Prospect Capital Corporation (NASDAQ:PSEC) has been under a strong bear grip, hence the stock is down -0.46% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.12% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.41% in the last 1 week, and is up 1.15% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 5.73% from its 1 Year high price. On Sep 9, 2015, the shares registered one year high at $8.09 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $7.70 and the 200 Day Moving Average price is recorded at $7.12.
The stock has recorded a 20-day Moving Average of 2.95% and the 50-Day Moving Average is 5.64%.
Prospect Capital Corporation (NASDAQ:PSEC): stock turned positive on Friday. Though the stock opened at $7.9, the bulls momentum made the stock top out at $7.94 level for the day. The stock recorded a low of $7.87 and closed the trading day at $7.93, in the green by 0.63%. The total traded volume for the day was 1,746,334. The stock had closed at $7.88 in the previous days trading.
In an insider trading activity, Stark Eugene S, director of Prospect Capital Corp, executed a transaction worth $7,450 on May 12, 2016. A total of 1,000 shares were purchased at an average price of $7.45. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.