Prospect Capital Corp (NASDAQ: PSEC) is -2.78% lower on its value in year-to-date trading and has touched a low of $4.09 and a high of $5.72 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 $4.24 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $4.19, the stock is -3.76% and -3.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.36 million and changing -1.18% at the moment leaves the stock -15.18% off its SMA200. PSEC registered -23.96% loss for a year compared to 6-month loss of -20.64%. The firm has a 50-day simple moving average (SMA 50) of $4.3198 and a 200-day simple moving average (SMA200) of $4.94.
The stock witnessed a -2.33% gain in the last 1 month and extending the period to 3 months gives it a -5.63%, and is -2.56% 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 2.39% over the week and 2.09% over the month.
Fwd P/E is 7.91. Distance from 52-week low is 2.44% and -26.75% 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.
256.0 institutions hold shares in Prospect Capital Corp (PSEC), with institutional investors hold 14.87% of the company’s shares. The shares outstanding are 442.74M, and float is at 316.02M with Short Float at 5.06%. Institutions hold 10.67% 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 1.7062 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 Mar 11 ’25 at a price of $4.32 per share for a total of $8.64 million. Following the purchase, the insider now owns 81.5 million shares.
Prospect Capital Corp disclosed in a document filed with the SEC on Dec 24 ’24 that Barry John F (CHIEF EXECUTIVE OFFICER) bought a total of 2,000,000 shares of the company’s common stock. The trade occurred on Dec 24 ’24 and was made at $4.29 per share for $8.58 million. Following the transaction, the insider now directly holds 79.48 million shares of the PSEC stock.
Still, SEC filings show that on Nov 29 ’24, Eliasek M Grier (Chief Operating Officer) acquired 210,000 shares at an average price of $4.81 for $1.01 million. The insider now directly holds 2,131,130 shares of Prospect Capital Corp (PSEC).
