Prospect Capital Corp (NASDAQ: PSEC) is -20.87% 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 $4.81 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $4.74, the stock is -0.29% and -6.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.54 million and changing -1.46% at the moment leaves the stock -11.24% off its SMA200. PSEC registered -17.42% loss for a year compared to 6-month loss of -15.05%. The firm has a 50-day simple moving average (SMA 50) of $5.0884 and a 200-day simple moving average (SMA200) of $5.34395.
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The stock witnessed a -11.07% gain in the last 1 month and extending the period to 3 months gives it a -5.58%, and is 2.16% 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 2.61% over the week and 2.87% over the month.
Current P/E ratio is 13.94 and Fwd P/E is 9.48. Distance from 52-week low is 14.22% and -24.76% 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 13.50% of the company’s shares. The shares outstanding are 436.18M, and float is at 312.60M with Short Float at 5.84%. Institutions hold 9.68% 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 Eliasek M Grier, the company’s Chief Operating Officer. SEC filings show that Eliasek M Grier bought 5,000 shares of the company’s common stock on Nov 22 ’24 at a price of $4.72 per share for a total of $23596.0. Following the purchase, the insider now owns 1.7 million shares.
Prospect Capital Corp disclosed in a document filed with the SEC on Nov 22 ’24 that Barry John F (CHIEF EXECUTIVE OFFICER) bought a total of 1,000,000 shares of the company’s common stock. The trade occurred on Nov 22 ’24 and was made at $4.78 per share for $4.78 million. Following the transaction, the insider now directly holds 77.47 million shares of the PSEC stock.
Still, SEC filings show that on Nov 21 ’24, Eliasek M Grier (Chief Operating Officer) acquired 5,000 shares at an average price of $4.60 for $23000.0. The insider now directly holds 1,696,130 shares of Prospect Capital Corp (PSEC).
