Prospect Capital Corporation (PSEC)

Prospect Capital Discounted Valuations after Fiscal 1Q18 Earnings

Prospect Capital Discounted Valuations after Fiscal 1Q18 Earnings

According to Prospect Capital Corporation (PSEC) most recent 13F filing, the company has 20 new institutional holders - accounting for 1.93 million shares of its common stock. Trading volume for Prospect Capital Corporation was 5.78 Million in its previous trading session. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 4 average brokerage recommendation.

Whereas for long term intention, measuring performance with long timeframe can help for taking more accurate investment decision that includes quarter, semi-annual and annual performance. Finally, TheStreet lowered shares of Prospect Capital Corporation from a b- rating to a c+ rating in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. BMO Capital Markets maintained it with "Hold" rating and $700 target in Wednesday, May 31 report. Past 5 years growth of the company observed at -12.88%, and for the next five years the analysts that follow the company are expecting its growth at 5%. The stock has a market cap of $2,147.95, a PE ratio of 7.36 and a beta of 0.51. The Stock now has a Weekly Volatility of 4.63% and Monthly Volatility of 2.86%. Prospect Capital Corporation had 16 analyst reports since August 27, 2015 according to SRatingsIntel.

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. Net earnings for the quarter were posted at $0.18 per share, whereas Wall Street had forecast $0.19 per share. The company had revenue of $158.58 million for the quarter, compared to analysts' expectations of $161.00 million. As a result, the company has an EPS growth of 2.7% for the approaching year. If you are accessing this report on another website, it was illegally stolen and reposted in violation of USA & worldwide copyright and trademark laws. The correct version of this article can be read at https://www.dispatchtribunal.com/2017/11/14/prospect-capital-corporation-psec-cut-to-sell-at-zacks-investment-research.html.

The newly announced dividend which will be paid on Thursday, February 15th. Investors of record on Friday, September 30th were given a dividend of $0.0833 per share. The ex-dividend date is Tuesday, January 30th. This represents a $1.00 annualized dividend and a yield of 13.07%. It dropped, as 25 investors sold Prospect Capital Corporation shares while 48 reduced holdings. The shares were purchased at an average price of $6.73 per share, for a total transaction of $336,500.00. Institutional investors and hedge funds own 11.09% of the company's stock. Insiders own 7.10% of the company's stock.

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Analysts often look at short interest, or the number of shares now being shorted by investors, to aid in their outlook for a particular stock. The third largest holder is Van Eck Associates Corp, which now holds $13.51 million worth of this stock and that ownership represents almost 0.64% of its market capitalization.

However looking at valuation ratios the stock has 5 year expected PEG ratio of 2.36 whereas its trailing twelve month P/E ratio is 11.78. Advisors Asset Management Inc. boosted its holdings in Prospect Capital Corporation by 9.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,129,874 shares of the financial services provider's stock valued at $9,175,000 after acquiring an additional 101,841 shares in the last quarter.

ILLEGAL ACTIVITY WARNING: "Prospect Capital Corporation (NASDAQ:PSEC) Receiving Somewhat Favorable Press Coverage, Study Finds" was published by Week Herald and is owned by of Week Herald. Nwam LLC now owns 20,287 shares of the company's stock worth $159,000 after buying an additional 7,237 shares during the last quarter. Boston Private Wealth Limited Liability Corp has invested 0.03% in Prospect Capital Corporation (NASDAQ:PSEC). California Public Employees Retirement System now owns 767,000 shares of the financial services provider's stock valued at $6,228,000 after purchasing an additional 20,100 shares during the last quarter. Finally, Essex Financial Services Inc. raised its stake in Prospect Capital Corp.by 1.4% in the second quarter. The Firm primarily lends to and invests in middle market privately held companies.

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