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

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

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.