Prospect Capital Corporation (PSEC) – A Trader’s Perspective

    Barry John F, CHIEF EXECUTIVE OFFICER, added 107,358 shares of Prospect Capital Corporation (PSEC) to its portfolio at the rate of $6.34 per share valuing $680,575 on Jun 05. The insider has now 38,529,534 shares of the company to its portfolio. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of Prospect Capital Corporation (PSEC) was $6.37. Currently, the 1st Resistance Point for this stock is $6.46, with a 2nd Resistance Point sitting at $6.56. Meanwhile, this company’s stock has a 1st Support Level at $6.31 and a 2nd Support Level at $6.26. Prospect Capital Corporation (PSEC) stock has lost -$0.07, or -1.09%, in the past five days. In the last full month, these shares have lost -$0.32, or -4.78%. In the past three months, this stock’s price has fallen by -$0.26, or -3.92%. This year-to-date, Prospect Capital Corporation (PSEC) shares have gained $0.06, or 0.95%.

    Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For Prospect Capital Corporation (PSEC) stock, 80% of short-term indicators suggest that these shares are a “ Sell .” Meanwhile, 50% of medium-term indicators point to this stock being a “ Sell .” Looking further ahead, 67% of long-term indicators suggest that this stock is a “ Sell .”

    In the most recently-reported fiscal quarter, which ended in Mar-19, Prospect Capital Corporation (PSEC) reported earnings of $0.21 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.21 per share, representing a 0 difference and 0.00% surprise. In the previous quarter ending in Dec-18, the reported earnings of $0.22 represented a 0 difference from the consensus estimate calling for $0.22 per share, which was a 2.33% surprise.

    For the current fiscal quarter, which is set to end in 06/2019, the average earnings estimate is $0.20 per share. This estimate came from a total of 1 Wall Street Analysts. Of those market experts, the high estimate was $0.20 and the low estimate was $0.20. In the year-ago quarter, Prospect Capital Corporation (PSEC) generated per-share earnings of $0.22. If the analysts are correct about the current quarter’s earnings, the growth will be -9.09% .

    Turning our focus now to insider trading activity, there have been 3 purchases (170,854 shares in total) and 0 sale (0 shares in total) in the last 3 months. In the last 6 months, there have been 24 insider buys amounting to 2,234,946 shares and 0 insider sales amounting to 0 shares. In the past full year, 26 insider purchases were made (involving 2,238,446 shares) and 0 insider sell-offs equivalent to 0 shares.

    Looking at this company’s capital structure, its Total Debt to Total Equity is 67.85, its Total Debt to Total Capital is 40.42, and its Total Debt to Total Assets is now 39.59. Looking even further ahead into the future, its Long-Term Debt to Equity is 64.87 and its Long-Term Debt to Total Capital is 38.65.