Prospect Capital Corporation [PSEC] gain 64.70% so far this year. What now?

Prospect Capital Corporation [NASDAQ: PSEC] traded at a high on 06/23/21, posting a 1.02 gain after which it closed the day’ session at $8.91. The company report on June 22, 2021 that Prospect Capital Funds $55 Million First Lien Senior Secured Floating Rate Term Loan to Enseo.

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Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) announced that Prospect has funded a $55 million first lien senior secured floating rate term loan to support the acquisition of Enseo Holdings, Inc. (“Enseo”) by an affiliate of H.I.G. Capital, LLC (“H.I.G.”).

Enseo is the premier provider of customer experience management technology in the U.S., offering solutions in hospitality, senior living, education, and healthcare. Located in Plano, TX, Enseo has been engineering innovative hardware and software solutions for 21 years that deliver in-room entertainment, managed WiFi, smart room automation (IoT) and energy management, and a suite of health & safety solutions including employee emergency alert system, MadeSafe®, and touchless technology. Enseo is enjoyed by more than 85 million users annually.

The results of the trading session contributed to over 1794948 shares changing hands. Over the past one week, the price volatility of Prospect Capital Corporation stands at 2.84% while the volatility over the past one month is 2.20%.

The market cap for PSEC stock reached $3.45 billion, with 387.00 million shares outstanding. Compared to the average trading volume of 2.44M shares, PSEC reached a trading volume of 1794948 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Prospect Capital Corporation [PSEC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PSEC shares is $6.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PSEC stock is a recommendation set at 4.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Prospect Capital Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on June 25, 2020. The new note on the price target was released on April 20, 2020, representing the official price target for Prospect Capital Corporation stock. Previously, the target price had yet another drop from $7 to $6, while Barclays kept a Underweight rating on PSEC stock.

The Average True Range (ATR) for Prospect Capital Corporation is set at 0.19, with the Price to Sales ratio for PSEC stock in the period of the last 12 months amounting to 5.61. The Price to Book ratio for the last quarter was 0.99.

How has PSEC stock performed recently?

Prospect Capital Corporation [PSEC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.22. With this latest performance, PSEC shares gained by 6.96% in over the last four-week period, additionally plugging by 62.59% over the last 6 months – not to mention a rise of 68.27% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PSEC stock in for the last two-week period is set at 56.56, with the RSI for the last a single of trading hit 55.21, and the three-weeks RSI is set at 57.75 for Prospect Capital Corporation [PSEC]. The present Moving Average for the last 50 days of trading for this stock 8.40, while it was recorded at 8.73 for the last single week of trading, and 6.64 for the last 200 days.

Prospect Capital Corporation [PSEC]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Prospect Capital Corporation [PSEC] shares currently have an operating margin of -2.20 and a Gross Margin at +71.27. Prospect Capital Corporation’s Net Margin is presently recorded at -2.63.

Return on Total Capital for PSEC is now -0.25, given the latest momentum, and Return on Invested Capital for the company is -0.30. Return on Equity for this stock declined to -0.51, with Return on Assets sitting at -0.29. When it comes to the capital structure of this company, Prospect Capital Corporation [PSEC] has a Total Debt to Total Equity ratio set at 69.95. Additionally, PSEC Total Debt to Total Capital is recorded at 41.16, with Total Debt to Total Assets ending up at 40.33. Long-Term Debt to Equity for the company is recorded at 69.95, with the Long-Term Debt to Total Capital now at 41.16.

Receivables Turnover for the company is 28.84 with a Total Asset Turnover recorded at a value of 0.11.

Earnings analysis for Prospect Capital Corporation [PSEC]

With the latest financial reports released by the company, Prospect Capital Corporation posted 0.16/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PSEC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Prospect Capital Corporation go to 5.00%.

Insider trade positions for Prospect Capital Corporation [PSEC]

There are presently around $316 million, or 10.90% of PSEC stock, in the hands of institutional investors. The top three institutional holders of PSEC stocks are: LSV ASSET MANAGEMENT with ownership of 6,406,486, which is approximately -9.061% of the company’s market cap and around 27.94% of the total institutional ownership; LEGAL & GENERAL GROUP PLC, holding 2,682,967 shares of the stock with an approximate value of $23.91 million in PSEC stocks shares; and VAN ECK ASSOCIATES CORP, currently with $22.41 million in PSEC stock with ownership of nearly 3.727% of the company’s market capitalization.

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Positions in Prospect Capital Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 91 institutional holders increased their position in Prospect Capital Corporation [NASDAQ:PSEC] by around 2,747,945 shares. Additionally, 88 investors decreased positions by around 6,163,950 shares, while 48 investors held positions by with 26,564,129 shares. The mentioned changes placed institutional holdings at 35,476,024 shares, according to the latest SEC report filing. PSEC stock had 27 new institutional investments in for a total of 1,051,474 shares, while 31 institutional investors sold positions of 2,343,888 shares during the same period.

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