What Does The Data Behind Prospect Capital Corporation (NASDAQ:PSEC) Suggest?

Trend analysis is based on historical data about the stock's performance given the overall trends of the market and particular indicators within the market.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. It is negative, as 25 investors sold Prospect Capital Corporation shares while 48 reduced holdings. Zacks Investment Research upgraded shares of Prospect Capital Corporation from a "sell" rating to a "hold" rating in a research note on Wednesday, July 26th. BMO Capital Markets maintained the shares of PSEC in report on Friday, October 6 with "Hold" rating. If the published price targets set by Prospect Capital Corporation analysts have any power to influence the stock's share price, the highest price target set for PSEC is $7. Finally, Raymond James Financial, Inc. upgraded shares of Prospect Capital Corporation from an "underperform" rating to a "market perform" rating in a research note on Wednesday, August 30th.

Among 16 analysts covering Travelers (NYSE:TRV), 6 have Buy rating, 3 Sell and 7 Hold. Trading volume for Prospect Capital Corporation was 4.49 Million in its previous trading session. Over the course of the past year PSEC has set a 52-week high of $9.58 while the corresponding low set was $5.51. It has a market cap of $2.42 Billion. During the same quarter last year, the business posted $0.22 EPS. equities research analysts forecast that Prospect Capital Corporation will post 0.72 EPS for the current fiscal year. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.19 by ($0.01).

Analysts believe that the company has the potential to earn average revenue of $156.09 Million for the current quarter. Prospect Capital Corporation had 16 analyst reports since August 27, 2015 according to SRatingsIntel. The business's revenue for the quarter was down 11.8% compared to the same quarter a year ago. Currently, Prospect Capital Corporation (NASDAQ:PSEC) has an average volume of 3.98 Million.

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Stock's minimum price target estimates has been figured out at $15 while the maximum price target forecast is established at $20. The last close places the company's stock about $0.55 off its 52 week high of $4 and $2.56 above the 52 week low of $0.89.

Prospect Capital Corporation has a beta of 0.58, offering the possibility of a higher rate of return, but also posing more risk. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & worldwide copyright & trademark legislation. The mean target price as estimated by the analysts for the company has been recorded at $50.52.

In related news, insider M Grier Eliasek bought 65,000 shares of the stock in a transaction that occurred on Monday, November 13th.

Whereas its latest closing price kept its distance from the SMA20 at -3.30% and 0.25% from SMA 50 while it was knocked up 6.63% from the simple moving average price of 200 days. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insider ownership increased by a total of 573991 shares, which suggests that PSEC's key executives are feeling more optimistic about the outlook for the stock. The disclosure for this purchase can be found here. The $5.87 level represents at least another 7.99% downside for the stock from its current price. Panagora Asset Management invested in 1.06 million shares or 0.03% of the stock. Prospect Capital Corporation's revenue was down 11.8% compared to the same quarter a year ago. Regal Investment Advisors LLC raised its holdings in Prospect Capital Corporation by 19.3% in the second quarter. The option since executed brings Oswald ownership to 575000 shares. Trexquant Investment LP acquired a new stake in Prospect Capital Corporation in the third quarter valued at approximately $108,000. Acrospire Investment Management LLC now owns 17,300 shares of the financial services provider's stock worth $140,000 after buying an additional 4,300 shares in the last quarter. JJJ Advisors Inc. acquired a new position in Prospect Capital during the fourth quarter worth $150,000. The Schafer Cullen Capital Management Inc holds 1.03 million shares with $130.15 million value, down from 1.04M last quarter.

Prospect Capital Cp (NASDAQ:PSEC) has average revenue estimates of $156.09 Million, compared to low analyst estimates of $151.94 Million and high estimates of $158.76 Million for the current quarter. The Company primarily lends to and invests in middle market privately held companies.


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