Prospect Capital Corporation (PSEC)

Prospect Capital Discounted Valuations after Fiscal 1Q18 Earnings

Prospect Capital Corporation (NASDAQ:PSEC) reported its EPS in the last quarter as $0.18/Share lagging the analyst estimate of $0.19/Share by a difference of $-0.01.

The most recent non open market insider trade was completed by OSWALD BRIAN H on 12/30/2016, and was a disposition of 6,000 shares with a final price of $0.

Prospect Capital Corporation is a financial services company. Advisors Asset Management Inc. boosted its holdings in Prospect Capital Corporation by 9.9% in the 2nd quarter. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.63 and a quick ratio of 2.63. The original version of this news story can be viewed at The stock is a Buy among 7 brokerage firms polled by Factset Research. Arrowstreet Capital Limited Partnership acquired a new position in Prospect Capital Corporation in the 2nd quarter valued at about $7,697,000. According to the latest data, the consensus recommendation for Prospect Capital Corporation (PSEC) is Underperform. (NASDAQ:PSEC) traded down 2.941% during trading on Wednesday, hitting $7.425.

Analyzing the average trade volume of a publicly-traded company's stock - in the short, medium and long terms - is helpful for gaining insight into trading activity and general investor sentiment. Prospect Capital Corp. The company has a market cap of $2.66 billion, a P/E ratio of 25.603 and a beta of 0.49.

Prospect Capital Corporation (NASDAQ:PSEC) gross margin percentage stands at 47.2% while its operating margin for the past trailing twelve month is 48.2 percent and its overall profit margin (ttm) is 43.7 Percent. (NASDAQ:PSEC) last posted its quarterly earnings results on Monday, August 29th. The company reported the earnings of $0.18/Share in the last quarter where the estimated EPS by analysts was $0.19/share. The business's revenue was down 11.8% compared to the same quarter past year.

The stock of Prospect Capital Corporation (NASDAQ:PSEC) is a huge mover today! Bessemer Incorporated holds 0% in Prospect Capital Corporation (NASDAQ:PSEC) or 2,268 shares.

Shares of Prospect Capital Corporation (NASDAQ:PSEC) rose 0% during mid-day trading on Friday following a dividend announcement from the company.

The firm also recently declared a monthly dividend, which was paid on Thursday, October 20th. Investors Asset Management Of Georgia Inc Ga Adv owns 11,136 shares or 0.03% of their U.S. portfolio. This represents a $0.72 annualized dividend and a yield of 12.08%. The ex-dividend date of this dividend was Wednesday, September 28th. Moreover, Dnb Asset Management As has 0% invested in Prospect Capital Corporation (NASDAQ:PSEC).

A number of analysts recently commented on the company. Analysts reported that the Price Target for Prospect Capital Corporation might touch $7 high while the Average Price Target and Low price Target is $5.75 and $5 respectively. With 313,700 avg volume, 19 days are for Aci Worldwide Incorporated (NASDAQ:ACIW)'s short sellers to cover ACIW's short positions.

PSEC has been the topic of several research analyst reports. Finally, Zacks Investment Research raised Prospect Capital Corp. from a "sell" rating to a "hold" rating in a research note on Tuesday, July 26th.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -25.62%, and has a solid year to date (YTD) performance of -28.62% which means that the stock is constantly adding to its value from the previous fiscal year end price.

In other news, CFO Brian H. Oswald purchased 50,000 shares of the stock in a transaction on Friday, September 1st. The shares were bought at an average cost of $6.73 per share, for a total transaction of $336,500.00. Following the completion of the transaction, the chief financial officer now owns 493,373 shares in the company, valued at $3,320,400.29. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.60% of the company's stock.



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