Prospect Capital Corp (NASDAQ: PSEC) is -14.52% 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 $5.20 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $5.12, the stock is -4.48% and -1.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.46 million and changing -1.54% at the moment leaves the stock -7.29% off its SMA200. PSEC registered -13.66% loss for a year compared to 6-month loss of -6.57%. The firm has a 50-day simple moving average (SMA 50) of $5.2032 and a 200-day simple moving average (SMA200) of $5.52295.
The stock witnessed a -3.40% gain in the last 1 month and extending the period to 3 months gives it a -8.57%, and is -4.12% 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 2.14% over the week and 2.11% over the month.
Current P/E ratio is 15.06 and Fwd P/E is 10.24. Distance from 52-week low is 9.17% and -18.73% 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
254.0 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 315.61M with Short Float at 6.51%. 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).
