Prospect Capital Corporation (NASDAQ:PSEC)'s Trend Up, Especially After Decreased Shorts

Prospect Capital Corporation is a financial services company. As per Thursday, February 11, the company rating was downgraded by Raymond James. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. FBR Capital has "Outperform" rating and $10 target.

In other news, insider John F. Barry purchased 995,883 shares of Prospect Capital stock in a transaction on Monday, November 20th. With 2.96M shares average volume, it will take short sellers 10 days to cover their PSEC's short positions. The Cambridge Investment Research Advisors Inc holds 420,750 shares with $3.42 million value, down from 468,536 last quarter. Prospect Capital's payout ratio is now 144.00%. It closed at $6.85 lastly. Prospect Capital Cp (NASDAQ:PSEC)'s price sits 6.94% above from its 50-day moving average of $6.28 and -13% away from the stock's 200-day moving average which is $7.3. Therefore 11% are positive. Raymond James Financial upgraded Prospect Capital from an "underperform" rating to a "market perform" rating in a research report on Wednesday, August 30th. On Friday, October 6 the stock rating was maintained by BMO Capital Markets with "Hold". On Friday, January 29 the stock rating was initiated by National Securities with "Neutral". TheStreet cut shares of Prospect Capital from a "b-" rating to a "c+" rating in a research report on Wednesday, September 27th. The rating was maintained by RBC Capital Markets with "Sector Perform" on Thursday, February 11. The original version of this piece of content can be accessed at https://weekherald.com/2017/11/30/prospect-capital-corporation-psec-shares-sold-by-catalyst-capital-advisors-llc.html. The firm earned "Hold" rating on Wednesday, May 31 by BMO Capital Markets. The rating was maintained by BMO Capital Markets with "Hold" on Wednesday, May 31. 181,925 were reported by Wells Fargo & Co Mn.

Investors sentiment decreased to 1.15 in Q2 2017. Next year this growth will reach 1.39% to attain $0.73. Prospect Capital Cp (NASDAQ:PSEC) has a market cap of $2.49 Billion and the number of outstanding shares have been calculated 363.04 Million.

VANGUARD GROUP INC raised its stake in Cardinal Health, Inc. Mackenzie holds 0.01% or 231,760 shares.


Bessemer Group accumulated 0% or 2,268 shares. FBR Capital downgraded the stock to "Market Perform" rating in Thursday, May 11 report. The NASDAQ-listed company saw a recent bid of $6.87 on volume of 4.76 million shares. Citigroup stated it has 29,532 shares. Royal Bancshares Of Canada owns 178,560 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management Corporation holds 0.01% or 96,101 shares in its portfolio. Contravisory Inv Management has invested 0.05% in Prospect Capital Corporation (NASDAQ:PSEC). Rhumbline Advisers has 26,791 shares for 0% of their portfolio. Winch Advisory Serv Limited Com owns 511 shares for 0% of their portfolio.

Prospect Capital (NASDAQ:PSEC) last posted its quarterly earnings data on Wednesday, November 8th. Commonwealth Equity Inc accumulated 749,097 shares. Nebraska-based Ameritas Invest Prtn has invested 0% in Prospect Capital Corporation (NASDAQ:PSEC). Bancorpsouth reported 0.02% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC). PSEC's profit will be $64.88M for 9.51 P/E if the $0.18 EPS becomes a reality. Prospect Capital's revenue was down 11.8% compared to the same quarter last year. equities research analysts anticipate that Prospect Capital will post 0.72 EPS for the current fiscal year. It also upped Vanguard Star Fd Vg Tl (VXUS) stake by 430,095 shares and now owns 5.05 million shares. About 227,923 shares traded. Fifth Street Senior Floating Rate Corp. Prospect Capital Corporation has a 12-month low of $5.51 and a 12-month high of $9.58. It has underperformed by 12.37% the S&P500. (NYSE:CAH) by 1.79% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The Average True Range, a measure of volatility is at 0.21, however its weekly and monthly volatility is 1.83%, 3.94% respectively. Approximately 9.1% of the company's shares are short sold. Oppenheimer reported 57,401 shares. (NASDAQ:FSFR) for 17,400 shares. Moody Commercial Bank Trust Division, Texas-based fund reported 47,600 shares. (NASDAQ:FSFR). Muzinich Com reported 1.38 million shares. Creative Planning has 2,046 shares. (NASDAQ:FSFR). 38,788 are owned by Stifel Fin.

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