Prospect Capital Corporation (NASDAQ: PSEC) is -15.06% lower on its value in year-to-date trading and has touched a low of $3.67 and a high of $6.65 in the current 52-week trading range. The PSEC stock was last observed hovering at around $5.60 in the last trading session, with the day’s loss setting it -0.13% off its average median price target of $5.00 for the next 12 months. It is also -9.4% off the consensus price target high of $5.00 offered by 2 analysts, but current levels are -9.4% lower than the price target low of $5.00 for the same period.
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Currently trading at $5.47, the stock is 0.22% and 3.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.56 million and changing -2.32% at the moment leaves the stock 10.19% off its SMA200. PSEC registered -15.06% loss for a year compared to 6-month gain of 8.10%. The firm has a 50-day simple moving average (SMA 50) of $5.39 and a 200-day simple moving average (SMA200) of $5.15.
The stock witnessed a 2.43% loss in the last 1 month and extending the period to 3 months gives it a 8.75%, and is 1.11% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.95% over the week and 1.63% over the month.
Current P/E ratio is 15.19 and Fwd P/E is 8.55. Distance from 52-week low is 48.84% and -17.74% from its 52-week high.
Prospect Capital Corporation (PSEC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Prospect Capital Corporation (PSEC) is a “Sell”. 2 analysts offering their recommendations for the stock have an average rating of 4.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Prospect Capital Corporation is expected to release its quarterly report on 02/10/2021 and quarterly earnings per share for the current quarter are estimated at $0.15 with sales reaching $145.63M over the same period.The EPS is expected to shrink by -12.50% this year, but quarterly earnings will post -5.80% year-over-year.
Prospect Capital Corporation (PSEC) Top Institutional Holders
216 institutions hold shares in Prospect Capital Corporation (PSEC), with 101.14M shares held by insiders accounting for 26.58% while institutional investors hold 14.99% of the company’s shares. Institutions hold 11.01% of the Float.
The top institutional shareholder in the company is Lsv Asset Management with over 7.63 million shares valued at $38.39 million. The investor’s holdings represent 2.01% of the PSEC Shares outstanding. As of Sep 29, 2020, the second largest holder is Legal & General Group PLC with 2.59 million shares valued at $13.02 million to account for 0.68% of the shares outstanding. The other top investors are Invesco Ltd. which holds 2.2 million shares representing 0.58% and valued at over $11.07 million, while Van Eck Associates Corporation holds 0.56% of the shares totaling 2.15 million with a market value of $10.82 million.
Prospect Capital Corporation (PSEC) Insider Activity
The most recent transaction is an insider purchase by Stark Eugene S, the company’s Director. SEC filings show that Stark Eugene S bought 2,500 shares of the company’s common stock on Aug 28 at a price of $5.10 per share for a total of $12750.0. Following the purchase, the insider now owns 46000.0 shares.
Prospect Capital Corporation disclosed in a document filed with the SEC on Mar 24 that Barry John F (CHIEF EXECUTIVE OFFICER) bought a total of 342,112 shares of the company’s common stock. The trade occurred on Mar 24 and was made at $4.63 per share for $1.59 million. Following the transaction, the insider now directly holds 68.86 million shares of the PSEC stock.
Still, SEC filings show that on Mar 24, Eliasek M Grier (CHIEF OPERATING OFFICER) acquired 100,000 shares at an average price of $4.45 for $0.45 million. The insider now directly holds 1,352,196 shares of Prospect Capital Corporation (PSEC).