Analyst Rating Update on Prospect Capital Corporation (PSEC)

Prospect Capital Corporation (NASDAQ:PSEC) has an average broker rating of 3, which is interpreted as a Hold, as rated by 8 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Prospect Capital Corporation (NASDAQ:PSEC) : The most positive equity analysts on Prospect Capital Corporation (NASDAQ:PSEC) expects the shares to touch $10, whereas, the least positive believes that the stock will trade at $7 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $8.3 with an expected fluctuation of $1.2 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Major Brokerage house, Deutsche Bank downgrades its ratings on Prospect Capital Corporation (NASDAQ:PSEC). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 28, 2016.

Prospect Capital Corporation (NASDAQ:PSEC): stock turned positive on Tuesday. Though the stock opened at $7.64, the bulls momentum made the stock top out at $7.775 level for the day. The stock recorded a low of $7.63 and closed the trading day at $7.76, in the green by 1.70%. The total traded volume for the day was 1,645,991. The stock had closed at $7.63 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Prospect Capital Corp, Stark Eugene S, had purchased 1,000 shares in a transaction dated on May 12, 2016. The transaction was executed at $7.45 per share with total amount equaling $7,450.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.