Monitoring Prospect Capital Corporation (PSEC) after recent insider movements


In a filing, Prospect Capital Corporation revealed its CFO, TREASURER, SECRETARY, CCO Van Dask Kristin Lea acquired Company’s shares for reported $31909.0 on Nov 11. In the deal valued at $7.51 per share,4,250 shares were bought. As a result of this transaction, Van Dask Kristin Lea now holds 58,517 shares worth roughly $ 0.43 million.

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Then, Stark Eugene S bought 2,000 shares, generating $13,100 in total proceeds. Upon buying the shares at $6.55, the Director now owns 52,000 shares.

Before that, Van Dask Kristin Lea bought 2,650 shares. Prospect Capital Corporation shares valued at $19,478 were divested by the CFO, TREASURER, SECRETARY, CCO at a price of $7.35 per share. As a result of the transaction, Van Dask Kristin Lea now holds 53,331 shares, worth roughly $0.4 million.

Raymond James upgraded its Prospect Capital Corporation [PSEC] rating to a Mkt perform from a an Underperform in a research note published on Friday. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late June with a ‘”an Underweight”‘ rating. Raymond James also remained covering PSEC and has decreased its forecast on April 20, 2020 with a “an Underperform” recommendation from previously “Mkt perform” rating. Barclays revised its rating on January 22, 2019. It rated PSEC as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of PSEC

On Friday, Prospect Capital Corporation [NASDAQ:PSEC] saw its stock fall -1.20% to $7.43. Over the last five days, the stock has lost -2.62%. Prospect Capital Corporation shares have risen nearly 6.29% since the year began. Nevertheless, the stocks have fallen -6.66% over the past one year. While a 52-week high of $8.63 was reached on 02/17/23, a 52-week low of $6.09 was recorded on 01/06/23. SMA at 50 days reached $7.36, while 200 days put it at $7.36.

Levels Of Support And Resistance For PSEC Stock

The 24-hour chart illustrates a support level at 7.37, which if violated will result in even more drops to 7.32. On the upside, there is a resistance level at 7.52. A further resistance level may holdings at 7.62. The Relative Strength Index (RSI) on the 14-day chart is 45.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.13%. Stochastics %K at 38.10% indicates the stock is a holding.

How much short interest is there in Prospect Capital Corporation?

A steep rise in short interest was recorded in Prospect Capital Corporation stocks on Jan 12, 2023, dropping by -1.12 million shares to a total of 5.57 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 6.69 million shares. There was a decline of -20.11%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.93% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.83.


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