Finance

What Wall Street is saying about Prospect Capital Corporation (PSEC)

Prospect Capital Corporation (NASDAQ:PSEC) stock is presently standing at about $8.11 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 5 analysts covering the company is $7.00, which suggests the stock could still rise over -16 percent. The highest analyst price target is $9.50, which implies a rally of 83 percent. And a quick view of analyst notes show that 1 are rating the stock a buy while 1 rate PSEC a strong buy. There are 2 equity research firms advocating a Hold and 2 consider it Sell.

FBR & Co. analysts provided their view on Prospect Capital Corporation (NASDAQ:PSEC) recently. The rating firm issued a Mkt Perform rating to this company in a research note released on May 11, 2017. National Securities analysts disclosed their opinion on Prospect Capital Corporation (NASDAQ:PSEC) recently. The rating firm gave a Neutral rating to this stock in a research note published on Jan 29, 2016. According to a research note disclosed on Jan 11, 2016, analysts at Wells Fargo have lowered their rating on these shares from Market Perform to Underperform.

Prospect Capital Corporation (NASDAQ:PSEC) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its CFO, CCO, TREASURY & SECRETARY OSWALD BRIAN H Purchased 490,000 company shares for 35,847, in a transaction on May 12. Following the transaction, the CFO, CCO, TREASURY & SECRETARY is left with a stake of 4,453 shares, currently valued at $36,114. Meanwhile, Director Gremp William purchased 9,602 shares worth $41,375, through a transaction dated May 11. Following the completion of the transaction, the insider is left with a stake of 5,000 shares, amounting $40,550. PSEC Director Stark Eugene S also purchased 37,000 shares, at a stock price of $8.15. This transaction occurred on May 11 totals $16,300. After this transaction, the insider’s stake stands at 2,000 shares, with a market value of $16,220.

Executives hold 6.24 percent of the stock. MUZINICH & CO., INC. is one of the biggest insider owners in Prospect Capital Corporation (NASDAQ:PSEC), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 12,063,718 shares which have current market value of around $97,836,753.BANK OF MONTREAL /CAN/ is another major inside shareholder in the company. The insider owns 5,635,500 shares as of 03/31/2017, currently worth $45,703,905. BLACKROCK INC. is ranked as third insider holder of the stock. This insider holds 2,476,553 shares with a market value around $20,084,845 as of recent close.

Prospect Capital Corporation (NASDAQ:PSEC) Earnings Outlook

In Prospect Capital Corporation (NASDAQ:PSEC)’s latest quarter, EPS moved to $0.2 from $0.24 in preceding quarter and revenues reached at $171.03M compared to $183.48M. Analysts had expected Prospect Capital Corporation (NASDAQ:PSEC) to post net income of about $0.24 per share on $184.12M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in the range of $0.23 to $0.24. That is compared with the $0.26 in EPS it reported during the same period a year ago.

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