In today’s recent session, 0.94 million shares of the Prospect Capital Corp (NASDAQ:PSEC) have been traded, and its beta is 0.84. Most recently the company’s share price was $3.20, and it changed around $0.02 or 0.63% from the last close, which brings the market valuation of the company to $1.44B. PSEC at last check was trading at a discount to its 52-week high of $5.65, offering almost -76.56% off that amount. The share price’s 52-week low was $3.14, which indicates that the recent value has risen by an impressive 1.88% since then. We note from Prospect Capital Corp’s average daily trading volume that its 10-day average is 2.88 million shares, with the 3-month average coming to 3.31 million.
Prospect Capital Corp (NASDAQ:PSEC) trade information
Instantly PSEC has been showing a green trend so far today with a performance of 0.63% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.38 on recent trading dayincreased the stock’s daily price by 5.33%. The company’s shares are currently down -25.75% year-to-date, but still down -4.76% over the last five days. On the other hand, Prospect Capital Corp (NASDAQ:PSEC) is -12.81% down in the 30-day period. We can see from the shorts that 29.46 million shares have been sold at a short interest cover period of 8.58 day(s).
The consensus price target as assigned by Wall Street analysts is $4.5, which translates to bulls needing to increase their stock price by 28.89% 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
The year-over-year growth rate is expected to be -16.49%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 167.08M in revenue for the current quarter. 1 analysts expect Prospect Capital Corp to make 164.88M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 212.26M and 196.31M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -21.29%. Forecasts for the next quarter put sales growth at -16.01%.
PSEC Dividends
Prospect Capital Corp’s next quarterly earnings report is expected to be released on 2025-May-08. The annual dividend yield of the stock is 19.22 percent and its annual dividend per share was 0.61. It is important to note, however, that the 19.22% 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 11.78 per year.
Prospect Capital Corp (NASDAQ:PSEC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 28.11% of Prospect Capital Corp shares, and 13.74% of them are in the hands of institutional investors. The stock currently has a share float of 19.11%. Prospect Capital Corp stock is held by 245.0 institutions, with VAN ECK ASSOCIATES CORP being the largest institutional investor. By 2024-06-30, it held 1.7062% of the shares, which is about 7.25 million shares worth $40.09 million.
Y.D. MORE INVESTMENTS LTD, with 1.1917% or 5.06 million shares worth $29.06 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
