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Shares of Prospect Capital Corp. (NASDAQ:PSEC) have been given a consensus recommendation of “Buy” by the ten brokerages that are currently covering the stock, American Banking reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $11.82.

Shares of Prospect Capital Corp. (NASDAQ:PSEC) opened at 10.0299 on Friday. Prospect Capital Corp. has a 52-week low of $9.17 and a 52-week high of $11.62. The stock’s 50-day moving average is $10.55 and its 200-day moving average is $10.99. The company has a market cap of $3.434 billion and a price-to-earnings ratio of 8.37.

Prospect Capital Corp. (NASDAQ:PSEC) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.31 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.01. During the same quarter last year, the company posted $0.26 earnings per share. Analysts expect that Prospect Capital Corp. will post $1.27 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which is scheduled for Thursday, November 20th. Investors of record on Friday, October 31st will be paid a dividend of $0.1106 per share. This represents a $1.33 annualized dividend and a dividend yield of 13.27%. The ex-dividend date is Wednesday, October 29th. This is an increase from Prospect Capital Corp.’s previous monthly dividend of $0.11.

A number of research firms have recently commented on PSEC. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Prospect Capital Corp. from $11.75 to $11.00 in a research note on Friday, May 9th. Analysts at Guggenheim upgraded shares of Prospect Capital Corp. from a “neutral” rating to a “buy” rating in a research note on Thursday, April 10th. They now have a $12.00 price target on the stock, up previously from $11.50.

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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