A Peek At What Prospect Capital Corporation (PSEC) Insiders Are Doing

Prospect Capital Corporation (NASDAQ:PSEC) saw an upside of 0.62% to close Monday at $8.11 after adding $0.05 on the day. The 5-day average trading volume is 1,461,640 shares of the company’s common stock. It has gained $8.18 in the past week. An average of 1,717,075 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,707,738.

PSEC’s 1-month performance is 4.51% or $0.35 on its low of $7.64 reached on 09/20/21. The company’s shares have touched a 52-week low of $4.91 and high of $9.25, with the stock’s rally to the 52-week high happening on 06/09/21. YTD, PSEC has achieved 49.91% or $2.70. However, the current price is down -12.32%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 30.45 and a low of 3.064. PSEC stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.97 while the price-to-book (PB) in the most recent quarter is 0.90.

Prospect Capital Corporation pays an annual dividend of $0.72 per share. Its dividend yield is 8.88%. PSEC paid $0.06 a share compared with prior rate of $0.06, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend decrease of $0.0233 reported on Tuesday August 29 2017. Measured over the last 3 years, the Dividend has been growing by -20.59% yearly.

It is projected that Prospect Capital Corporation’s next ex-dividend date will be on 26-Oct-2021. PSEC is expected to distribute $0.06 as its next dividend.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected PSEC to announce $0.17 per share in earnings in its latest quarter, but it posted $0.19, representing a 11.80% surprise. PSEC stock balance sheet for the quarter ending June 29 shows that, with total debt at $2.23 billion

Technical Picture

Let’s look briefly at Prospect Capital Corporation (PSEC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 67.84% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.22%.

The stock’s 5-day moving average is $8.00, reflecting a +2.92% or $0.23 change from its current price. PSEC is currently trading +5.32% above its 20-day SMA, -1.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +0.12% and +48.53% respectively.

Stochastic %K and %D was 85.20% and 80.75% and the average true range (ATR) pointed at 0.12. The RSI (14) points at 60.36%, while the 14-day stochastic is at 85.71% with the period’s ATR at 0.13. The stock’s 9-day MACD Oscillator is pointing at 0.14 and 0.15 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Prospect Capital Corporation (NASDAQ: PSEC), Wells Fargo launched coverage with an Underweight rating. Analysts offering their rating for PSEC stock have a consensus rating for the stock as Sell. Currently, 2 brokerage advisors rate PSEC as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is PSEC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $6.50 and a high of $6.50, with their median price target at $6.50. Looking at these predictions, the average price target given by analysts is for Prospect Capital Corporation (PSEC) stock is $6.50.

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