Prospect Capital Corporation (NASDAQ:PSEC) is scheduled to release its earnings data after the market closes on Monday, August 28th. Analysts expect Prospect Capital Corporation to post earnings of $0.21 per share for the quarter.
Prospect Capital Corporation (PSEC) opened at 7.13 on Friday. Prospect Capital Corporation has a one year low of $6.97 and a one year high of $9.58. The stock’s 50 day moving average price is $7.95 and its 200-day moving average price is $8.57.
Several equities analysts have weighed in on PSEC shares. Zacks Investment Research lowered Prospect Capital Corporation from a “hold” rating to a “strong sell” rating in a report on Saturday, May 13th. BidaskClub raised Prospect Capital Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. FBR & Co lowered Prospect Capital Corporation from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $9.50 to $8.50 in a report on Thursday, May 11th. National Securities reissued a “sell” rating and set a $7.00 price objective on shares of Prospect Capital Corporation in a report on Monday, May 15th. Finally, BMO Capital Markets reissued a “hold” rating and set a $7.00 price objective on shares of Prospect Capital Corporation in a report on Thursday, June 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $8.04.
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About Prospect Capital Corporation
Prospect Capital Corporation is a financial services company. The Company primarily lends to and invests in middle market privately held companies. The Company is a closed-end investment company. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.
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