A History of Outperforming Analyst Forecasts and Beating the Odds: Prospect Capital Corporation (PSEC)

Prospect Capital Corporation (NASDAQ: PSEC) stock fell -2.36% on Thursday to $6.21 against a previous-day closing price of $6.36. With 1.38 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.56 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $6.28 whereas the lowest price it dropped to was $6.17. The 52-week range on PSEC shows that it touched its highest point at $8.19 and its lowest point at $5.92 during that stretch. It currently has a 1-year price target of $5.75. With its current market cap of 2.50 billion, PSEC has annualized dividend of $0.72 while the current yield stands at 11.59%.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PSEC was down-trending over the past week, with a drop of -2.36%, but this was down by -7.04% over a month. Three-month performance dropped to -16.42% while six-month performance fell -19.77%. The stock lost -15.74% in the past year, while it has lost -11.16% so far this year. A look at the trailing 12-month EPS for PSEC yields -0.56 with Next year EPS estimates of 0.88. For the next quarter, that number is 0.22. This implies an EPS growth rate of 11.10% for this year and -2.20% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.68%.

Float and Shares Shorts:

At present, 402.17 million PSEC shares are outstanding with a float of 291.62 million shares on hand for trading. On May 14, 2023, short shares totaled 7.18 million, which was 1.79% higher than short shares on Apr 13, 2023. In addition to Mr. John Francis Barry III, J.D. as the firm’s Chairman & CEO, Mr. Michael Grier Eliasek serves as its Pres, COO & Director.

Institutional Ownership:

Through their ownership of 8.42% of PSEC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of PSEC, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 0.94% stake in PSEC, the VanEck Vectors – BDC Income ETF is the largest stakeholder. A total of 3,767,563 shares are owned by the mutual fund manager. The iShares II Plc – Listed Private E, which owns about 0.37% of PSEC stock, is the second-largest Mutual Fund holder. It holds 1,468,634 shares valued at 10.0 million. Bridge Builder Small/Mid Cap Valu holds 0.07% of the stake in PSEC, owning 295,600 shares worth 2.01 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PSEC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PSEC analysts setting a high price target of $5.75 and a low target of $5.75, the average target price over the next 12 months is $5.75. Based on these targets, PSEC could drop -7.41% to reach the target high and fall by -7.41% to reach the target low. Reaching the average price target will result in a decline of -7.41% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Dividends & Yield:

In terms of dividends, PSEC has a current ratio of $0.72, which is $0.72 over the trailing 12-months, while a dividend of $0.72 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and PSEC currently yields $11.59. In the past year, PSEC’s dividend yield has been $11.59, but when looking at the stock over the past five years, its yield has been $10.88. Accordingly, PSEC has a current buyback yield of $0.0. This was $0.0 for the TTM.

Summary of Insider Activity:

Insiders traded PSEC stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 6,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 5 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 16,900 while 0 shares were sold.

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