Investor’s Alert: Fairmount Santrol Holdings Inc (NYSE:FMSA), Sally Beauty Holdings, Inc. (NYSE:SBH), Prospect Capital Corporation (NASDAQ:PSEC)

On Monday, Shares of Fairmount Santrol Holdings Inc (NYSE: FMSA), added 0.24% and closed at $8.50 in the last trading session. The last trading range of the stock ranges between $8.42 and $9.00. Fairmount Santrol Holdings Inc., together with its auxiliaries, provides sand-based proppant solutions for exploration and production companies to enhance the productivity of their oil and gas wells. The company operates in two segments, Proppant Solutions; and Industrial & Recreational (I&R) Products. The Proppant Solutions segment mainly provides sand-based proppants for use in hydraulic fracturing operations in the United States, Canada, Argentina, Mexico, China, Northern Europe, and the United Arab Emirates. Its products include northern white frac sand, API-spec brown sand, and resin coated proppants, in addition to ceramic proppants; PowerProp product; and Propel SSP product that utilizes a polymer coating applied to a proppant substrate. The I&R Products segment offers raw, coated, and custom blended sands for use in building products, glass, turf and landscape, and filtration industries, in addition to for foundries mainly in North America.

Sally Beauty Holdings, Inc. (NYSE:SBH), dropped -1.21% and closed at $25.37 in the last trading session. The last trading range of the stock ranges between $25.22 and $25.82. The company’s Market capitalization is $3.68 Billion with the total Outstanding Shares of 146.44 million. S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:

Sally Beauty Holdings Inc. (SBH) will replace R.R. Donnelley & Sons Co. (RRD) in the S&P MidCap 400 index, and R.R. Donnelley & Sons will replace Sizmek Inc. (SZMK) in the S&P SmallCap 600 after the close of trading on Tuesday, September 27. Vector Capital is acquiring Sizmek in a deal expected to be accomplished on or about that date, pending final conditions. R.R. Donnelly & Sons is spinning off certain operations and assets later this month. Post spin-offs, the R.R. Donnelly & Sons stub will be more representative of the small-cap market space.

LSC Communications Inc. (NYSE:LKSD) and Donnelley Financial Solutions Inc. (NYSE:DFIN) will be added to the S&P SmallCap 600 after the close of trading on Friday, September 30 replacing Gulfmark Offshore Inc. (GLF) and Bonanza Creek Energy Inc. (BCEI) respectively, which will be removed from the S&P SmallCap 600 after the close of trading on Monday, October 3. Newly added S&P SmallCap 600 constituent R.R. Donnelley & Sons is spinning off LSC Communications and Donnelley Financial Solutions in transactions expected to be accomplished on Friday, September 30 pending final conditions. The R.R. Donnelley & Sons stub will remain in the S&P SmallCap 600 post spin-offs. Gulfmark Offshore and Bonanza Creek Energy are ranked near the bottom of the S&P SmallCap 600 and are no longer representative of the small-cap market space.

Prospect Capital Corporation (NASDAQ:PSEC), remained flat and closed at $8.10 in the last trading session. The last trading range of the stock ranges between $8.04 and $8.13. During the 52-week trading session the minimum price at which share price traded, registered at $5.21 and reached to max level of $8.68. Prospect Capital Corporation (PSEC) (“Prospect”) declared recently that a Prospect portfolio company, together with a co-shareholder, invested a combined total of about $72 million on September 28, 2016 in the acquisition of eight student housing properties located at Division I universities in five U.S. states.

National Property REIT Corp. (“NPRC”), a private real estate investment trust (“REIT”) owned by Prospect, committed to provide 67% of the junior acquisition capital, a portion of which will be funded post-closing. Vesper Holdings LLC (“Vesper”), an established student housing property administration firm, offered 33% of the junior acquisition capital. Vesper serves as day-to-day manager of operations for the attained portfolio.

The portfolio includes eight purpose built student housing properties that serve students attending Texas A&M University, Texas A&M University Corpus Christi, Kennesaw State University, Georgia Southern University, the University of Alabama, the University of Iowa, and Kansas State University. The properties, which have a total of 4,925 bedrooms, have been designed for and are focused on the particular requirements of the student housing market. These properties generally feature two to four bedroom suites; property-wide WiFi; top of the line exercise, pool, outdoor kitchen, and cabana facilities; and large clubhouses with computer-equipped study rooms, lounge areas, meeting spaces, high-tech entertainment areas, and catered coffee and refreshment bar areas. Prospect and Vesper are implementing an $11 million value-added investment program, counting upgrades to both unit interiors and community amenities, which is planned to be accomplished over the next two years.

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