28-Mar-2024
Prospect Capital goes ex dividend tomorrow
Seeking Alpha News (Mon, 25-Mar 8:59 AM ET)
Globe Newswire (Thu, 8-Feb 4:44 PM ET)
Prospect Capital Schedules Second Fiscal Quarter Earnings Release and Conference Call
Globe Newswire (Tue, 6-Feb 4:01 PM ET)
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 March 28, 2024, PSEC stock price climbed to $5.52 with 2,655,260 million shares trading.
PSEC has a beta of 0.89, meaning it tends to be less sensitive to market movements. PSEC has a correlation of 0.19 to the broad based SPY ETF.
PSEC has a market cap of $2.29 billion. This is considered a Mid Cap stock.
Last quarter Prospect Capital - Closed End reported $211 million in Revenue and $.24 earnings per share. This fell short of revenue expectation by $-12 million and exceeded earnings estimates by $.02.
In the last 3 years, PSEC stock traded as high as $9.25 and as low as $5.03.
The top ETF exchange traded funds that PSEC belongs to (by Net Assets): BIZD, KBWD, VPC, ISMD, UWM.
PSEC has underperformed the market in the last year with a price return of -9.2% while the SPY ETF gained +33.6%. PSEC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.8% and 0.0%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
PSEC support price is $5.43 and resistance is $5.55 (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 stock will trade within this expected range on the day.