Prospect Capital Corp. (PSEC) Sets New 1-Year High at $8.48
Prospect Capital Corp. (NASDAQ:PSEC)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $8.48 and last traded at $8.46, with a volume of 692,529 shares traded. The stock had previously closed at $8.46.
PSEC has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Prospect Capital Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. TheStreet raised shares of Prospect Capital Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, May 11th. Vetr raised shares of Prospect Capital Corp. from a “hold” rating to a “buy” rating and set a $7.97 price objective for the company in a report on Monday, June 13th. National Securities downgraded shares of Prospect Capital Corp. from a “neutral” rating to a “sell” rating and set a $7.00 price target for the company. in a report on Tuesday, July 19th. Finally, FBR & Co reissued a “buy” rating on shares of Prospect Capital Corp. in a report on Thursday, May 12th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $7.79.
The firm’s 50 day moving average price is $8.26 and its 200 day moving average price is $7.55. The company has a market cap of $3.02 billion and a price-to-earnings ratio of 29.31.
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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