Economy

Short Interest in Prospect Capital Corporation (PSEC) Drops By 4

Short Interest in Prospect Capital Corporation (PSEC) Drops By 4”

Its last month's stock price volatility remained 1.28% which for the week stands at 1.4%.

According to Prospect Capital Corporation (PSEC) most recent 13F filing, the company has 25 new institutional holders - accounting for 1.67 million shares of its common stock. (NASDAQ:CME) was $135.87 and the volume amounted to 1.07 million shares which compares with the average volume of 1.22 million shares. 2,892,292 stocks of the firms shares transacted hands. the share has a 50 Day SMA price of $6.93 and a two hundred day SMA of $8.11. Raymond James Financial, Inc. upgraded shares of Prospect Capital Corporation from an "underperform" rating to a "market perform" rating in a report on Wednesday, August 30th. The shares were purchased at an average price of $6.73 per share, with a total value of $336,500.00.

Prospect Capital Cp (NASDAQ:PSEC) 52-week high price stands at $9.58 and low price stands at $6.54, its price distance from 52-week high is -29.75% while its distance from 52-week low price is 2.91%. Bank of Montreal Can now owns 5,892,500 shares of the financial services provider's stock valued at $47,847,000 after buying an additional 257,000 shares during the period. Analysts‟ target price forecasts are a prediction of a stock‟s future price, generally over the 12 months following the release date (Asquith et al., 2005).

Previously Prospect Capital Cp (NASDAQ:PSEC) reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $-0.02. Research firm Zacks lifted Prospect Capital Corporation from a "sell" recommendation to a "hold" recommendation in a study on Wed, Jul 26th.

Prospect Capital Cp (NASDAQ:PSEC)'s revenue estimates for the current quarter are $166.19 Million according to 3 number of analysts, for the current quarter the company has high revenue estimates of $167.34 Million in contradiction of low revenue estimates of $165.24 Million.

For the past 5 years, Prospect Capital Corporation's EPS growth has been almost -15.8%. Muzinich & Co. Inc. raised its stake in Prospect Capital by 40.2% in the third quarter. PVG Asset Management acquired a new position in stocks of Prospect Capital Corporation during the Q1 valued $2,872,000. Prospect Capital Corporation has a 12-month low of $6.54 and a 12-month high of $9.58.

Short Interest in Prospect Capital Corporation (PSEC) Drops By 4

02/11/2016 - Prospect Capital Corporation had its "sector perform" rating reiterated by analysts at RBC Capital. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. To adjust for differences in capital structure we'll use EBITDA margin and Return on Investment (ROI) as measures of profitability and return.

Shares of Prospect Capital Corporation (NASDAQ PSEC) opened at 6.72 on Monday. The company's P/E (price to earnings) ratio is 9.53 and Forward P/E ratio of 8.42. This showed a surprise of -9.5% in the last quarter earnings. Investors of record on Friday, March 31st were paid a dividend of $0.0833 per share. The ex-dividend date was Wednesday, March 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.76%. Following the acquisition, the chief financial officer now directly owns 493,373 shares in the company, valued at $3,320,400.29. Interested traders may be keeping an eye on the Williams Percent Range or Williams %R.

05/29/2014 - Prospect Capital Corporation was upgraded to "equal weight" by analysts at Evercore ISI.

04/10/2014 - Prospect Capital Corporation was upgraded to "buy" by analysts at Guggenheim.

02/08/2016 - Prospect Capital Corporation had its "underperform" rating reiterated by analysts at Wells Fargo. Van ECK Associates has an ownership of 1,897,023 stocks of the financial services provider's shares valued $17,149,000 following acquiring an extra 415,831 stocks in the previous period. But given the extent of the resulting sell-off and the current state the market as far as PSEC valuations are concerned, it looks as though it is time to consider the company as a viable option for investors that lack elevated dividend selections in their portfolios. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.



Like this

Latest


04 October 2017
New Jack Ryan Teaser Offers First Look at John Krasinski
Amazon will debut Tom Clancy's Jack Ryan , from Paramount Television and Skydance Television, in 2018 on Prime Video. Krasinki is the latest to play the character and for the first time in the the small screen.

04 October 2017
Alicia Keys, Stella McCartney team up for breast cancer campaign
The White House said that more than 250,000 U.S. women and 2,000 men would likely be diagnosed with breast cancer this year. Bush was the first president to cast the White House in pink lights to raise awareness for breast cancer in October 2008.

04 October 2017
Injustice 2 adds Mortal Kombat mainstay Raiden today
To mark the occasion, NetherRealm Studios is releasing the familiar character Raiden as a downloadable roster addition. His super move also includes an elaborate set where he summons an electrified version of Mortal Kombat's dragon.

04 October 2017
What Las Vegas massacre could mean for gun industry
USA president Donald Trump has repeatedly said he loves the Second Amendment which lays out the right to bear arms. Or will we demand safety in our daily lives - at church, school, concerts and movie theaters?

04 October 2017
Nuclear accord with Iran in USA interest: Mattis
Trump has recertified the deal twice since taking office in January, but has indicated that he might not this time. If he determines it is violating the deal lawmakers will have 60 days to decide on new sanctions.

04 October 2017
Gujarat BJP Councillor Tied To Tree, Beaten Up Amid Anger Over Demolition
The office told people it had sent a notice to the local councillor prompting him about the proposed action. The councillor, who was later rescued by police, has sustained injuries in his hands.

04 October 2017
Blizzard teases Overwatch Halloween Terror 2017
It's not exactly what I would call a safe environment for creative people to openly express their thoughts and feelings". The "public speaking/posting" part of the job is downright scary and intimidating.

04 October 2017
4K HDR Streaming Stick Unveiled by Roku
It now comes with voice remote that provides TV power and volume control with compatible modles; exceptional HD, for $49.99. There is also a 4K Spotlight Channel update that allows you to more easily find 4K and HDR content all from one place.

04 October 2017
Local blood centers encouraging donations
Whole blood donors are asked to schedule an appointment over the next few weeks to ensure available blood supplies. They ask donors to continue to give regularly to meet ongoing need for blood locally and nationally.

04 October 2017
Bernstein Upgrades Huntington Bancshares Incorporated (NASDAQ:HBAN) to Outperform
The stock increased 0.65% or $0.09 during the last trading session, reaching $13.96. 8,818,478 shares of the company traded hands. The New York-based Renaissance Technology Ltd Llc has invested 0% in Huntington Bancshares Incorporated (NASDAQ: HBAN ).



Recommended