Financial Services -
Asset Management - NASDAQ - US
$ 3.19
0.314 %
$ 1.44 B
Market Cap
-3.71
P/E
1. INTRINSIC VALUE
Balance Sheet
Prospect Capital Corporation
| Current Assets | 116 M |
| Cash & Short-Term Investments | 85.9 M |
| Receivables | 28.8 M |
| Other Current Assets | 1.16 M |
| Non-Current Assets | 7.75 B |
| Long-Term Investments | 4.93 B |
| PP&E | 0 |
| Other Non-Current Assets | 2.82 B |
| Current Liabilities | 156 M |
| Accounts Payable | 47.1 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 108 M |
| Non-Current Liabilities | 2.43 B |
| Long-Term Debt | 2.43 B |
| Other Non-Current Liabilities | 242 K |
EFFICIENCY
Earnings Waterfall
Prospect Capital Corporation
| Revenue | 770 M |
| Cost Of Revenue | -91.4 M |
| Gross Profit | 862 M |
| Operating Expenses | 282 M |
| Operating Income | 580 M |
| Other Expenses | 317 M |
| Net Income | 263 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Prospect Capital Corporation
| Net Income | 263 M |
| Depreciation & Amortization | -580 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | -132 K |
| Others | 5.03 M |
| Free Cash Flow | 280 M |
Wall Street Analysts Price Targets
Prospect Capital Corporation
Wall Street analysts predict an average 1-year price target for PSEC of $4.5 , with forecasts ranging from
a
low of
$4.5 to a high of $4.5 .
PSEC Lowest Price Target
Wall Street Target
4.5 USD
41.07%
PSEC Average Price Target
Wall Street Target
4.5 USD
41.07%
PSEC Highest Price Target
Wall Street Target
4.5 USD
41.07%
4. DIVIDEND
ANALYSIS
2.43%
DIVIDEND YIELD
0.045 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Prospect Capital Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
21.9 M USD 2
3-6 MONTHS
29.9 M USD 3
6-9 MONTHS
16.3 M USD 4
9-12 MONTHS
7. News
Is 12% Too Good to Be True? Not for These Monthly Dividend Payers
In the bond world, double digit yields ordinarily equate to junk bonds with a higher than normal default risk.
247wallst.com
- 1 week ago
Priority Income Fund Announces Redemption of its 6.125% Series I Term Preferred Stock Due 2028
NEW YORK, June 13, 2025 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that it will redeem all outstanding shares of its 6.125% Series I Term Preferred Stock Due 2028 (CUSIP: 74274W780; NYSE: PRIF PRI) (the “Series I Preferred Shares”) at a price of $25 per Series I Preferred Share, plus accrued but unpaid dividends per Series I Preferred Share from March 31, 2025, to but excluding, the Redemption Date (the “Redemption Price”). The redemption date will be July 14, 2025 (the “Redemption Date”).
globenewswire.com
- 1 week ago
Priority Income Fund Announces 17.4% Annualized Total Cash Distribution Rate (on Class R Offering Price) with “Bonus” and “Base” Common Shareholder Distributions for June 2025 through August 2025
NEW YORK, June 11, 2025 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that the Fund's Board of Directors has declared monthly cash “base” and “bonus” common shareholder distributions for June 2025, July 2025 and August 2025. The distributions remain consistent with prior declared monthly distributions.
