Prospect Capital Corporation (PSEC)

NASDAQ: PSEC · Real-Time Price · USD
4.470
-0.760 (-14.53%)
Nov 8, 2024, 4:00 PM EST - Market closed
-14.53%
Market Cap 1.95B
Revenue (ttm) 821.73M
Net Income (ttm) -102.86M
Shares Out 436.18M
EPS (ttm) -0.25
PE Ratio n/a
Forward PE 8.76
Dividend $0.72 (16.11%)
Ex-Dividend Date Oct 29, 2024
Volume 22,219,561
Open 4.850
Previous Close 5.230
Day's Range 4.390 - 4.860
52-Week Range 4.390 - 6.300
Beta 1.00
Analysts Sell
Price Target 5.13 (+14.77%)
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]

Sector Financials
IPO Date Jul 27, 2004
Country United States
Stock Exchange NASDAQ
Ticker Symbol PSEC
Full Company Profile

Financial Performance

Financial Statements

Analyst 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 14.77% from the latest price.

Price Target
$5.13
(14.77% upside)
Analyst Consensus: Sell
Stock Forecasts

News

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 ...

1 day ago - Seeking Alpha

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.

2 days ago - GlobeNewsWire

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...

3 days ago - GlobeNewsWire

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...

7 days ago - Seeking Alpha

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...

Other symbols: MSDLNCDLOBDEPFLT
8 days ago - Seeking Alpha

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...

Other symbols: BXSLMSDLNCDLOBDCOBDE
15 days ago - Seeking Alpha

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!

Other symbols: AGNCDNPLTCPTY
19 days ago - Forbes

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...

23 days ago - GlobeNewsWire

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...

24 days ago - Seeking Alpha

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...

25 days ago - Seeking Alpha

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 ...

26 days ago - GlobeNewsWire

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...

4 weeks ago - GlobeNewsWire

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 ...

5 weeks ago - GlobeNewsWire

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...

5 weeks ago - Seeking Alpha

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...

6 weeks ago - Seeking Alpha

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...

2 months ago - Seeking Alpha

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...

2 months ago - Seeking Alpha

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...

2 months ago - Seeking Alpha

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...

2 months ago - Seeking Alpha

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...

2 months ago - Seeking Alpha

Bargain: Very Undervalued Bonds From Investment Grade Prospect Capital

Prospect Capital is a large investment grade business development company. Its bonds yield around 8% while other large-cap BDC bonds with the same credit rating are yielding around 5.5%. To add to the...

2 months ago - Seeking Alpha

Prospect Capital Corporation (PSEC) Q4 2024 Earnings Call Transcript

Prospect Capital Corporation (NASDAQ:PSEC) Q4 2024 Earnings Conference Call August 29, 2024 9:00 AM ET Company Participants John Barry - Chairman and Chief Executive Officer Kristin Van Dask - Chief ...

2 months ago - Seeking Alpha

Prospect Capital Announces June 2024 Financial Results and Declares 86th Consecutive $0.06 Dividend

NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter and fiscal year ended June...

2 months ago - GlobeNewsWire

Prospect Capital Schedules Fiscal Year Earnings Release and Conference Call

NEW YORK, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (the “Company”) today announced it expects to file with the Securities and Exchange Commission its report on For...

2 months ago - GlobeNewsWire

BDC Weekly Review: PSEC Gets Bad Press

We take a look at the action in business development companies through the third week of August and highlight some of the key themes we are watching. BDCs delivered a 2% total return on the week, star...

Other symbols: BCSFBXSLNCDL
2 months ago - Seeking Alpha