Prospect Capital Corp. (NASDAQ:PSEC)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $8.35 and last traded at $8.28, with a volume of 846,089 shares changing hands. The stock had previously closed at $8.32.

Several equities analysts recently weighed in on the stock. Vetr raised shares of Prospect Capital Corp. from a “hold” rating to a “buy” rating and set a $7.97 target price for the company in a research note on Monday, June 13th. Zacks Investment Research raised shares of Prospect Capital Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, May 19th. FBR & Co reissued a “buy” rating on shares of Prospect Capital Corp. in a research note on Thursday, May 12th. TheStreet raised shares of Prospect Capital Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, May 11th. Finally, National Securities reissued a “neutral” rating and issued a $7.00 target price on shares of Prospect Capital Corp. in a research note on Thursday, May 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Prospect Capital Corp. has a consensus rating of “Hold” and an average price target of $7.77.

The stock’s 50 day moving average is $7.81 and its 200 day moving average is $7.17. The firm has a market capitalization of $2.95 billion and a price-to-earnings ratio of 28.69.

Prospect Capital Corp. (NASDAQ:PSEC) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.01. During the same quarter in the previous year, the business posted $0.24 earnings per share. The business earned $189.50 million during the quarter, compared to analysts’ expectations of $196.02 million. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts expect that Prospect Capital Corp. will post $1.03 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.0833 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.02%. The ex-dividend date is Monday, August 29th.

Other institutional investors have recently modified their holdings of the company. Bank of Montreal Can raised its position in shares of Prospect Capital Corp. by 134.2% in the fourth quarter. Bank of Montreal Can now owns 4,022,830 shares of the company’s stock worth $28,080,000 after buying an additional 2,305,257 shares during the last quarter. Camelot Portfolios LLC raised its position in shares of Prospect Capital Corp. by 7.5% in the fourth quarter. Camelot Portfolios LLC now owns 500,971 shares of the company’s stock worth $3,497,000 after buying an additional 34,760 shares during the last quarter. Trust & Fiduciary Management Services Inc. raised its position in shares of Prospect Capital Corp. by 1.3% in the fourth quarter. Trust & Fiduciary Management Services Inc. now owns 416,550 shares of the company’s stock worth $2,908,000 after buying an additional 5,143 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Prospect Capital Corp. by 344,815.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 155,212 shares of the company’s stock worth $1,083,000 after buying an additional 155,167 shares during the last quarter.

Prospect Capital Corporation is a financial services company. The Company is a non-diversified closed-end investment company. The Company’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes.

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