Prospect Capital Corp. Receives New Coverage from Analysts at National Securities (PSEC)
Investment analysts at National Securities initiated coverage on shares of Prospect Capital Corp. (NASDAQ:PSEC) in a note issued to investors on Monday, StockRatingsNetwork.com reports. The firm set a “buy” rating on the stock.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Prospect Capital Corp. from $11.50 to $11.75 in a research note to investors on Friday, August 23rd. They now have a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $11.92.
Prospect Capital Corp. (NASDAQ:PSEC) traded down 0.09% during mid-day trading on Monday, hitting $11.30. 2,399,074 shares of the company’s stock traded hands. Prospect Capital Corp. has a 52-week low of $9.80 and a 52-week high of $11.95. The stock has a 50-day moving average of $11.24 and a 200-day moving average of $10.92. The company has a market cap of $3.128 billion and a P/E ratio of 10.60.
Prospect Capital Corp. (NASDAQ:PSEC) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.08. The company had revenue of $166.47 million for the quarter, compared to the consensus estimate of $141.38 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 62.1% on a year-over-year basis.
Prospect Capital Corporation (NASDAQ:PSEC), is a financial services company, which lends to and invests in middle market privately-held companies.
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