In the latest session, Prospect Capital Corporation (NASDAQ: PSEC) closed at $5.50 down -0.36% from its previous closing price of $5.52. In other words, the price has decreased by -$0.02 from its previous closing price. On the day, 2173033 shares were traded.
Ratios:
For a deeper understanding of Prospect Capital Corporation’s stock, let’s take a closer look at its various ratios.
On June 25, 2020, Wells Fargo started tracking the stock assigning a Underweight rating and target price of $4.50.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 06 when Eliasek M Grier bought 10,000 shares for $5.67 per share. The transaction valued at 56,700 led to the insider holds 1,616,130 shares of the business.
Eliasek M Grier bought 10,000 shares of PSEC for $56,391 on Dec 05. The Chief Operating Officer now owns 1,606,130 shares after completing the transaction at $5.64 per share. On Dec 04, another insider, Eliasek M Grier, who serves as the Chief Operating Officer of the company, bought 10,000 shares for $5.66 each. As a result, the insider paid 56,600 and bolstered with 1,596,130 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PSEC now has a Market Capitalization of 2.20B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.58 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 75.21.
Stock Price History:
Over the past 52 weeks, PSEC has reached a high of $7.44, while it has fallen to a 52-week low of $5.03. The 50-Day Moving Average of the stock is 5.91, while the 200-Day Moving Average is calculated to be 6.01.
Shares Statistics:
For the past three months, PSEC has traded an average of 2.22M shares per day and 2.22M over the past ten days. A total of 413.99M shares are outstanding, with a floating share count of 303.13M. Insiders hold about 26.74% of the company’s shares, while institutions hold 9.93% stake in the company. Shares short for PSEC as of Feb 15, 2024 were 22.51M with a Short Ratio of 10.12, compared to 18.72M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.64% and a Short% of Float of 7.79%.
Dividends & Splits
According to the company, the forward annual dividend rate for PSEC is 0.72, from 0.72 in the trailing year. Against a Trailing Annual Dividend Yield of 13.04%, it implies a Forward Annual Dividend Yield of 13.09%. The stock’s 5-year Average Dividend Yield is 11.15.
Earnings Estimates
There are 2 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.2 for the current quarter, with a high estimate of $0.2 and a low estimate of $0.2, while EPS last year was $0.26. The consensus estimate for the next quarter is $0.19, with high estimates of $0.2 and low estimates of $0.19.
Analysts are recommending an EPS of between $0.82 and $0.82 for the fiscal current year, implying an average EPS of $0.82. EPS for the following year is $0.72, with 2 analysts recommending between $0.73 and $0.72.
Revenue Estimates
A total of 2 analysts have provided revenue estimates for PSEC’s current fiscal year. The highest revenue estimate was $876.52M, while the lowest revenue estimate was $873.88M, resulting in an average revenue estimate of $875.2M. In the same quarter a year ago, actual revenue was $852.21M, up 2.70% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $836.42M in the next fiscal year. The high estimate is $842.6M and the low estimate is $830.25M. The average revenue growth estimate for next year is down -4.40% from the average revenue estimate for this year.
