After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Prospect Capital Corporation (PSEC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.16%, to $6.26. The Prospect Capital Corporation has recorded 37,258 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Prospect Capital Announces June 2023 Financial Results and Declares Stable Monthly Dividends through October 2023 of $0.06 Per Common Share.
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Stocks Info
Prospect Capital Corporation is listed on the NASDAQ in the Financial sector while operating in the Asset Management industry. At the end of the last regular session, the stock closed at $6.25 and fluctuated between $6.26 as its day high and $6.12 as its day low. The current market capitalization of Prospect Capital Corporation is $2.55B. A total of 2.2 million shares were traded on the day, compared to an average of 1.38M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PSEC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 5 BUYs and 1 SELLs from insiders. Insiders purchased 212,250 shares during that period but sold 7,512,116.
In the most recent transaction, Barry John F bought 166,160 shares of PSEC for 5.99 per share on Sep 12. After the transaction, the CHIEF EXECUTIVE OFFICER now owns 72,918,888 company shares. In a previous transaction on Sep 11, Barry John F bought 16,520 shares at 5.99 per share. PSEC shares that CHIEF EXECUTIVE OFFICER owns now total 72,752,728.
Among the insiders who bought shares, Stark Eugene S acquired of 3,000 shares on Sep 11 at a per-share price of $6.00. This resulted in the Director holding 55,000 shares of PSEC after the transaction. In another insider transaction, Barry John F bought 100,000 shares at $6.09 per share on May 12. Company shares held by the CHIEF EXECUTIVE OFFICER now total 72,699,542.
Dividend
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. PSEC’s most recent ex-dividend date was 10/26/2023 when it declared a $0.06 quarterly dividend that was paid in cash on 11/20/2023. Previously, the company paid the dividend on 10/19/2023 with an ex-dividend date of 9/26/2023. The PSEC stock dividend was $0.06 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PSEC in the last 3 months, the mean price target is $5.75 with high estimates of $5.75 and low estimates of $5.75. In terms of 52-week highs and lows, PSEC has a high of $7.83 and a low of $5.91.
As of this writing, PSEC has an earnings estimate of $0.21 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.22 per share and a lower estimate of $0.21. The company reported an EPS of $0.26 in the last quarter, which was 13.00% higher than expectations of $0.23.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $9.48, while its Total Shareholder’s Equity was $4.12B.
Analysts Opinion
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. 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 2.00.
