Financial Services -
Asset Management - NASDAQ - US
$ 3.235
-1.24 %
$ 1.46 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 | 9.05 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
39.10%
PSEC Average Price Target
Wall Street Target
4.5 USD
39.10%
PSEC Highest Price Target
Wall Street Target
4.5 USD
39.10%
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
410 K USD 1
0-3 MONTHS
21.5 M USD 2
3-6 MONTHS
30 M USD 4
6-9 MONTHS
16.2 M USD 3
9-12 MONTHS
7. News
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
- 2 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
- 2 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
- 2 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
Prospect Capital: Largest Discount In A Decade Still Doesn't Justify A Buy
Prospect Capital (PSEC) has been a poor performer, trading at its largest discount to NAV in a decade due to earnings decline and poor financials. PSEC's heavy reliance on real estate makes it vulnerable to high interest rates, causing a significant NAV decline and underperformance against peers. Despite a high dividend yield of 14.9%, the long-term sustainability is questionable, with no significant improvements in portfolio structure or new investment activity.
seekingalpha.com
- 1 month ago
BDC Weekly Review: Bimodal Q1 Numbers Weigh On The Sector
We take a look at the action in business development companies through the first week of May and highlight some of the key themes we are watching. BDCs fell around 1.5% this week due to a couple of weak Q1 reports, with the sector still below pre-Liberation Day levels. Despite recent dips, historically resilient BDCs are showing strong ROE figures, suggesting selective opportunities for patient investors.
seekingalpha.com
- 1 month ago
NAV Dip, PIK Interest, And Perpetual Discount Sees Prospect Capital Downgraded To Junk
Prospect Capital's market cap has plummeted 31% over the last year, driven by a sustained decline in net asset value (NAV) and dividend cuts. The BDC's fiscal 2025 third-quarter NAV per share fell to $7.25, down from $7.84 in the previous quarter. PSEC was downgraded to junk status by both S&P and Moody's. Both agencies cited rising payment-in-kind (PIK) interest payments and declining credit quality as core issues.
seekingalpha.com
- 1 month ago
Prospect Capital Corporation (PSEC) Q3 2025 Earnings Call Transcript
Prospect Capital Corporation (NASDAQ:PSEC ) Q3 2025 Earnings Conference Call May 9, 2025 9:00 AM ET Company Participants John Francis Barry - Chairman of the Board & Chief Executive Officer Michael Grier Eliasek - President and Chief Operating Officer Kristin Van Dask - Chief Financial Officer, Treasurer, Secretary, and Chief Compliance Officer Conference Call Participants Finian O'Shea - Wells Fargo Operator Good day and welcome to the Prospect Capital Third Fiscal Quarter Earnings Release and Conference Call. All participants will be in a listen-only mode.
seekingalpha.com
- 1 month ago
Prospect Capital Honored for 2025 Middle-Market Deals of the Year Awards for Druid City Independent Sponsor Investment in Healthcare Industry
NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. (“Prospect”), investment adviser to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, announced today that Prospect has received an Honorable Mention in Mergers & Acquisitions' 2025 Middle-Market Deals of the Year Awards for Prospect's role in providing value-added capital to Druid City Infusion ("Druid City").
globenewswire.com
- 1 month ago
Prospect Capital Announces Financial Results for Fiscal March 2025 Quarter
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended March 31, 2025.
globenewswire.com
- 1 month ago
Prospect Capital Schedules Third Fiscal Quarter Earnings Release and Conference Call
NEW YORK, May 06, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (the “Company” or “Prospect”) today announced it expects to file with the Securities and Exchange Commission its report on Form 10-Q containing results for the fiscal quarter ended March 31, 2025 on Thursday, May 8, 2025. The Company also expects to issue its earnings press release on Thursday, May 8, 2025, after the close of the markets.
globenewswire.com
- 1 month ago
8. Profile
Summary
Prospect Capital Corporation PSEC
COUNTRY
US
INDUSTRY
Asset Management
MARKET CAP
$ 1.46 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