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.

Stock Under Scrutiny: Prospect Capital Cp (PSEC)

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.



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