A statement released earlier today by Vetr Inc. about Prospect Capital Corporation (NASDAQ:PSEC) bumps the target price to $8.29
- Updated: September 19, 2016
Reporting a possible upside of 0.04%, Vetr Inc. raised the target stock price of Prospect Capital Corporation (NASDAQ:PSEC) to $8.
On 9/13/2016, Vetr Inc. reported about Prospect Capital Corporation(NASDAQ:PSEC) bumped the target price from $0.00 to $8.29 that suggested an upside of 0.04%.
Boasting a price of $7.97, Prospect Capital Corporation (NASDAQ:PSEC) traded 1.13% higher on the day. With the last stock price close up 3.85% relative to the 200-day average, compared to the S&P 500 which has fallen -0.01% over the same time. PSEC has logged a 50-day average of $8.32 and 200-day average of $7.76. 1,654,061 shares of the stock exchanged hands, down from ann average volume of 2,033,950
With a market cap of $0.0, Prospect Capital Corporation has a P/E of 28 with a 52 week low of $5.21 and a one-year high of $8.68.
About Prospect Capital Corporation (NASDAQ:PSEC)
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. The Company invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. The Company makes investments, including lending in private equity sponsored transactions, lending directly to companies not owned by private equity firms, control investments in corporate operating companies, control investments in financial companies, investments in structured credit, real estate investments, investments in syndicated debt, aircraft leasing and online lending. The Company is managed by its investment advisor, and Prospect Capital Management L.P.
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