Prospect Capital Corporation (PSEC) : The consensus on Prospect Capital Corporation (PSEC) based on 8 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Prospect Capital Corporation (PSEC) : The highest short term price target forecast on Prospect Capital Corporation (PSEC) is $10 and the lowest target price is $7. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $8.3 with a standard deviation of $1.2.
Company shares have received an average consensus rating of Hold for the current week
Prospect Capital Corporation (NASDAQ:PSEC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.30 and $8.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.33, notching a gain of 0.36% for the day. The total traded volume was 1,264,172 . The stock had closed at $8.30 on the previous day.
Prospect Capital Corporation is a financial services company. The Company is a non-diversified closed-end investment company. The Companys 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. The Company primarily lends to and invests in middle market privately-held companies. Its investments include lending in private equity sponsored transactions; lending directly to companies not owned by private equity firms; control investments in corporate operating companies; control investments in financial companies; investments in structured credit; real estate investments; investments in syndicated debt; aircraft leasing, and online lending. The Company is managed by its investment adviser, Prospect Capital Management L.P.