Stocks of Prospect Capital Corp (NASDAQ:PSEC) traded higher last session on Wall Street, up 1.31% to $4.65.
PSEC stock price is now -9.12% away from the 50-day moving average and -13.11% away from the 200-day moving average. The market capitalization of the company currently stands at $2.03B.
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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, Barry John F, CHIEF EXECUTIVE OFFICER bought 1,000,000 shares of the company’s stock on Nov 19 ’24. The stock was bought for $4,630,000 at an average price of $4.63. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 74,465,285 shares in the company, valued at $346.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 19 ’24, Chief Operating Officer Eliasek M Grier bought 5,000 shares of the business’s stock. A total of $22,500 was incurred on buying the stock at an average price of $4.50. This leaves the insider owning 1,686,130 shares of the company worth $7.84 million. A total of 26.77% of the company’s stock is owned by insiders.
During the past 12 months, Prospect Capital Corp has had a low of $4.15 and a high of $6.30. According to the stock market information, the enterprise value for the company is $5819039744, which is based on a 13.68 price-to-earnings ratio, a 2.74 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for PSEC is $5.1316 and a two-hundred day moving average price translates $5.35765 for the stock.
The latest earnings results from Prospect Capital Corp (NASDAQ: PSEC) was released for 2024-09-30. The company reported revenue of $196.31 million for the quarter, compared to $236.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.9 percent.