globenewswire.com
- 2 weeks ago
Prospect Capital Announces Special Meeting Update
NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, "Company", “our”, or “we”) today announced that it held its special meeting of stockholders (the “Special Meeting”) on June 9, 2025. The proposals that were considered at the Special Meeting are described in detail in the Company's definitive proxy statement for the Special Meeting as filed with the Securities and Exchange Commission on March 11, 2025 (the “Proxy”). As of March 11, 2025, there were 445,761,031 shares of the Company's common stock outstanding, 27,533,233 shares of the Company's 5.50% Series A1 Preferred Stock outstanding (the “Series A1 Preferred Stock”), 163,000 shares of the Company's 5.50% Series A2 Preferred Stock outstanding (the “Series A2 Preferred Stock”), 5,251,157 shares of the Company's 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock outstanding (the “5.35% Series A Preferred Stock”), 1,228,739 shares of the Company's 5.50% Series M1 Preferred Stock outstanding (the “Series M1 Preferred Stock”), 24,308,542 shares of the Company's 6.50% Series A3 Preferred Stock outstanding (the “Series A3 Preferred Stock”), 2,368,524 shares of the Company's 6.50% Series M3 Preferred Stock outstanding (the “Series M3 Preferred Stock”), 6,986,390 shares of the Company's Floating Rate Series A4 Preferred Stock outstanding (the “Series A4 Preferred Stock”), 2,230,832 shares of the Company's Floating Rate Series M4 Preferred Stock outstanding (the “Series M4 Preferred Stock”), 733,081 shares of the Company's 7.50% Series A5 Preferred Stock outstanding (the “Series A5 Preferred Stock”) and 117,589 shares of the Company's 7.50% Series M5 Preferred Stock outstanding (the “Series M5 Preferred Stock”). Each share of common or preferred stock has one vote. To afford additional time to solicit stockholder votes for the proposal found in the Proxy, the Special Meeting has been adjourned until June 17, 2025, at 3:00 p.m., Eastern Time, at www.virtualshareholdermeeting.com/PSEC2025SM.
globenewswire.com
- 2 weeks ago
The More It Tanks, The More It Stanks
High-yield stocks that trade at deep discounts to NAV often attract value-oriented income investors. However, most of the time, these investments are value traps. I share two popular stocks like this whose dividends I think are at risk and will likely deliver disappointing total returns to shareholders moving forward.
seekingalpha.com
- 2 weeks ago
Despite The Attractive Discount, I Wouldn't Consider Prospect Capital (Rating Downgrade)
PSEC's fundamentals continue to deteriorate, with persistent NAV erosion and declining net investment income despite a large discount to NAV. Dividend coverage is weakening, and another cut is likely as financials worsen, and lower interest rates loom, increasing risk for income investors. PSEC's inability to issue shares accretively at a discount to NAV limits growth potential, unlike higher-quality BDC peers with consistent NAV growth.
seekingalpha.com
- 2 weeks ago
Stocks and ETFs $5 and Lower With Massive Monthly Ultra-High-Yield Dividends
Investors love dividend stocks, especially the ultra-high-yield variety, because they offer a significant income stream and have massive total return potential.
247wallst.com
- 2 weeks ago
Prospect Capital: Out-Of-Touch Valuation
Prospect Capital's dividend cut has improved payout safety, aligning distributions with lower net investment income and enhancing the margin of safety for passive income investors. The portfolio shift toward first-lien debt has stabilized credit quality, with non-accruals remaining low at 0.6%, despite a decline in overall income. High insider ownership (29%) and a 55% discount to NAV suggest the stock is undervalued, offering a compelling risk/reward for patient investors.
seekingalpha.com
- 3 weeks ago
Private Debt Investor Features Grier Eliasek in June Edition of Middle Market Direct Lending Report
NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. (“Prospect”), investment adviser to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, announced today that Prospect Capital Corporation's President and Chief Operating Officer, Grier Eliasek, is featured in the June 2025 Private Debt Investor (“PDI”) Middle Market Direct Lending Report. In the Q&A-format feature, Mr. Eliasek highlights the attractive opportunities in the lower and core middle-market, where lenders have the potential to secure favorable deal terms and pursue higher risk-adjusted returns.
