Prospect Capital Corporation (PSEC): Today's Featured Financial Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Prospect Capital Corporation ( PSEC) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.9%. By the end of trading, Prospect Capital Corporation fell $0.12 (-1.1%) to $10.89 on heavy volume. Throughout the day, 10,409,690 shares of Prospect Capital Corporation exchanged hands as compared to its average daily volume of 3,845,800 shares. The stock ranged in price between $10.87-$11.08 after having opened the day at $11.05 as compared to the previous trading day's close of $11.01. Other companies within the Financial Services industry that declined today were: Barclays Short B Leveraged Inverse S&P 500 ( BXDB), down 16.8%, Direxion Daily Russia Bear 3X Shares ( RUSS), down 12.6%, VelocityShares Daily 2x VIX Short Term ETN ( TVIX), down 11.9% and C-Tracks Citi Volatility Index TR ETN ( CVOL), down 11.3%.

Prospect Capital Corporation is a business development company. Prospect Capital Corporation has a market cap of $3.4 billion and is part of the financial sector. Shares are down 1.9% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Prospect Capital Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Prospect Capital Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, iPath Long Extended Russell 2000 TR Index E ( RTLA), up 15.9%, Calamos Asset Management ( CLMS), up 11.1%, Direxion Daily Russia Bull 3X Shares ( RUSL), up 10.5% and Direxion India Bull 3X Shares ( INDL), up 9.9% , were all gainers within the financial services industry with BlackRock ( BLK) being today's featured financial services industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

More from Markets

3 Things Investors Must Know for Monday

3 Things Investors Must Know for Monday

U.S. Earnings On Pace for Best Season in Two Decades but Tech Giants Await

U.S. Earnings On Pace for Best Season in Two Decades but Tech Giants Await

Alphabet Earnings and 4 Other Business Stories You Must Know Monday Morning

Alphabet Earnings and 4 Other Business Stories You Must Know Monday Morning

Alphabet Earnings, Bond Yields Rise, Akorn Plunges - 5 Things You Must Know

Alphabet Earnings, Bond Yields Rise, Akorn Plunges - 5 Things You Must Know

Global Stocks Slip as 3% 10-Year Yields, Bad Tech News Unsettle Markets

Global Stocks Slip as 3% 10-Year Yields, Bad Tech News Unsettle Markets