Prospect Capital Co. (NASDAQ:PSEC)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.17 and traded as high as $5.63. Prospect Capital shares last traded at $5.62, with a volume of 1,209,905 shares.
Several equities research analysts have recently commented on the stock. TheStreet upgraded shares of Prospect Capital from a “c+” rating to a “b-” rating in a research report on Thursday, December 3rd. Zacks Investment Research cut shares of Prospect Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, November 10th. Finally, BidaskClub cut shares of Prospect Capital from a “buy” rating to a “hold” rating in a report on Friday, November 6th. Four investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The company currently has a consensus rating of “Sell” and a consensus price target of $5.13.
The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -112.40 and a beta of 0.97. The stock’s fifty day moving average is $5.49 and its 200-day moving average is $5.17. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.70.
The business also recently declared a monthly dividend, which will be paid on Thursday, February 18th. Stockholders of record on Friday, January 29th will be issued a $0.06 dividend. This represents a $0.72 annualized dividend and a dividend yield of 12.81%. The ex-dividend date of this dividend is Thursday, January 28th. Prospect Capital’s dividend payout ratio (DPR) is presently 100.00%.
Institutional investors have recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC acquired a new position in shares of Prospect Capital in the third quarter valued at approximately $54,000. PNC Financial Services Group Inc. boosted its holdings in shares of Prospect Capital by 2,747.3% in the second quarter. PNC Financial Services Group Inc. now owns 11,389 shares of the financial services provider’s stock valued at $58,000 after buying an additional 10,989 shares during the period. Castle Rock Wealth Management LLC acquired a new position in shares of Prospect Capital in the third quarter valued at approximately $60,000. Baird Financial Group Inc. acquired a new position in shares of Prospect Capital in the second quarter valued at approximately $79,000. Finally, CENTRAL TRUST Co acquired a new position in shares of Prospect Capital in the third quarter valued at approximately $75,000. Institutional investors own 10.86% of the company’s stock.
Prospect Capital Company Profile (NASDAQ:PSEC)
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions.
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