Opinion

Prospect Capital Corporation (NASDAQ:PSEC) Analyst Estimates And Rating

Prospect Capital Corporation (NASDAQ:PSEC) stock is presently standing at about $9.12 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 2 analysts covering the company is $8.25, which suggests the stock could still rise over -11 percent. The highest analyst price target is $9.50, which implies a rally of 96 percent. And a quick view of analyst notes show that 1 are rating the stock a buy while 1 rate PSEC a strong buy. There are 2 equity research firms advocating a Hold and 2 consider it Sell.

National Securities analysts provided their view on Prospect Capital Corporation (NASDAQ:PSEC) recently. The rating firm issued a Neutral rating to this company in a research note released on Jan 29, 2016. Wells Fargo analysts disclosed their opinion on Prospect Capital Corporation (NASDAQ:PSEC) recently. The rating firm gave a Underperform rating to this stock in a research note published on Jan 11, 2016. According to a research note disclosed on Dec 18, 2014, analysts at Barclays have lowered their rating on these shares from Overweight to Equal Weight.

Prospect Capital Corporation (NASDAQ:PSEC) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Director Stark Eugene S Purchased 1,000 company shares for 8950, in a transaction on 2017-03-09. Following the transaction, the Director is left with a stake of 35,000 shares, currently valued at $319200. Meanwhile, CFO, CCO, TREASURY & SECRETARY OSWALD BRIAN H purchased 5,000 shares worth $40900, through a transaction dated 2016-12-14. Following the completion of the transaction, the insider is left with a stake of 485,000 shares, amounting $4423200. PSEC Director Stark Eugene S also purchased 1,000 shares, at a stock price of $7.65. This transaction occurred on 2016-11-10 totals $7650. After this transaction, the insider’s stake stands at 34,000 shares, with a market value of $310080.

Executives hold 6.23 percent of the stock. John F. Barry,III is one of the biggest insider owners in Prospect Capital Corporation (NASDAQ:PSEC), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 21,060,598 shares which have current market value of around $192072653.76.M. Grier Eliasek is another major inside shareholder in the company. The insider owns 807,196 shares as of 0.22%, currently worth $7361627.52. Brian H. Oswald is ranked as third insider holder of the stock. This insider holds 485,000 shares with a market value around $4423200 as of recent close.

Prospect Capital Corporation (NASDAQ:PSEC) Earnings Outlook

In Prospect Capital Corporation (NASDAQ:PSEC)’s latest quarter, revenues reached at $183.48M compared to $179.83M. Analysts had expected Prospect Capital Corporation (NASDAQ:PSEC) to post $184.72M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.23 to $0.27.

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