With over 4.47 million Prospect Capital Corporation (PSEC) shares trading Friday and a closing price of $6.78 on the day, the dollar volume was approximately $30.29 million. The shares have shown a negative half year performance of -9.48% and its price on 03/10/23 lost nearly -2.87%. Currently, there are 399.43M common shares owned by the public and among those 291.07M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for PSEC have a consensus price objective of $6.50. The analysts have set the share’s price value over the next 12 months at a high of $6.50 and a low of $6.50. The average price target is -4.31% below its recent price level and a downside to the estimated low will see the stock lose -4.31% over that period. But a downside of -4.31% will see the stock hit the forecast high price target while median target price for the stock is $6.50.
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Insiders at the company have transacted a total of 4 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 10,900 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Prospect Capital Corporation are VanEck Vectors – BDC Income ETF, iShares II Plc – Listed Private E, and Nikko Asset Active BDC Mother Fun. VanEck Vectors – BDC Income ETF owns 3.52 million shares of the company’s stock, all valued at over $26.09 million. Nikko Asset Active BDC Mother Fun sold 47317.0 shares to bring its total holdings to over 0.51 million shares at a value of $3.74 million. Nikko Asset Active BDC Mother Fun now owns shares totaling to 0.13% of the shares outstanding.
Shares of Prospect Capital Corporation (NASDAQ: PSEC) opened at $6.99, up $0.01 from a prior closing price of $6.98. However, the script later moved the day high at 6.99, down -2.87%. The company’s stock has a 5-day price change of -8.38% and -5.31% over the past three months. PSEC shares are trading -3.00% year to date (YTD), with the 12-month market performance down to -16.19% lower. It has a 12-month low price of $6.09 and touched a high of $8.63 over the same period. PSEC has an average intraday trading volume of 1.30 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.04%, -8.13%, and -7.74% respectively.
Institutional ownership of Prospect Capital Corporation (NASDAQ: PSEC) shares accounts for 8.62% of the company’s 399.43M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $2.71B. The stock’s trailing 12-month PE ratio is 84.75, while the earnings-per-share (ttm) stands at $0.08. The company has a PEG of 16.95. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.57% over the week and 1.93% over the month.
Analysts forecast that Prospect Capital Corporation (PSEC) will achieve an EPS of $0.24 for the current quarter, $0.24 for the next quarter and $0.92 for 2024. The lowest estimate earnings-per-share for the quarter is $0.21 while analysts give the company a high EPS estimate of $0.27. Comparatively, EPS for the current quarter was $0.22 a year ago. Earnings per share for the fiscal year are expected to increase by 13.60%, and -2.20% over the next financial year. EPS should grow at an annualized rate of 5.00% over the next five years, compared to 2.74% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Prospect Capital Corporation (PSEC) as a “Hold” at a consensus score of 3.50. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 1 rated it as a “Sell.”
Wells Fargo coverage for the Prospect Capital Corporation (PSEC) stock in a research note released on June 25, 2020 offered a Underweight rating with a price target of $4.50. Raymond James was of a view on April 20, 2020 that the stock is Underperform, while Barclays gave the stock Underweight rating on January 22, 2019, issuing a price target of $7- $6. Raymond James on their part issued Mkt Perform rating on August 30, 2017.
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