mizuho maintained the shares of CELG in report on Wednesday, July 26 with “Buy” rating. The company was maintained on Friday, October 27 by BMO Capital Markets. Canaccord Genuity maintained Celgene Corporation (NASDAQ:CELG) on Friday, October 27 with “Buy” rating. The stock of Celgene Corporation (NASDAQ:CELG) earned “Buy” rating by SunTrust on Friday, October 27. The rating was maintained by Oppenheimer on Wednesday, June 14 with “Buy”.

Since February 8, 2018, it had 1 buying transaction, and 3 sales for $3.58 million activity. 3,260 Celgene Corporation (NASDAQ:CELG) shares with value of $299,594 were bought by Alles Mark J. 9,250 shares were sold by LOUGHLIN JAMES J, worth $851,093 on Monday, March 12. 13,370 shares valued at $1.26 million were sold by MARIO ERNEST on Friday, February 23.

Yhb Investment Advisors Inc, which manages about $966.41 million and $586.85 million US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 2,203 shares to 122,724 shares, valued at $20.77M in 2017Q4, according to the filing. It also reduced its holding in Kinder Morgan Inc Del (NYSE:KMI) by 25,484 shares in the quarter, leaving it with 32,408 shares, and cut its stake in Aon Corp.

Investors sentiment decreased to 0.83 in 2017 Q4. Its down 0.34, from 1.17 in 2017Q3. It turned negative, as 156 investors sold CELG shares while 478 reduced holdings. 118 funds opened positions while 411 raised stakes. 561.38 million shares or 7.06% less from 603.99 million shares in 2017Q3 were reported. Lucas Capital Mgmt holds 2.46% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 27,213 shares. Livforsakringsbolaget Skandia Omsesidigt holds 0.58% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 57,910 shares. State Of New Jersey Common Pension Fund D stated it has 500,000 shares or 0.2% of all its holdings. Acadian Asset Ltd holds 0.01% in Celgene Corporation (NASDAQ:CELG) or 32,574 shares. Godshalk Welsh Mngmt, a Pennsylvania-based fund reported 2,410 shares. Mitchell Mcleod Pugh Williams, a Alabama-based fund reported 6,370 shares. Boston Prns owns 150,174 shares. Bryn Mawr Tru Co reported 9,788 shares. Tower Lc (Trc) reported 0.01% of its portfolio in Celgene Corporation (NASDAQ:CELG). Lpl Ltd Liability Corporation holds 196,566 shares or 0.06% of its portfolio. Riverhead Ltd Co invested in 18,663 shares or 0.08% of the stock. Argent Trust Com owns 5,419 shares. Philadelphia has invested 1.51% in Celgene Corporation (NASDAQ:CELG). Oregon Employees Retirement Fund reported 0.19% of its portfolio in Celgene Corporation (NASDAQ:CELG). Walleye Trading Limited Liability holds 0.06% of its portfolio in Celgene Corporation (NASDAQ:CELG) for 122,160 shares.

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. The firm earned “Hold” rating on Thursday, April 28 by Deutsche Bank. The stock of Prospect Capital Corporation (NASDAQ:PSEC) has “Neutral” rating given on Friday, January 29 by National Securities. The stock has “Hold” rating by BMO Capital Markets on Wednesday, August 23. The stock has “Market Perform” rating by Raymond James on Wednesday, August 30. As per Monday, January 11, the company rating was downgraded by Wells Fargo. As per Friday, November 10, the company rating was maintained by BMO Capital Markets. As per Wednesday, May 31, the company rating was maintained by BMO Capital Markets. The rating was downgraded by National Securities to “Sell” on Wednesday, July 20. The stock of Prospect Capital Corporation (NASDAQ:PSEC) has “Sector Perform” rating given on Thursday, February 11 by RBC Capital Markets. BMO Capital Markets maintained it with “Hold” rating and $7.0 target in Friday, October 6 report.

Investors sentiment decreased to 0.7 in Q4 2017. Its down 0.29, from 0.99 in 2017Q3. It turned negative, 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. 107,865 were accumulated by Trustmark Bancorporation Tru Department. Private Advisor Gru Ltd Llc holds 0.02% or 84,231 shares. Arete Wealth Advisors Limited Liability Corp reported 31,780 shares stake. Manufacturers Life The reported 15,144 shares stake. Invesco Limited invested 0.01% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC). Wesbanco State Bank Incorporated invested in 0.01% or 15,917 shares. Finance Architects holds 8,083 shares. Barclays Public Ltd Company owns 5,747 shares or 0% of their US portfolio. Ubs Asset Management Americas Inc owns 34 shares or 0% of their US portfolio. Eqis Capital reported 0.15% stake. 13,700 were reported by Pacad Investment. Sii Inc Wi accumulated 65,716 shares. First Republic Inv Management has invested 0.02% in Prospect Capital Corporation (NASDAQ:PSEC). Mackenzie Corp invested in 185,340 shares or 0% of the stock. 204,643 were reported by Jane Street Gru Limited Liability Com.

Since December 8, 2017, it had 24 buys, and 0 selling transactions for $21.02 million activity. 10,000 shares were bought by Eliasek M Grier, worth $68,200 on Wednesday, December 13. Stark Eugene S bought $6,500 worth of Prospect Capital Corporation (NASDAQ:PSEC) on Monday, March 19.

Ares Management Llc, which manages about $35.87 billion and $3.14B US Long portfolio, upped its stake in Penantpark Floating Rate (NASDAQ:PFLT) by 290,000 shares to 530,236 shares, valued at $7.28 million in 2017Q4, according to the filing.

Prospect Capital Corporation (NASDAQ:PSEC) Institutional Positions Chart

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