Prospect Capital (NASDAQ:PSEC) was upgraded by Zacks from a “sell” rating to a “hold” rating in a research report issued on Monday.
According to Zacks, “Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments. “
A number of other firms have also recently commented on PSEC. Analysts at MLV & Co. reiterated a “buy” rating and set a $9.00 price target (down previously from $10.50) on shares of Prospect Capital in a research note on Sunday, May 10th. Separately, analysts at Barclays lowered their price target on shares of Prospect Capital from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.21.
The street knows that management is spinning off these new companies, to increase fees, under the banner of "unlocking shareholder value".
They cannot do OPTION A because the stopped public offerings at below NAV. WHich is good for us stock holders. So no new money ..no initiations
many like AGNC have cut DIV by a small amount so investors selling going on. I can handle some selling, but at $0.10 to $0.20 per day. I will take a few months to get back the lost capital from here.
Is there any way that Shareholders (the owners of PSEC) can force management to change - to build value instead of inriching their fees??