Insights into Prospect Capital’s Q2 Financial Results and Growth Prospects

Prospect Capital Stock

Prospect Capital (PSEC:NSD) is all set to report its earnings results for Q2 on March 8th, after the market closes. Analysts have predicted the company to announce earnings of $0.26 per share for the quarter. Prospect Capital stock is currently trading at $7.41.

Here’s a closer look at some important details to keep in mind before the earnings report release:

 

Prospect Capital Stock Price Analysis:

On Wednesday, PSEC stock opened at $7.41 with a market cap of $2.96 billion, a P/E ratio of 43.59, and a beta of 1.01. The company’s 1-year low is $6.09 and the 1-year high is $8.63. PSEC has a 50-day simple moving average of $7.37 and a two-hundred-day simple moving average of $7.32. Additionally, the company has a debt-to-equity ratio of 0.65, a current ratio of 0.87, and a quick ratio of 0.87.

Prospect Capital recently announced a monthly dividend that will be paid on May 18th. Investors of record on April 26th will receive a dividend of $0.06 per share. The ex-dividend date is set for April 25th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.72%. The dividend payout ratio is 423.53%.

 

Prospect Capital Stock-Analyst Ratings:

A number of recent research reports have discussed PSEC. Wells Fargo & Company upped their price target on shares of Prospect Capital from $6.00 to $6.50 and gave the company an “underweight” rating in a research note on Monday, February 13th.

 

Hedge Funds & Institutional Holding:

Institutional investors have been actively involved with PSEC stock. Legal & General Group Plc boosted its stake in the company by 4.4% during the fourth quarter.

BlackRock Inc. increased its stake in Prospect Capital by 1.6% during the third quarter.

Advisors Asset Management Inc. increased its stake by 15.2% during the first quarter, while First Republic Investment Management Inc. increased its stake by 8.9% during the fourth quarter.

Finally, Northern Trust Corp increased its stake in PSEC by 9.0% during the second quarter.

Institutional investors and hedge funds own 7.03% of the Prospect Capital stock.

Investors will be keeping a close eye on the upcoming earnings report to see how the company performed in Q2 and whether it met or exceeded analysts’ expectations.

Top Trending Stocks

AVG Analyst Rating STA Analysis
StockTargetAdvisor
Strong Buy
N/A
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Very Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Neutral
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Bullish
N/A
StockTargetAdvisor
Slightly Bearish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
Ad
Ad

Leave a Reply

Your email address will not be published. Required fields are marked *