Prospect Capital Corporation (PSEC)
| Market Cap | 2.00B |
| Revenue (ttm) | 821.73M |
| Net Income (ttm) | -111.66M |
| Shares Out | 436.18M |
| EPS (ttm) | -0.27 |
| PE Ratio | n/a |
| Forward PE | 9.00 |
| Dividend | $0.72 (15.69%) |
| Ex-Dividend Date | Oct 29, 2024 |
| Volume | 3,680,530 |
| Open | 4.620 |
| Previous Close | 4.640 |
| Day's Range | 4.550 - 4.675 |
| 52-Week Range | 4.150 - 6.300 |
| Beta | 1.00 |
| Analysts | Sell |
| Price Target | 5.13 (+11.77%) |
| Earnings Date | Nov 8, 2024 |
About PSEC
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions. It also makes real estate investments particularly in multi-family residential real estate asset class. The fund makes secured debt, s... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for PSEC stock is "Sell." The 12-month stock price forecast is $5.13, which is an increase of 11.77% from the latest price.
News
Prospect Capital: Out Of The Woods Or Back To The Woodshed?
Prospect Capital Corporation's recent 25% dividend cut, despite previous ample coverage, raises concerns about future dividend reliability amid high interest rates and NAV erosion. PSEC's low leverage...
BDC Weekly Review: Tax-Loss Season Is Approaching
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPV...
Prospect Capital: Why I Am Buying The 25% Dividend Cut
Prospect Capital's 25% dividend cut, the first since 2017, shocked the market, causing a 15% stock plunge, but still offers a 12% yield. The dividend cut stems from a strategic shift to focus on highe...
Prospect Capital Management Partners with iCapital to Expand Investment Advisor Access to Closed End Fund (CEF) and Business Development Company (BDC) Opportunities
NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. (“Prospect”, “our”, or “we”) announced today a strategic partnership with iCapital, the global fintech platform driving acc...
Prospect Capital Corporation to Present at the 2024 Markets Group NYC Private Credit Conference
NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) announced today that Grier Eliasek, President and Chief Operating Officer is scheduled to participa...
Prospect Capital: 12% Yield And 45% Discount To NAV After Cut
We had rated Prospect Capital with a Buy and also suggested it as an alternative to another weak BDC. The company cut its distribution today and sent the stock hurling 15% lower. The stock now yields ...
Prospect Capital Announces Financial Results for Fiscal September 2024 Quarter
NEW YORK, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended September 30, 2024.
Prospect Capital Schedules First Fiscal Quarter Earnings Release and Conference Call
NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (the “Company” or “Prospect”) today announced it expects to file with the Securities and Exchange Commission its...
PSEC: Trades At A Discount For A Reason
Prospect Capital (PSEC) operates as a business development company that generates its earnings through a portfolio of various debt investments. PSEC maintains a primary exposure to the real estate sec...
BDC Weekly Review: PSEC Doubles Down On Its Strategy
We take a look at the action in business development companies through the fourth week of October and highlight some of the key themes we are watching. BDCs underperformed this week but still outpaced...
BDC Weekly Review: PIK Is At Record High
We take a look at the action in business development companies through the third week of October and highlight some of the key themes we are watching. BDCs had a strong week, rising over 1%, supported...
5 Monthly Payers For Retiring On Just $500K
If there's anything better than monthly dividends, well, we contrarians don't want to know about it. Getting paid on the same schedule as our bills (monthly!
Prospect Capital Corporation Provides First Lien Senior Secured Term and Convertible Loans to Support the Acquisition of Druid City Infusion by Inlet Road Capital Management
NEW YORK, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) has provided first lien senior secured term and convertible loans to support the acquisition of Dru...
Readers Identify 25 Ideal September Dividend Buys Out Of 39 Picks
Since May 2017, any dividend-paying stock mentioned by readers is included in my reader favorite listings, highlighting potential opportunities and risks. My stock lists aim to identify promising divi...
Prospect Capital: High Yield, But With Caveats
Prospect Capital Corporation trades at a 40% discount to NAV with a near 14% yield, but market distrust stems from 17% PIK (payment in kind) interest income. Despite a diversified portfolio and strong...
Prospect Capital Corporation Closes $764 Million of New Investments in Fiscal Year June 2024
NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) closed $764 million of new investments during its fiscal year ended June 30, 2024, investing in 38 ...
Prospect Capital Corporation Extends and Increases Revolving Credit Facility to Over $2.1 Billion of Aggregate Commitments
NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) extended and increased total commitments for its revolving credit facility (the “Facility”) for Pro...
Prospect Capital Celebrates its 20th Anniversary as a Leading Provider of Private Debt and Equity to U.S. Middle-Market Companies with Over $20 Billion Invested and More than 300 Portfolio Company Exits
NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) announced Prospect has surpassed its 20th anniversary as one of the largest ($7.9 billion in total ...
Prospect Capital: The Yield Is Not Worth The Risk
Prospect Capital has consistently failed to generate sufficient cash flow to cover dividends, leading to a significant risk of future dividend cuts. The company's NAV per share has declined substantia...
The Best BDC To Buy For Fed Rate Cuts
The Federal Reserve's 50 basis point rate cut impacts BDCs, which are sensitive to short-term rate changes, affecting their net investment income. BDCs thrive during rate hikes but face challenges wit...
Prospect Capital: Bad Reputation But Enticing Value
Prospect Capital offers a remarkable 13% yield, supported by strong balance sheet quality and a well-performing investment portfolio. The BDC's favorable non-accrual trend and healthy dividend coverag...
Prospect Capital: Good Dividend Yield, Not Shareholder Value
Prospect Capital Corp. is ideal for retirees due to its well-covered monthly dividends, low leverage, and significant discount to NAV. However, PSEC has consistently destroyed shareholder value with n...
BDC Weekly Review: Lenders Are Taking Over Pluralsight
We take a look at the action in business development companies through the last week of August and highlight some of the key themes we are watching. BDCs saw a 1% total return last week but ended Augu...
How I Would Invest $100,000 For Big Dividends In September 2024
I discuss which areas of the market are most opportunistic for generating high yield income right now. I share some of my top picks within those sectors. I also share how I would deploy $100,000 of ne...
Prospect Capital: Surprisingly Well-Covered 14% Yield
Prospect Capital's 14% dividend yield is sustainable, supported by a 70% LTM dividend pay-out ratio and a low non-accrual ratio of 0.3%. The stock's 40% discount to net asset value is exaggerated give...