Prospect Capital traded at $2.56 this Friday March 13th, decreasing $0.09 or 3.40 percent since the previous trading session. Looking back, over the last four weeks, Prospect Capital lost 14.95 percent. Over the last 12 months, its price fell by 40.33 percent. Looking ahead, we forecast Prospect Capital to be priced at 2.48 by the end of this quarter and at 2.26 in one year, according to Trading Economics global macro models projections and analysts expectations.
Prospect Capital Corporation is a financial services company that primarily lends to and invests in middle-market privately held companies. The Company's investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated secured debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. It makes directly originated agented loans to companies, including companies which are controlled by private equity sponsors and companies that are not controlled by private equity sponsors. It also invests in senior and secured loans, syndicated loans and high yield bonds that have been sold to a club or syndicate of buyers, both in the primary and secondary markets. The Company is managed by its investment adviser, Prospect Capital Management L.P.