In today’s recent session, 0.95 million shares of the Prospect Capital Corp (NASDAQ:PSEC) have been traded, and its beta is 0.99. Most recently the company’s share price was $5.44, and it changed around $0.04 or 0.74% from the last close, which brings the market valuation of the company to $2.33B. PSEC at last check was trading at a discount to its 52-week high of $6.30, offering almost -15.81% off that amount. The share price’s 52-week low was $4.69, which indicates that the recent value has risen by an impressive 13.79% since then. We note from Prospect Capital Corp’s average daily trading volume that its 10-day average is 2.7 million shares, with the 3-month average coming to 2.59 million.
Prospect Capital Corp stock received a consensus recommendation rating of Hold, based on a mean score of 4.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended PSEC as a Hold, whereas 0 deemed it a Buy, and 2 rated it as Underweight. Prospect Capital Corp is expected to report earnings per share of 0.17 for the current quarter.
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Prospect Capital Corp (NASDAQ:PSEC) trade information
Instantly PSEC has been showing a green trend so far today with a performance of 0.74% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.57 on recent trading dayincreased the stock’s daily price by 2.33%. The company’s shares are currently down -9.18% year-to-date, but still up 2.26% over the last five days. On the other hand, Prospect Capital Corp (NASDAQ:PSEC) is 9.02% up in the 30-day period. We can see from the shorts that 21.42 million shares have been sold at a short interest cover period of 6.04 day(s).
The consensus price target as assigned by Wall Street analysts is $4.5, which translates to bulls needing to decrease their stock price by -20.89% from its current value. Analyst projections state that PSEC is forecast to be at a low of $4.5 and a high of $4.5.
Prospect Capital Corp (PSEC) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -32.00% in revenue this quarter, and will report a decrease of -11.10% in the next quarter. The year-over-year growth rate is expected to be -9.20%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 204.76M in revenue for the current quarter. 1 analysts expect Prospect Capital Corp to make 203.05M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will drop, forecast at -13.30%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.90%. Prospect Capital Corp earnings are expected to increase by -40.20% in 2024, but the outlook is positive 5.00% per year for the next five years.
PSEC Dividends
Prospect Capital Corp’s next quarterly earnings report is expected to be released on 2024-Nov-06. The annual dividend yield of the stock is 13.24 percent and its annual dividend per share was 0.72. It is important to note, however, that the 13.24% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 11.37 per year.
Prospect Capital Corp (NASDAQ:PSEC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 27.01% of Prospect Capital Corp shares, and 10.25% of them are in the hands of institutional investors. The stock currently has a share float of 14.05%. Prospect Capital Corp stock is held by 257.0 institutions, with VAN ECK ASSOCIATES CORP being the largest institutional investor. By 2024-06-30, it held 1.7489% of the shares, which is about 7.25 million shares worth $40.09 million.
Y.D. MORE INVESTMENTS LTD, with 1.2216% or 5.06 million shares worth $29.06 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VanEck ETF Trust -VanEck BDC Income ETF and Invesco ETF Tr-Invesco KBW High Div Yld Financial ETF were the top two Mutual Funds as of Jul 31, 2024. The former held 7.11 shares worth $38.69 million, making up 1.66% of all outstanding shares. On the other hand, Invesco ETF Tr-Invesco KBW High Div Yld Financial ETF held roughly 2.17 shares worth around $11.81 million, which represents about 0.51% of the total shares outstanding.
