The stock of Prospect Capital Corp (NASDAQ:PSEC) last traded at $5.23, up 4.60% from the previous session.
PSEC stock price is now -1.71% away from the 50-day moving average and -6.36% away from the 200-day moving average. The market capitalization of the company currently stands at $2.24B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On June 25, 2020, Wells Fargo recently initiated its ‘Underweight’ rating on the stock quoting a target price of $4.50, while ‘Raymond James’ rates the stock as ‘Underperform’
In other news, Van Dask Kristin Lea, CFO, TREASURER, SECRETARY, CCO bought 3,330 shares of the company’s stock on Jun 20 ’24. The stock was bought for $74,925 at an average price of $22.50. Upon completion of the transaction, the CFO, TREASURER, SECRETARY, CCO now directly owns 4,539 shares in the company, valued at $23738.97. An SEC document containing details of the transaction can be found on the SEC’s website. On May 13 ’24, CHIEF EXECUTIVE OFFICER Barry John F bought 4,099 shares of the business’s stock. A total of $22,407 was incurred on buying the stock at an average price of $5.47. This leaves the insider owning 65,796,357 shares of the company worth $344.11 million. A total of 26.02% of the company’s stock is owned by insiders.
During the past 12 months, Prospect Capital Corp has had a low of $4.69 and a high of $6.30. According to the stock market information, the enterprise value for the company is $6181809152, which is based on a 15.38 price-to-earnings ratio, a 3.08 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for PSEC is $5.314 and a two-hundred day moving average price translates $5.58355 for the stock.
The latest earnings results from Prospect Capital Corp (NASDAQ: PSEC) was released for 2024-06-30. The company reported revenue of $212.26 million for the quarter, compared to $221.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.17 percent.
Prospect Capital Corp(PSEC) Company Profile
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions. It also makes real estate investments particularly in multi-family residential real estate asset class. The fund makes secured debt, senior debt, senior and secured term loans, unitranche debt, first-lien and second lien, private debt, private equity, mezzanine debt, and equity investments in private and microcap public businesses. It focuses on both primary origination and secondary loans/portfolios and invests in situations like debt financings for private equity sponsors, acquisitions, dividend recapitalizations, growth financings, bridge loans, cash flow term loans, real estate financings/investments. It also focuses on investing in small-sized and medium-sized private companies rather than large public companies. The fund typically invests across all industry sectors, with a particular expertise in the energy and industrial sectors. It invests in aerospace and defense, chemicals, conglomerate services, consumer services, ecological, electronics, financial services, machinery, manufacturing, media, pharmaceuticals, retail, software, specialty minerals, textiles and leather, transportation, oil and gas production, coal production, materials, industrials, consumer discretionary, information technology, utilities, pipeline, storage, power generation and distribution, renewable and clean energy, oilfield services, healthcare, food and beverage, education, business services, and other select sectors. It prefers to invest in the United States and Canada. The fund seeks to invest between $10 million to $500 million per transaction in companies with EBITDA between $5 million and $150 million, sales value between $25 million and $500 million, and enterprise value between $5 million and $1000 million. It fund also co-invests for larger deals. The fund seeks control acquisitions by providing multiple levels of the capital structure. The fund focuses on sole, agented, club, or syndicated deals.
