Prospect Capital Corp (NASDAQ: PSEC) is 3.25% higher on its value in year-to-date trading and has touched a low of $4.09 and a high of $5.86 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PSEC stock was last observed hovering at around $4.45 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $4.45, the stock is 2.95% and 2.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.76 million and changing 0.00% at the moment leaves the stock -11.48% off its SMA200. PSEC registered -23.67% loss for a year compared to 6-month loss of -10.82%.
The stock witnessed a 1.37% gain in the last 1 month and extending the period to 3 months gives it a 0.68%, and is 2.30% 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 1.51% over the week and 1.84% over the month.
Fwd P/E is 8.40. Distance from 52-week low is 8.80% and -24.06% from its 52-week high.
with sales reaching $174.29M over the same period.The EPS is expected to shrink by -45.10% this year, but quarterly earnings will post -15.58% year-over-year. Quarterly sales are estimated to shrink -13.81% in year-over-year returns.
The shares outstanding are 442.74M, and float is at 316.71M with Short Float at 4.95%.
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 1.7062 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 1.1917 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 2,000,000 shares of the company’s common stock on Dec 24 ’24 at a price of $4.29 per share for a total of $8.58 million. Following the purchase, the insider now owns 79.48 million shares.
Prospect Capital Corp disclosed in a document filed with the SEC on Nov 29 ’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 29 ’24 and was made at $4.81 per share for $1.01 million. Following the transaction, the insider now directly holds 2.13 million shares of the PSEC stock.
Still, SEC filings show that on Nov 27 ’24, Eliasek M Grier (Chief Operating Officer) acquired 210,000 shares at an average price of $4.79 for $1.01 million. The insider now directly holds 1,921,130 shares of Prospect Capital Corp (PSEC).
