NASDAQ:PSEC - Prospect Capital Stock Price, News, & Analysis

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$6.81 -0.11 (-1.59 %)
(As of 10/23/2018 04:00 PM ET)
Previous Close$6.92
Today's Range$6.72 - $6.90
52-Week Range$5.51 - $7.60
Volume2.68 million shs
Average Volume1.69 million shs
Market Capitalization$2.56 billion
P/E Ratio8.62
Dividend Yield10.27%
Beta0.57
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, 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, unitranche debt, first-lien and second lien, private debt, 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. 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 $250 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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:PSEC
Previous Symbol
CUSIP74348T10
Phone212-448-0702

Debt

Debt-to-Equity Ratio0.68
Current Ratio0.92
Quick Ratio0.92

Price-To-Earnings

Trailing P/E Ratio8.62
Forward P/E Ratio8.01
P/E GrowthN/A

Sales & Book Value

Annual Sales$607.01 million
Price / Sales4.09
Cash Flow$0.8833 per share
Price / Cash7.71
Book Value$9.38 per share
Price / Book0.73

Profitability

EPS (Most Recent Fiscal Year)$0.79
Net Income$299.86 million
Net Margins45.58%
Return on Equity8.57%
Return on Assets4.86%

Miscellaneous

EmployeesN/A
Outstanding Shares364,960,000
Market Cap$2.56 billion
OptionableN/A

Prospect Capital (NASDAQ:PSEC) Frequently Asked Questions

What is Prospect Capital's stock symbol?

Prospect Capital trades on the NASDAQ under the ticker symbol "PSEC."

How often does Prospect Capital pay dividends? What is the dividend yield for Prospect Capital?

Prospect Capital declared a monthly dividend on Wednesday, August 29th. Shareholders of record on Wednesday, October 31st will be given a dividend of $0.06 per share on Wednesday, November 21st. This represents a $0.72 dividend on an annualized basis and a yield of 10.57%. The ex-dividend date of this dividend is Tuesday, October 30th. View Prospect Capital's Dividend History.

How were Prospect Capital's earnings last quarter?

Prospect Capital Co. (NASDAQ:PSEC) announced its earnings results on Tuesday, August, 28th. The financial services provider reported $0.22 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.02. The financial services provider earned $174.03 million during the quarter, compared to analyst estimates of $161.76 million. Prospect Capital had a net margin of 45.58% and a return on equity of 8.57%. The business's revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 EPS. View Prospect Capital's Earnings History.

When is Prospect Capital's next earnings date?

Prospect Capital is scheduled to release their next quarterly earnings announcement on Wednesday, November 14th 2018. View Earnings Estimates for Prospect Capital.

What price target have analysts set for PSEC?

2 analysts have issued twelve-month price objectives for Prospect Capital's stock. Their forecasts range from $4.00 to $7.00. On average, they anticipate Prospect Capital's stock price to reach $5.50 in the next year. This suggests that the stock has a possible downside of 19.2%. View Analyst Price Targets for Prospect Capital.

What is the consensus analysts' recommendation for Prospect Capital?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prospect Capital in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Prospect Capital.

What are Wall Street analysts saying about Prospect Capital stock?

Here are some recent quotes from research analysts about Prospect Capital stock:
  • 1. According to Zacks Investment Research, "Prospect Capital Corporation is a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital's investment objective is to generate both current income and capital appreciation through debt and equity investments. " (9/1/2018)
  • 2. National Securities analysts commented, " PSEC earned NII/share of $0.22 for fiscal 4Q18 versus our estimate of $0.19 and the dividend of $0.18. Interest income from control investments jumped to $56.1 million from $45.9 million sequentially Q/Q and CLO equity income increased to $34.7 million from $31.3 million Q/Q.
     While we can understand that resets and refinances in prior quarters drove increased GAAP effective yield on CLO equity and thus more income, we think a quarterly increase of 22% in interest income from controlled investments is worthy of significant skepticism.
     First Tower had its PIK interest rate increased by 300 bps on the quarter and the position was marked up by $7.0 million. For fiscal 2018, NPRC recorded $8.8 million of “other income” compared with zero the previous fiscal year, with management citing structuring fees and to a lesser extent royalty agreements. We are unsure of why structuring fees were not earned in previous years or at least not recorded as “other income” within NPRC.
     The company exercised its warrants to take a control position in Interdent, a company we previously had written about. In the 9/30/17 quarter PSEC magically pushed out the maturity to 12/31/17 despite it being due 8/3/17, didn’t define it as past due or non-accrual, barely wrote it down, reduced the LIBOR spread by 425 bps, now finally acknowledges “customer attrition” and that it is past due, which is good for being marked at 93 cents of cost, apparently. We’re scratching our heads wondering how this can go on.
     We are revising our fiscal 2019 NII/share estimate to $0.74 from $0.65 and rolling out our fiscal 2020 NII/share estimate of $0.65. Our $4 price target represents a 53% discount to our fiscal 4Q20 NAV/share estimate of $8.49 which we believe is fully warranted given what we feel are outlandish marks and inflated portfolio company valuations. " (8/31/2018)

Who are some of Prospect Capital's key competitors?

Who are Prospect Capital's key executives?

Prospect Capital's management team includes the folowing people:
  • Mr. John Francis Barry III, J.D., Chairman & CEO (Age 66)
  • Mr. Michael Grier Eliasek, Pres & COO (Age 44)
  • Ms. Kristin Lea Van Dask CPA, CFO, Treasurer, Sec. & Chief Compliance Officer
  • Mr. Brian H. Oswald CPA, CFO, Principal Accounting Officer, Chief Compliance Officer, Treasurer and Company Sec. (Age 57)
  • Mr. Michael Cimini, Head of Investor Relations (Age 43)

Who are Prospect Capital's major shareholders?

Prospect Capital's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.12%), Sumitomo Mitsui Asset Management Company LTD (0.07%), DNB Asset Management AS (0.05%), Atria Investments LLC (0.01%), Fox Run Management L.L.C. (0.00%) and American Financial Network Advisory Services LLC (0.00%). Company insiders that own Prospect Capital stock include Brian H Oswald, Dask Kristin Lea Van, Eugene S Stark, John F Barry, M Grier Eliasek and William Gremp. View Institutional Ownership Trends for Prospect Capital.

Which institutional investors are selling Prospect Capital stock?

PSEC stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Asset Management Company LTD, Atria Investments LLC, DNB Asset Management AS and Fox Run Management L.L.C.. View Insider Buying and Selling for Prospect Capital.

Which institutional investors are buying Prospect Capital stock?

PSEC stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can and American Financial Network Advisory Services LLC. Company insiders that have bought Prospect Capital stock in the last two years include Brian H Oswald, Dask Kristin Lea Van, Eugene S Stark, John F Barry, M Grier Eliasek and William Gremp. View Insider Buying and Selling for Prospect Capital.

How do I buy shares of Prospect Capital?

Shares of PSEC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Prospect Capital's stock price today?

One share of PSEC stock can currently be purchased for approximately $6.81.

How big of a company is Prospect Capital?

Prospect Capital has a market capitalization of $2.56 billion and generates $607.01 million in revenue each year. The financial services provider earns $299.86 million in net income (profit) each year or $0.79 on an earnings per share basis.

What is Prospect Capital's official website?

The official website for Prospect Capital is http://www.prospectstreet.com.

How can I contact Prospect Capital?

Prospect Capital's mailing address is 10 EAST 40TH STREET 42ND FLOOR, NEW YORK NY, 10016. The financial services provider can be reached via phone at 212-448-0702 or via email at [email protected]


MarketBeat Community Rating for Prospect Capital (NASDAQ PSEC)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  211 (Vote Outperform)
Underperform Votes:  370 (Vote Underperform)
Total Votes:  581
MarketBeat's community ratings are surveys of what our community members think about Prospect Capital and other stocks. Vote "Outperform" if you believe PSEC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PSEC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/23/2018 by MarketBeat.com Staff

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