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TimkenSteel (TMST) Reaches $18.66 After 5.00% Up Move; Prospect Capital (PSEC)’s Sentiment Is 0.93

TimkenSteel Corporation (NYSE:TMST) Logo

Prospect Capital Corp (PSEC) investors sentiment increased to 0.93 in Q1 2018. It’s up 0.23, from 0.7 in 2017Q4. The ratio improved, as 68 funds increased or opened new equity positions, while 73 decreased and sold stakes in Prospect Capital Corp. The funds in our database now possess: 40.69 million shares, down from 46.56 million shares in 2017Q4. Also, the number of funds holding Prospect Capital Corp in top ten equity positions was flat from 2 to 2 for the same number . Sold All: 19 Reduced: 54 Increased: 43 New Position: 25.

The stock of TimkenSteel Corporation (NYSE:TMST) is a huge mover today! The stock increased 3.55% or $0.64 during the last trading session, reaching $18.66. About 309,846 shares traded. TimkenSteel Corporation (NYSE:TMST) has risen 23.22% since June 14, 2017 and is uptrending. It has outperformed by 10.65% the S&P500. Some Historical TMST News: ; 26/04/2018 – TimkenSteel 1Q Loss/Shr 4c; 16/05/2018 – DEEP ECO: TimkenSteel May Benefit, Iron and Steel Up in April; 23/04/2018 – Investor Expectations to Drive Momentum within CVB Financial, New Senior Investment Group, EXTRACTION O&G, Masimo, Timken Steel; 17/04/2018 – DEEP ECO: TimkenSteel May Be Pressured, Industry Production Down; 26/04/2018 – TIMKENSTEEL 1Q LOSS/SHR 4C, EST. EPS 8C; 16/03/2018 – TimkenSteel May Face Pressure, Iron and Steel Slowest in 16 Mos; 26/04/2018 – TIMKENSTEEL CORP TMST.N – 2018 CAPITAL SPENDING IS PROJECTED TO BE $40 MLN; 27/03/2018 – TimkenSteel to Increase Prices on Special Bar Quality Bar and Seamless Mechanical Tubing Products; 05/03/2018 Tim Timken of TimkenSteel Corporation said the proposed steel tariffs “absolutely will” bring back jobs to America; 16/03/2018 – TimkenSteel Closes Above 50-Day Moving Average: TechnicalsThe move comes after 6 months positive chart setup for the $830.92M company. It was reported on Jun, 14 by Barchart.com. We have $19.59 PT which if reached, will make NYSE:TMST worth $41.55 million more.

Prospect Capital Corporation is a business development company. The company has market cap of $2.51 billion. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions. It has a 12.17 P/E ratio. It also makes real estate investments particularly in multi-family residential real estate asset class.

The stock increased 0.36% or $0.025 during the last trading session, reaching $6.915. About 608,285 shares traded. Prospect Capital Corporation (PSEC) has declined 18.79% since June 14, 2017 and is downtrending. It has underperformed by 31.36% the S&P500. Some Historical PSEC News: ; 18/05/2018 – Prospect Capital Announces Issuance of $103.5 Million of 4.95% Convertible Notes due 2022; 18/05/2018 – PROSPECT CAPITAL ISSUES $103.5M OF 4.95% CONV NOTES DUE 2022; 15/05/2018 – Prospect Capital Advisors Buys 1.1% of Limelight Networks; 15/05/2018 – Prospect Cap Announces Public Offering of Convertible Notes Due 2022; 15/05/2018 – PSEC: NOTES TO BE FURTHER ISSUE OF 4.95% CONV NOTES DUE 2022; 09/05/2018 – Prospect Capital 3Q Net Investment Income $70.4 Million; 15/05/2018 – Prospect Capital Advisors LLC Exits Position in Atlas Financial; 17/04/2018 – BDCs move to boost leverage; 15/05/2018 – PROSPECT CAPITAL REPORTS PRICING OF $90.0M OF 4.95% CONV NOTES; 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

Muzinich & Co. Inc. holds 8.22% of its portfolio in Prospect Capital Corporation for 7.47 million shares. Camelot Portfolios Llc owns 776,846 shares or 2.37% of their US portfolio. Moreover, Penn Mutual Life Insurance Co has 1.78% invested in the company for 378,000 shares. The California-based Taylor Frigon Capital Management Llc has invested 0.67% in the stock. Quinn Opportunity Partners Llc, a New York-based fund reported 718,900 shares.

Analysts await Prospect Capital Corporation (NASDAQ:PSEC) to report earnings on August, 27. They expect $0.19 earnings per share, 0.00% or $0.00 from last year’s $0.19 per share. PSEC’s profit will be $69.02M for 9.10 P/E if the $0.19 EPS becomes a reality. After $0.19 actual earnings per share reported by Prospect Capital Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More notable recent Prospect Capital Corporation (NASDAQ:PSEC) news were published by: Seekingalpha.com which released: “Prospect Capital Corp.: Wait For A Drop” on June 04, 2018, also Nasdaq.com with their article: “Prospect Capital Purchases $80 Million of First Lien Senior Secured Floating Rate Notes and Revolving Credit Issued …” published on June 04, 2018, Nasdaq.com published: “Prospect Capital Corporation Prices Public Offering of $50 Million of 6.25% Unsecured Notes due 2028” on May 31, 2018. More interesting news about Prospect Capital Corporation (NASDAQ:PSEC) were released by: Seekingalpha.com and their article: “Prospect Capital: So Hated, It’s Getting Attractive, Again” published on May 18, 2018 as well as Seekingalpha.com‘s news article titled: “Now Is The Time To Buy Prospect Capital” with publication date: May 17, 2018.

Since January 1, 0001, it had 14 buys, and 0 selling transactions for $11.35 million activity.

Among 6 analysts covering TimkenSteel (NYSE:TMST), 2 have Buy rating, 2 Sell and 2 Hold. Therefore 33% are positive. TimkenSteel has $28 highest and $8 lowest target. $19.13’s average target is 2.52% above currents $18.66 stock price. TimkenSteel had 31 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of TimkenSteel Corporation (NYSE:TMST) earned “Buy” rating by Jefferies on Wednesday, September 16. Jefferies maintained the shares of TMST in report on Friday, October 27 with “Hold” rating. The firm has “Outperform” rating given on Thursday, August 11 by Cowen & Co. The stock of TimkenSteel Corporation (NYSE:TMST) earned “Underweight” rating by KeyBanc Capital Markets on Wednesday, December 6. As per Thursday, June 14, the company rating was maintained by KeyBanc Capital Markets. The stock of TimkenSteel Corporation (NYSE:TMST) earned “Outperform” rating by Cowen & Co on Thursday, August 6. As per Wednesday, February 3, the company rating was maintained by Cowen & Co. Jefferies maintained TimkenSteel Corporation (NYSE:TMST) on Wednesday, September 6 with “Hold” rating. As per Tuesday, August 1, the company rating was maintained by Jefferies. As per Monday, September 14, the company rating was downgraded by Cowen & Co.

TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide. The company has market cap of $830.92 million. It offers carbon, micro-alloy, and alloy steel ingots, bars, and tubes; and precision components, as well as thermal treatment and machining services. It currently has negative earnings. The companyÂ’s products are used in oil country drill pipes; bits and collars; gears; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts; anti-friction bearings; and other demanding applications It sells its services and products to the gas and oil, oil country tubular goods, automotive, industrial equipment, mining, construction, rail, aerospace and defense, heavy truck, agriculture, and power generation sectors.

Prospect Capital Corporation (NASDAQ:PSEC) Institutional Positions Chart

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