Prospect Capital Corporation (NASDAQ: PSEC) is -8.85% lower on its value in year-to-date trading and has touched a low of $5.03 and a high of $7.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PSEC stock was last observed hovering at around $5.48 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $5.46, the stock is -1.57% and -5.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.26 million and changing -0.36% at the moment leaves the stock -8.45% off its SMA200. PSEC registered -19.94% loss for a year compared to 6-month loss of -11.22%. The firm has a 50-day simple moving average (SMA 50) of $75.21.
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The stock witnessed a -3.53% gain in the last 1 month and extending the period to 3 months gives it a -10.05%, and is -2.15% down 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 1.77% over the week and 1.94% over the month.
Fwd P/E is 7.58. Distance from 52-week low is 8.66% and -22.44% from its 52-week high.
Prospect Capital Corporation quarterly earnings per share for the current quarter are estimated at $0.2 with sales reaching $213.93M over the same period.The EPS is expected to shrink by -22.60% this year, but quarterly earnings will post 2.70% year-over-year.
274 institutions hold shares in Prospect Capital Corporation (PSEC), with institutional investors hold 13.51% of the company’s shares. The shares outstanding are 415.21M, and float is at 304.26M with Short Float at 7.24%. Institutions hold 9.90% of the Float.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 4.52 million shares valued at $28.05 million. The investor’s holdings represent 1.11% of the PSEC Shares outstanding. As of Jun 29, 2023, the second largest holder is Legal & General Group PLC with 2.95 million shares valued at $18.27 million to account for 0.72% of the shares outstanding. The other top investors are Morgan Stanley which holds 1.76 million shares representing 0.43% and valued at over $10.88 million, while Lsv Asset Management holds 0.42% of the shares totaling 1.71 million with a market value of $10.62 million.
Prospect Capital Corporation (PSEC) Insider Activity
The most recent transaction is an insider purchase by Van Dask Kristin Lea, the company’s CFO, TREASURER, SECRETARY, CCO. SEC filings show that Van Dask Kristin Lea bought 5,000 shares of the company’s common stock on Mar 11 ’24 at a price of $5.44 per share for a total of $27200.0. Following the purchase, the insider now owns 10000.0 shares.
Prospect Capital Corporation disclosed in a document filed with the SEC on Dec 06 ’23 that Eliasek M Grier (Chief Operating Officer) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Dec 06 ’23 and was made at $5.67 per share for $56700.0. Following the transaction, the insider now directly holds 1.62 million shares of the PSEC stock.
Still, SEC filings show that on Dec 05 ’23, Eliasek M Grier (Chief Operating Officer) acquired 10,000 shares at an average price of $5.64 for $56391.0. The insider now directly holds 1,606,130 shares of Prospect Capital Corporation (PSEC).
