Prospect Capital Corporation (NASDAQ:PSEC) registered a 0.47% increase, still its new closing price is 86.32% up from the company’s 1 year high of 8.70.It posted -1.23% losses in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 1 sells versus 1 buy or better ratings. The 8 stock analysts following this company have an average price target at $8.05, with individual PT in the $7.00-$9.50 range. The shares moved at $8.56, implying that brokerage firms see shares gaining about 60.19% in twelve months time.
Prospect Capital Corporation (PSEC) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 3.50% rise year to date. A CFO, CCO, TREASURY & SECRETARY at Prospect Capital Corporation (PSEC) acquired shares in a transaction closed on Wednesday December 14, 2016. OSWALD BRIAN H bought 5,000 shares in the company at $8.18 each and collected $40,001 in proceeds. OSWALD BRIAN H now owns 485,000 shares in the company after this transaction. A Director in the company, Stark Eugene S, disclosed a transaction on Thursday November 10, 2016 that ended up paying $7,001 from the purchase of 1,000 shares at $7.65 per share.
Prospect Capital Corporation (NASDAQ:PSEC) Upcoming Results on Tap
Prospect Capital Corporation will next provide financial results for the September 2017 quarter. Stock analysts expect it to report per-share earnings of $0.25 in that period. Sales during the quarter are predicted to arrive at $193.25 million.
Prospect Capital Corporation (PSEC) Brokerage Update
Prospect Capital Corporation (PSEC) is in Wells Fargo’s research list so their analyst rating change is noteworthy. These shares were downgraded to Underperform from Market Perform by Wells Fargo, according to news reported on Monday January 11, 2016.Another important research note was issued by Barclays on Thursday December 18, 2014.The firm downgraded PSEC to Equal Weight from Overweight. Over the last six months and over the last three months, the shares of Prospect Capital Corporation (PSEC), have changed 9.08% and 15.25%, respectively.