Analysts’ Weekly Ratings Updates for Prospect Capital (PSEC)

A number of firms have modified their ratings and price targets on shares of Prospect Capital (NASDAQ: PSEC) recently:

  • 1/15/2020 – Prospect Capital was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments. “
  • 1/9/2020 – Prospect Capital was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments. “
  • 1/8/2020 – Prospect Capital was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 1/2/2020 – Prospect Capital was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments. “
  • 12/27/2019 – Prospect Capital was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 12/25/2019 – Prospect Capital was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/25/2019 – Prospect Capital was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments. “
  • 12/18/2019 – Prospect Capital was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 12/18/2019 – Prospect Capital was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/11/2019 – Prospect Capital was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/4/2019 – Prospect Capital was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments. “
  • 12/4/2019 – Prospect Capital was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/3/2019 – Prospect Capital was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 11/27/2019 – Prospect Capital was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments. “
  • 11/21/2019 – Prospect Capital was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments. “

Shares of Prospect Capital stock traded up $0.01 during trading on Thursday, hitting $6.54. 9,073 shares of the stock traded hands, compared to its average volume of 1,614,402. The stock has a market cap of $2.38 billion, a P/E ratio of 7.69 and a beta of 0.74. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.29 and a current ratio of 1.29. Prospect Capital Co. has a twelve month low of $6.21 and a twelve month high of $6.97. The company has a fifty day moving average price of $6.53 and a two-hundred day moving average price of $6.54.

Prospect Capital (NASDAQ:PSEC) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.14). The firm had revenue of $161.88 million for the quarter, compared to analyst estimates of $162.98 million. Prospect Capital had a net margin of 11.49% and a return on equity of 9.05%. During the same quarter in the prior year, the firm earned $0.23 earnings per share. On average, equities research analysts expect that Prospect Capital Co. will post 0.72 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be paid a $0.06 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.01%. The ex-dividend date is Tuesday, December 31st. Prospect Capital’s payout ratio is 84.71%.

Hedge funds have recently modified their holdings of the stock. Principle Wealth Partners LLC bought a new position in shares of Prospect Capital in the 3rd quarter valued at approximately $153,000. Scopia Capital Management LP bought a new position in shares of Prospect Capital in the 3rd quarter valued at approximately $7,152,000. First National Bank of Omaha bought a new position in shares of Prospect Capital in the 3rd quarter valued at approximately $66,000. California Public Employees Retirement System raised its stake in shares of Prospect Capital by 56.2% in the 3rd quarter. California Public Employees Retirement System now owns 870,300 shares of the financial services provider’s stock valued at $5,735,000 after acquiring an additional 313,200 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Prospect Capital by 59.9% in the 3rd quarter. SG Americas Securities LLC now owns 85,434 shares of the financial services provider’s stock valued at $563,000 after acquiring an additional 32,000 shares in the last quarter. 12.62% of the stock is currently owned by institutional investors and hedge funds.

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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