Is Prospect Capital Corp (NASDAQ: PSEC) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

PSEC belongs to the Financial sector of the NASDAQ while operating in the Asset Management industry. The current market capitalization of Prospect Capital Corp is $2.34B. A total of 2.79 million shares were traded on the day, compared to an average of 1.61M shares.

In the most recent transaction, Van Dask Kristin Lea bought 3,330 shares of PSEC for 22.50 per share on Jun 20 ’24. After the transaction, the CFO, TREASURER, SECRETARY, CCO now owns 4,539 company shares. In a previous transaction on May 13 ’24, Barry John F bought 4,099 shares at 5.47 per share. PSEC shares that CHIEF EXECUTIVE OFFICER owns now total 65,796,357.

Among the insiders who bought shares, Barry John F acquired of 798,901 shares on May 10 ’24 at a per-share price of $5.48. This resulted in the CHIEF EXECUTIVE OFFICER holding 65,792,258 shares of PSEC after the transaction. In another insider transaction, Van Dask Kristin Lea bought 5,000 shares at $5.44 per share on Mar 11 ’24. Company shares held by the CFO, TREASURER, SECRETARY, CCO now total 10,000.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Prospect Capital Corp pays an annual dividend of $0.72, resulting in a dividend yield of 12.88%, and it has a price to earnings (P/E) ratio of 18.63. PSEC’s most recent ex-dividend date was 8/28/2024 when it declared a $0.06 quarterly dividend that was paid in cash on 9/19/2024. Previously, the company paid the dividend on 9/19/2024 with an ex-dividend date of 8/28/2024. The PSEC stock dividend was $0.06 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, PSEC has a high of $6.69 and a low of $5.03.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $8.99, while its Total Shareholder’s Equity was $4.12B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PSEC is Buy with a score of 1.00.

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