globenewswire.com
- 3 weeks ago
Warning To All BDC Investors
I am increasingly cautious on BDCs due to rising non-accruals, weaker earnings, and looser underwriting amid intense competition for private credit deals. Elevated interest rates are suppressing BDC valuations and making it harder for borrowers to service debt, leading to fewer quality investment opportunities. Dividend coverage is weakening across many BDCs, with higher non-accruals and PIK income threatening the sustainability of distributions investors rely on.
seekingalpha.com
- 3 weeks ago
Prospect Capital Corporation Announces Redemption of its 3.706% Notes due 2026
NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect,” “our” or “we”) announced today that it will redeem all outstanding 3.706% Notes due 2026 (the “Notes”) at a price of 100% of the principal amount of the Notes to be redeemed, plus accrued but unpaid interest, to but excluding the Redemption Date (the “Redemption Price”). The redemption date will be June 18, 2025 (the “Redemption Date”).
globenewswire.com
- 1 month ago
Priority Income Fund Announces Redemption of its 6.625% Series F Term Preferred Stock Due 2027
NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that it will redeem all outstanding shares of its 6.625% Series F Term Preferred Stock Due 2027 (CUSIP: 74274W 822; NYSE: PRIF PRF) (the “Series F Preferred Shares”) at a price of $25 per Series F Preferred Share, plus accrued but unpaid dividends per Series F Preferred Share from March 31, 2025, to but excluding, the Redemption Date (the “Redemption Price”). The redemption date will be June 11, 2025 (the “Redemption Date”).
globenewswire.com
- 1 month ago
8. Profile
Summary
Prospect Capital Corporation PSEC
COUNTRY
US
INDUSTRY
Asset Management
MARKET CAP
$ 1.44 B
Dividend Yield
2.43%
Description
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, senior debt, senior and secured term loans, unitranche debt, first-lien and second lien, private debt, private equity, mezzanine debt, and equity investments in private and microcap public businesses. It focuses on both primary origination and secondary loans/portfolios and invests in situations like debt financings for private equity sponsors, acquisitions, dividend recapitalizations, growth financings, bridge loans, cash flow term loans, real estate financings/investments. It also focuses on investing in small-sized and medium-sized private companies rather than large public companies. The fund typically invests across all industry sectors, with a particular expertise in the energy and industrial sectors. It invests in aerospace and defense, chemicals, conglomerate services, consumer services, ecological, electronics, financial services, machinery, manufacturing, media, pharmaceuticals, retail, software, specialty minerals, textiles and leather, transportation, oil and gas production, coal production, materials, industrials, consumer discretionary, information technology, utilities, pipeline, storage, power generation and distribution, renewable and clean energy, oilfield services, healthcare, food and beverage, education, business services, and other select sectors. It prefers to invest in the United States and Canada. The fund seeks to invest between $10 million to $500 million per transaction in companies with EBITDA between $5 million and $150 million, sales value between $25 million and $500 million, and enterprise value between $5 million and $1000 million. It fund also co-invests for larger deals. The fund seeks control acquisitions by providing multiple levels of the capital structure. The fund focuses on sole, agented, club, or syndicated deals.
Contact
10 East 40th Street, New York City, NY, 10016
https://www.prospectstreet.com
IPO
Date
July 27, 2004
Employees
None
Officers
Mr. Bart J. deBie J.D.
Managing Director
Mr. Jonathan Jung-Hsi Li J.D.
Deputy General Counsel
Ms. Trisha Blackman
Senior Vice President of Administration, Head of Human Resources & Deputy Chief Compliance Officer
Mr. David L. Belzer
Managing Director
Ms. Daria Becker
Head of Administration
Mr. John Francis Barry III, J.D.
Chairman of the Board & Chief Executive Officer
Mr. Michael Grier Eliasek
President, Chief Operating Officer & Director
Ms. Alexandra Krasinets CPA
Vice President of Accounting
Ms. Kristin Lea Van Dask CPA
Chief Financial Officer, Treasurer, Secretary & Chief Compliance Officer
Mr. Al Faella
Chief Technology Officer