Prospect Capital Corporation (PSEC) – Don’t Believe the Hype: Check The Facts

216 institutions hold shares in Prospect Capital Corporation (PSEC), with 102.49M shares held by insiders accounting for 26.58% while institutional investors hold 14.98% of the company’s shares. Institutions hold 11.00% of the Float.

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The top institutional shareholder in the company is Lsv Asset Management with over 7.04 million shares valued at $38.11 million. The investor’s holdings represent 1.83% of the PSEC Shares outstanding. As of Dec 30, 2020, the second largest holder is Legal & General Group PLC with 2.69 million shares valued at $14.55 million to account for 0.70% of the shares outstanding. The other top investors are Van Eck Associates Corporation which holds 2.42 million shares representing 0.63% and valued at over $13.12 million, while Invesco Ltd. holds 0.63% of the shares totaling 2.41 million with a market value of $13.04 million.

Prospect Capital Corporation (NASDAQ: PSEC) is 47.50% higher on its value in year-to-date trading and has touched a low of $3.67 and a high of $7.68 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PSEC stock was last observed hovering at around $7.59 in the last trading session, with the day’s gains setting it 0.39% off its average median price target of $5.75 for the next 12 months. It is also -38.78% off the consensus price target high of $5.75 offered by 2 analysts, but current levels are -38.78% lower than the price target low of $5.75 for the same period.

Currently trading at $7.98, the stock is 18.27% and 31.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.32 million and changing 5.14% at the moment leaves the stock 49.92% off its SMA200. PSEC registered 22.30% gain for a year compared to 6-month gain of 55.56%. The firm has a 50-day simple moving average (SMA 50) of $6.35 and a 200-day simple moving average (SMA200) of $5.48.

The stock witnessed a 30.18% loss in the last 1 month and extending the period to 3 months gives it a 51.71%, and is 9.92% 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 3.16% over the week and 3.14% over the month.

Current P/E ratio is 6.63 and Fwd P/E is 12.47. Distance from 52-week low is 117.14% and 3.91% 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 05/12/2021 and quarterly earnings per share for the current quarter are estimated at $0.15 with sales reaching $146.8M over the same period.The EPS is expected to shrink by -1.40% this year, but quarterly earnings will post -5.80% year-over-year.

Prospect Capital Corporation (PSEC) Insider Activity

A total of 1 insider transactions have happened at Prospect Capital Corporation (PSEC) in the last six months, with sales accounting for 0 and purchases happening 1 times. 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).

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