Prospect Capital Corp (NASDAQ: PSEC) is -26.38% 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 $4.44 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $4.41, the stock is -3.35% and -10.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.1 million and changing -0.68% at the moment leaves the stock -16.67% off its SMA200. PSEC registered -23.57% loss for a year compared to 6-month loss of -20.11%. The firm has a 50-day simple moving average (SMA 50) of $4.9454 and a 200-day simple moving average (SMA200) of $5.2981.
The stock witnessed a -1.34% gain in the last 1 month and extending the period to 3 months gives it a -17.11%, and is -3.08% 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 2.49% over the week and 2.90% over the month.
Current P/E ratio is 12.97 and Fwd P/E is 8.82. Distance from 52-week low is 6.27% and -30.00% 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
250.0 institutions hold shares in Prospect Capital Corp (PSEC), with institutional investors hold 13.59% of the company’s shares. The shares outstanding are 436.18M, and float is at 312.15M with Short Float at 5.12%. Institutions hold 9.73% 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 210,000 shares of the company’s common stock on Nov 29 ’24 at a price of $4.81 per share for a total of $1.01 million. Following the purchase, the insider now owns 2.13 million shares.
Prospect Capital Corp disclosed in a document filed with the SEC on Nov 27 ’24 that Eliasek M Grier (Chief Operating Officer) bought a total of 210,000 shares of the company’s common stock. The trade occurred on Nov 27 ’24 and was made at $4.79 per share for $1.01 million. Following the transaction, the insider now directly holds 1.92 million shares of the PSEC stock.
Still, SEC filings show that on Nov 26 ’24, Eliasek M Grier (Chief Operating Officer) acquired 5,000 shares at an average price of $4.72 for $23576.0. The insider now directly holds 1,711,130 shares of Prospect Capital Corp (PSEC).
