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.



Like this

Latest


01 October 2017
Tony Popovic quits Wanderers on A-League eve, reports
The news broke on Sunday morning - barely 24 hours after Popovic attended the club's family day and posed for photos. According to The Daily Telegraph , the 44-year-old former Socceroo handed in his resignation on Sunday.

01 October 2017
Dodgers And Clayton Kershaw Look To Take Game 2 Against Rockies
Trevor Story added a two-run shot in the fourth to make it 7-1, and the team coasted from there to victory. The three runs allowed in four innings raised Kershaw's final ERA for the season to 2.31.

01 October 2017
Lin-Manuel Miranda to Donald Trump: 'You're Going Straight to Hell'
During an interview Friday on CNN , she cast the situation as "a story of devastation that continues to worsen". I am done being polite. "I am done being politically correct.

01 October 2017
Louisiana sends emergency response teams to Puerto Rico
Eight members of the 126th Air Refueling Wing at Scott Air Force Base in Belleville arrived in Puerto Rico on September 23. When installed, the generator will enhance air traffic control capability and increase air traffic capacity.

01 October 2017
Flotek Industries, Inc. (NYSE:FTK) Experiences Heavier than Average Trading Volume
Seaport Global Securities restated a "buy" rating on shares of Flotek Industries in a research note on Thursday, July 20th. Out of rating recommendations 0 have given the stock a Buy while 2 recommend the stock as Outperform.

01 October 2017
'Saturday Night Live' premieres with host Ryan Gosling
Baldwin and McKinnon earned Emmys earlier this month for their hilarious depictions of Donald Trump and Hillary Clinton . Afterwards, the clip immediately cuts to Gosling attempting to rush past security at 30 Rock after being refused entry.

01 October 2017
Florida State's Fisher expects Tate, Thomas to play Saturday
Wake Forest: The Demon Deacons were trying to reach 5-0 for the first time since its unexpected ACC championship run in 2006. Wake Forest outgained Florida State by almost 100 yards (367-270), finished with five sacks and had 17 tackles for loss.

01 October 2017
Club León explota contra renovación del Tri con televisoras
Cabe destacar que José González Ornelas, presidente del Consejo de Administración de Rayados y miembro del Comité de Comercialización , no estuvo presente durante la conferencia de prensa.

01 October 2017
Obama joins Prince Harry at Invictus Games
Obama and Prince Harry were also joined by Obama's former vice president, Joe Biden , and Biden's wife, Jill. Very friends, the prince of Wales and the ex-president have savored their reunion.

01 October 2017
Gamecocks gear up for tough battle at Texas A&M
SC didn't lead until the final five minutes, but Louisiana Tech went back on top with a field goal with less than a minute to go. Kirk has caught at least two passes in every game of his collegiate career, and he's caught at least three in 29 of them.



Recommended