Shares of Prospect Capital Corp. (NASDAQ:PSEC) hit 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 topic of several analyst reports. TheStreet raised shares of Prospect Capital Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, May 11th. National Securities lowered shares of Prospect Capital Corp. from a “neutral” rating to a “sell” rating and set a $7.00 price target on the stock. in a research report on Tuesday, July 19th. Deutsche Bank AG lowered shares of Prospect Capital Corp. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $8.50 to $7.00 in a research report on Thursday, April 28th. Vetr lowered shares of Prospect Capital Corp. from a “buy” rating to a “hold” rating and set a $7.97 price target on the stock. in a research report on Thursday, June 2nd. Finally, Zacks Investment Research raised shares of Prospect Capital Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 26th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $7.80.

The company’s 50-day moving average is $8.29 and its 200-day moving average is $7.56. The firm has a market cap of $3.00 billion and a price-to-earnings ratio of 29.13.

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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