Economy

Analyst's Predictions on Deere & Company (DE), Prospect Capital Corporation (PSEC)

The firm owned 1,725,392 shares of the financial services provider's stock after selling 50,564 shares during the period. Bank of Montreal Can grew its stake in shares of Prospect Capital Corporation by 4.6% in the 2nd quarter. Cipher Capital LP raised its stake in shares of Prospect Capital Corporation by 131.0% in the 2nd quarter. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Van Eck Associate Corporation reported 2.31M shares or 0.1% of all its holdings. The stock ended last trade at $123.32 a share and the price is up more than 19.68% so far this year. Suntrust Banks Inc. grew its position in Prospect Capital Corporation by 0.6% in the first quarter.

How has the stock performed recently? Finally, UBS AG raised shares of Prospect Capital Corporation from an "underperform" rating to a "market perform" rating in a report on Wednesday, August 30th. Quantitative Investment Management LLC now owns 435,500 shares of the financial services provider's stock valued at $3,936,000 after acquiring an additional 135,700 shares during the last quarter.

Institutional investors have also been busy with the stock.

TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & worldwide trademark & copyright law. The correct version of this news story can be viewed at https://weekherald.com/2017/09/30/prospect-capital-corporation-psec-to-issue-monthly-dividend-of-0-06-on-october-19th.html. Following the transaction, the chief financial officer now owns 493,373 shares in the company, valued at approximately $3,320,400.29. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Prospect Capital Corporation (NASDAQ PSEC) traded up 0.91% during trading on Thursday, reaching $6.67. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.

Among 9 analysts covering Prospect Capital Corporation (NASDAQ:PSEC), 1 have Buy rating, 2 Sell and 6 Hold. It is now trading at $26.07 just above $25.62, the 50 day moving average and a tad above the 200 day moving average of $25.62. Traders are a little more bullish on Prospect Capital Corporation 6. of late if you take note of the fall in short interest. The company had revenue of $166.70 million for the quarter, compared to the consensus estimate of $177.21 million. Cibc Asset Inc holds 0% of its portfolio in Prospect Capital Corporation (NASDAQ:PSEC) for 11,781 shares. It has Quarterly performance and year to date performance of -17.14% and -20.12% respectively. Shares are now up over the past year, outperforming the broad market by -100% and outperformed a peer group of similar companies by 1121%. On average, equities research analysts predict that Prospect Capital Corporation will post $0.78 EPS for the current year.

Other hedge funds have also recently modified their holdings of the company. The Alberta - Canada-based Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management Corp has invested 0.01% in Prospect Capital Corporation (NASDAQ:PSEC). The ex-dividend date of this dividend is Monday, October 30th. Prospect Capital Corporation's dividend payout ratio is now 142.86%. The stock of Prospect Capital Corporation (NASDAQ:PSEC) earned "Sell" rating by National Securities on Wednesday, July 20. BidaskClub upgraded Prospect Capital Corporation from a "hold" rating to a "buy" rating in a report on Wednesday, June 28th. The stock has "Market Perform" rating by Raymond James on Wednesday, August 30. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 3.80, which implies that analysts are generally neutral in their outlook for PSEC over the next year. Using what are known as momentum indicators, we can use the stock's price momentum to get a sense of whether the stock is in the midst of, or nearing the end of, a current trend. Prospect Capital Corporation now has $2.42 billion valuation. The Company primarily lends to and invests in middle market privately held companies.



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