PSEC Stock Summary and Trading Ideas (Prospect Capital - Closed End | NASDAQ:PSEC)

Prospect Capital Corp is a closed-end investment company based in the United States. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The company invests primarily in senior and subordinated debt and equity of private companies for acquisitions, divestitures, growth, development, recapitalizations, and other purposes. It makes investments, including lending in private equity, sponsored transactions, directly to companies, investments in structured credit, real estate, and syndicated debt.

Prospect Capital - Closed End trades on the NASDAQ stock market under the symbol PSEC.

As of November 29, 2024, PSEC stock price climbed to $4.78 with 1,560,697 million shares trading.

PSEC has a beta of -0.02, meaning it tends to be less sensitive to market movements. PSEC has a correlation of 0.00 to the broad based SPY ETF.

PSEC has a market cap of $2.08 billion. This is considered a Mid Cap stock.

Last quarter Prospect Capital - Closed End reported $196 million in Revenue and $.21 earnings per share. This fell short of revenue expectation by $-8 million and exceeded earnings estimates by $.04.

In the last 3 years, PSEC traded as high as $8.95 and as low as $4.15.

The top ETF exchange traded funds that PSEC belongs to (by Net Assets): BIZD, KBWD, VPC, ISMD.

PSEC has underperformed the market in the last year with a return of -4.4%, while the SPY ETF gained +34.1%. In the last 3 month period, PSEC fell short of the market, returning -0.5%, while SPY returned +7.6%. However, in the most recent 2 weeks PSEC has outperformed the stock market by returning +12.7%, while SPY returned +0.9%.

PSEC support price is $4.67 and resistance is $4.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PSEC shares will trade within this expected range on the day.