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Prospect Capital Corp (PSEC) Stock Could Soon Reward Patient Investors

Prospect Capital Corp (NASDAQ: PSEC) is -22.54% lower on its value in year-to-date trading and has touched a low of $4.15 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 $4.51 in the last trading session, with the day’s gains setting it 0.13%.

Currently trading at $4.64, the stock is -5.27% and -9.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.0 million and changing 2.88% at the moment leaves the stock -13.49% off its SMA200. PSEC registered -19.02% loss for a year compared to 6-month loss of -18.45%. The firm has a 50-day simple moving average (SMA 50) of $5.159 and a 200-day simple moving average (SMA200) of $5.3696.

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The stock witnessed a -12.95% gain in the last 1 month and extending the period to 3 months gives it a -9.20%, and is 8.67% 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 2.70% over the week and 2.63% over the month.

Current P/E ratio is 13.65 and Fwd P/E is 9.28. Distance from 52-week low is 11.81% and -26.35% from its 52-week high.

with sales reaching $189.67M over the same period.The EPS is expected to shrink by -40.20% this year, but quarterly earnings will post -12.72% year-over-year. Quarterly sales are estimated to shrink -10.08% in year-over-year returns.

Prospect Capital Corp (PSEC) Top Institutional Holders

249.0 institutions hold shares in Prospect Capital Corp (PSEC), with institutional investors hold 13.24% of the company’s shares. The shares outstanding are 436.18M, and float is at 318.80M with Short Float at 5.73%. Institutions hold 9.65% 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 Barry John F, the company’s CHIEF EXECUTIVE OFFICER. SEC filings show that Barry John F bought 205,900 shares of the company’s common stock on Nov 15 ’24 at a price of $4.40 per share for a total of $0.91 million. Following the purchase, the insider now owns 72.61 million shares.

Prospect Capital Corp disclosed in a document filed with the SEC on Nov 15 ’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 Nov 15 ’24 and was made at $4.38 per share for $21900.0. Following the transaction, the insider now directly holds 1.68 million shares of the PSEC stock.

Still, SEC filings show that on Nov 14 ’24, Barry John F (CHIEF EXECUTIVE OFFICER) acquired 1,000,000 shares at an average price of $4.37 for $4.37 million. The insider now directly holds 72,406,939 shares of Prospect Capital Corp (PSEC).

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