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.