Prospect Capital Corporation (NASDAQ:PSEC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 8 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Deutsche Bank, downgrades their rating on the shares of Prospect Capital Corporation (NASDAQ:PSEC). Deutsche Bank has a Hold rating on the shares. 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) shares are expected to touch $8.3 in the short term. This short term price target has been shared by 5 analysts. However, the standard deviation of short term price estimate has been valued at 1.2. The target price could hit $10 on the higher end and $7 on the lower end.
Prospect Capital Corporation (NASDAQ:PSEC) rose 0.65% or 0.05 points on Tuesday and made its way into the gainers of the day. After trading began at $7.76 the stock was seen hitting $7.84 as a peak level and $7.75 as the lowest level. The stock ended up at $7.79. The daily volume was measured at 1,153,371 shares. The 52-week high of the share price is $8.09 and the 52-week low is $5.21. The company has a market cap of $2,777 million.
Shares of Prospect Capital Corporation rose by 4.28% in the last five trading days and 5.58% for the last 4 weeks. Prospect Capital Corporation is up 12.81% in the last 3-month period. Year-to-Date the stock performance stands at 18.35%.
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.