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Equities researchers at MLV Capital began coverage on shares of Prospect Capital Corp. (NASDAQ:PSEC) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $12.00 price target on the stock. MLV Capital’s target price would indicate a potential upside of 6.29% from the stock’s previous close.

Prospect Capital Corp. (NASDAQ:PSEC) traded up 0.71% on Tuesday, hitting $11.29. The stock had a trading volume of 2,859,989 shares. Prospect Capital Corp. has a 1-year low of $10.05 and a 1-year high of $11.62. The stock has a 50-day moving average of $11.21 and a 200-day moving average of $11.18. The company has a market cap of $3.126 billion and a price-to-earnings ratio of 10.21.

Prospect Capital Corp. (NASDAQ:PSEC) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.33 by $0.01. During the same quarter in the prior year, the company posted $0.46 earnings per share. On average, analysts predict that Prospect Capital Corp. will post $1.27 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Prospect Capital Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $11.50 price target on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of Prospect Capital Corp. in a research note to investors on Friday, December 20th. They set a “buy” rating and a $12.25 price target on the stock. Finally, analysts at Wunderlich initiated coverage on shares of Prospect Capital Corp. in a research note to investors on Thursday, December 5th. They set a “hold” rating and a $12.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Prospect Capital Corp. presently has a consensus rating of “Hold” and an average target price of $11.93.

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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