Prospect Capital Corp (NASDAQ: PSEC) is -8.68% lower on its value in year-to-date trading and has touched a low of $4.69 and a high of $6.30 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 $5.44 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $5.47, the stock is 3.41% and 3.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.39 million and changing 0.55% at the moment leaves the stock -1.56% off its SMA200. PSEC registered -10.47% loss for a year compared to 6-month loss of -1.09%. The firm has a 50-day simple moving average (SMA 50) of $5.2586 and a 200-day simple moving average (SMA200) of $5.5558.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 7.68% gain in the last 1 month and extending the period to 3 months gives it a -2.15%, and is 1.30% 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 1.98% over the week and 2.28% over the month.
Current P/E ratio is 16.09 and Fwd P/E is 10.94. Distance from 52-week low is 16.63% and -13.17% from its 52-week high.
with sales reaching $204.76M over the same period.The EPS is expected to shrink by -40.20% this year, but quarterly earnings will post -9.20% year-over-year. Quarterly sales are estimated to shrink -13.30% in year-over-year returns.
Prospect Capital Corp (PSEC) Top Institutional Holders
256.0 institutions hold shares in Prospect Capital Corp (PSEC), with institutional investors hold 13.86% of the company’s shares. The shares outstanding are 432.93M, and float is at 315.62M with Short Float at 6.79%. Institutions hold 10.15% of the Float.
The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 7.25 million shares valued at $40.09 million. The investor’s holdings represent 1.7489% of the PSEC Shares outstanding. As of 2024-06-30, the second largest holder is Y.D. MORE INVESTMENTS LTD with 5.06 million shares valued at $29.06 million to account for 1.2216 of the shares outstanding. The other top investors are LEGAL & GENERAL GROUP PLC which holds 3.33 million shares representing 0.8044% and valued at over $18.42 million, while INVESCO LTD. holds 0.5095 of the shares totaling 2.11 million with a market value of $11.68 million.
Prospect Capital Corp (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 Sep 17 ’24 at a price of $5.50 per share for a total of $13750.0. Following the purchase, the insider now owns 57500.0 shares.
Prospect Capital Corp disclosed in a document filed with the SEC on Sep 16 ’24 that Eliasek M Grier (Chief Operating Officer) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $5.50 per share for $27500.0. Following the transaction, the insider now directly holds 1.67 million shares of the PSEC stock.
Still, SEC filings show that on Sep 13 ’24, Eliasek M Grier (Chief Operating Officer) acquired 5,000 shares at an average price of $5.44 for $27200.0. The insider now directly holds 1,661,130 shares of Prospect Capital Corp (PSEC).
