Voya Prime Rate Trust’s (PPR) Buy Rating Reiterated at AltaCorp Capital

Voya Prime Rate Trust (NYSE:PPR)‘s stock had its “buy” rating reaffirmed by AltaCorp Capital in a research report issued on Monday. They presently have a $0.60 price target on the investment management company’s stock. AltaCorp Capital’s target price points to a potential downside of 88.17% from the stock’s previous close.

Shares of Voya Prime Rate Trust (PPR) remained flat at $$5.07 during trading on Monday. The stock had a trading volume of 274,600 shares, compared to its average volume of 456,122. Voya Prime Rate Trust has a fifty-two week low of $4.97 and a fifty-two week high of $5.62.

Institutional investors have recently modified their holdings of the business. Virtu KCG Holdings LLC acquired a new stake in Voya Prime Rate Trust during the 2nd quarter worth about $124,000. Sit Investment Associates Inc. acquired a new stake in Voya Prime Rate Trust during the 3rd quarter worth about $131,000. Advisor Group Inc. grew its holdings in Voya Prime Rate Trust by 110.0% during the 3rd quarter. Advisor Group Inc. now owns 28,857 shares of the investment management company’s stock worth $151,000 after acquiring an additional 15,113 shares during the period. First Allied Advisory Services Inc. grew its holdings in Voya Prime Rate Trust by 202.7% during the 2nd quarter. First Allied Advisory Services Inc. now owns 43,860 shares of the investment management company’s stock worth $235,000 after acquiring an additional 29,370 shares during the period. Finally, Doliver Capital Advisors LP acquired a new stake in Voya Prime Rate Trust during the 2nd quarter worth about $267,000.

ILLEGAL ACTIVITY NOTICE: “Voya Prime Rate Trust’s (PPR) Buy Rating Reiterated at AltaCorp Capital” was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/16/voya-prime-rate-trusts-ppr-buy-rating-reiterated-at-altacorp-capital.html.

Voya Prime Rate Trust Company Profile

Voya Prime Rate Trust (the Trust) is a diversified, closed-end management investment company. The Trust seeks to provide investors with as high a level of current income as is consistent with the preservation of capital. The Trust seeks to achieve this objective by investing, under normal market conditions, approximately 80% of its net assets, plus borrowings for investment purposes, in United States dollar denominated floating rate secured senior loans.

Receive News & Ratings for Voya Prime Rate Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Voya Prime Rate Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply