Prospect Capital (PSEC) in Focus: Stock Moves 6.1% Higher November 13, 2017

Prospect Capital Earnings per Share and Revenues Miss Estimates

Prospect Capital Corporation's dividend payout ratio (DPR) is 144.00%. ACI Worldwide had 7 analyst reports since August 4, 2015 according to SRatingsIntel.

Prospect Capital Corporation on 9/29/2017 reported its EPS as $0.24 with the analysts projecting the EPS of the stock as $0.23. Of the analysts who provided ratings, 0 rated the company a Hold, 2 rated it a Strong Sell, . Finally, TheStreet lowered shares of Prospect Capital Corporation from a "b-" rating to a "c+" rating in a research report on Wednesday, September 27th. Nadler Grp has 0.03% invested in Prospect Capital Corporation (NASDAQ:PSEC) for 10,500 shares. On the other hand, its peers (XLF) BlackRock Capital Investment (BKCC), KCAP Financial (KCAP), and Apollo Investment (AINV) have market capitalizations of $0.5 billion, $0.1 billion, and $1.35 billion, respectively. The legal version of this article can be viewed at https://weekherald.com/2017/11/13/prospect-capital-corporation-psec-rating-lowered-to-sell-at-zacks-investment-research.html. The company has a consensus rating of "Hold" and an average target price of $6.50.

The stock has a market capitalization of $2,025.42, a PE ratio of 6.94 and a beta of 0.51. It has underperformed by 6.34% the S&P500.The move comes after 8 months positive chart setup for the $2.15 billion company.

Prospect Capital Corporation (PSEC) belonging to the Financial Services sector has surged 6.05% and closed its last trading session at $5.96.

Wall Street analysts, on average, are forecasting the company's EPS to be 0.18, compared to 0.24 reported in the same quarter past year. Prospect Capital Corporation (NASDAQ:PSEC) has a 20-Day average volume of 3.95 Million.

Prospect Capital Corporation (NASDAQ:PSEC) gross margin percentage stands at 47.2% while its operating margin for the past trailing twelve month is 48.2 percent and its overall profit margin (ttm) is 43.7 Percent. The firm had revenue of $193.04 million for the quarter. With an institutional ownership near 86.1%, it carries an earnings per share ratio of -4.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 7.10% of the company's stock.

A number of analysts recently commented on the company. The stock of Prospect Capital Corporation (NASDAQ:PSEC) earned "Market Perform" rating by BMO Capital Markets on Friday, November 10. Moreover, Dnb Asset Management As has 0% invested in Prospect Capital Corporation (NASDAQ:PSEC). Legal & General Group Plc now owns 1,047,945 shares of the financial services provider's stock valued at $7,037,000 after purchasing an additional 84,772 shares during the last quarter. Boston Private Wealth Limited Liability Corp has invested 0.03% in Prospect Capital Corporation (NASDAQ:PSEC). Finally, California Public Employees Retirement System boosted its holdings in Prospect Capital Corporation by 2.7% in the 2nd quarter. The company's institutional ownership is monitored at 16 percent. For the next 5 years, Prospect Capital Corporation is expecting Growth of 5% per annum, whereas in the past 5 years the growth was -12.88% per annum. If you are accessing this report on another website, it was illegally stolen and reposted in violation of United States & global copyright and trademark laws. 2017, Prospect Capital Corporation (PSEC) delivered a 4.58% surprise with its net revenue.

Prospect Capital Corporation is a financial services company. The forecast of 0 surveyed investment analysts covering the stock advises investors to Buy stake in the company. The Company is a closed-end investment company.

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