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Why Trimble, Open Text, Prospect Capital, Nuance & Criteo Are Spiking Today

After hitting an all-time low this week, Prospect Capital Corporation (NASDAQ:PSEC) has rebounded by 12% on Wednesday afternoon. On Tuesday evening, the firm reported earnings of $0.28 per share for its second quarter of fiscal year 2016, $0.03 above the consensus estimate, on revenue (or total investment income) of $209.19 million, considerably higher than the expected $192.85 million. In addition, management declared a monthly dividend of $0.0833 per share, in line with previous ones.

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Among the funds in our database, one that seems particularly optimistic about Prospect Capital Corporation (NASDAQ:PSEC) is Matt Sirovich and Jeremy Mindich’s Scopia Capital, which declared holding 2.25 million shares of the company, worth more than $16 million as of the end of September.

Next up is Nuance Communications Inc. (NASDAQ:NUAN), up by 7.43% on Wednesday. On Tuesday evening, the mid-cap tech company reported its first quarter of fiscal year 2016 financial results, which included earnings of $0.36 per share and revenue of $494.87 million, both above the Street’s estimates of $0.32 per share in earnings and $491.23 million in revenue. Management also boosted its EPS guidance for the full 2016 fiscal year, from between $1.35 and $1.45 to a range of $1.41 to $1.51. The consensus among analysts stands at $1.43. Revenue guidance was maintained at $1.98 billion-to-$2.03 billion.

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Among the funds betting on Nuance Communications Inc. (NASDAQ:NUAN), we could highlight Columbus Circle Investors, the fund currently managed by Clifford G. Fox. The firm recently said that, as of the end of 2015, it held 4.46 million shares of the company, worth roughly $88.7 million. The firm acquired 222,079 shares of Nuance over the fourth quarter of last year.

Finally, there’s Criteo SA (ADR) (NASDAQ:CRTO), up by almost 23% today. Before the market opened, the Paris, France-based company posted EPS of €0.66 ($0.74), €0.26 ($0.29) above the consensus estimate, while revenue came in at €145.75 million ($163.65 million), up by 51.3% year-over-year, and €7.55 million ($8.49 million) higher than expected.

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Once again, Columbus Circle Investors was among the largest hedge fund investors of Criteo SA (ADR) (NASDAQ:CRTO) in our database, even in spite of the 22% reduction to its stake during the fourth quarter. As of December 31 the firm held 951,474 shares of the company, worth about $37.67 million.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned in this article.

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