About Prospect Capital Corporation
Prospect Capital Corporation is a financial services company. The Company primarily lends to and invests in middle market privately held companies. The Company is a closed-end investment company. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The Company invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. The Company makes investments, including lending in private equity sponsored transactions, lending directly to companies not owned by private equity firms, control investments in corporate operating companies, control investments in financial companies, investments in structured credit, real estate investments, investments in syndicated debt, aircraft leasing and online lending. The Company is managed by its investment advisor, Prospect Capital Management L.P.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Asset Management
- Sub-Industry: Asset Management & Custody Banks
- Exchange: NASDAQ
- Symbol: PSEC
- CUSIP: 74348T10
- Previous Close: $9.48
- 50 Day Moving Average: $8.80
- 200 Day Moving Average: $8.30
- 52-Week Range: $6.70 - $9.58
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 9.72
- P/E Growth: 2.02
- Market Cap: $N/A
- Beta: 0.43
- Net Margins: 47.32%
- Return on Equity: 9.96%
- Return on Assets: 5.49%
Companies Related to Prospect Capital Corporation:
- Debt-to-Equity Ratio: 0.75%
- Current Ratio: 1.86%
- Quick Ratio: 1.86%
What is Prospect Capital Corporation's stock symbol?
Prospect Capital Corporation trades on the NASDAQ under the ticker symbol "PSEC."
How often does Prospect Capital Corporation pay dividends? What is the dividend yield for Prospect Capital Corporation?
Prospect Capital Corporation announced a monthly dividend on Wednesday, February 8th. Investors of record on Friday, March 31st will be given a dividend of $0.0833 per share on Thursday, April 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.49%. The ex-dividend date of this dividend is Wednesday, March 29th.
Where is Prospect Capital Corporation's stock going? Where will Prospect Capital Corporation's stock price be in 2017?
6 brokers have issued 1 year price objectives for Prospect Capital Corporation's shares. Their forecasts range from $5.25 to $9.00. On average, they anticipate Prospect Capital Corporation's share price to reach $7.04 in the next year.
When will Prospect Capital Corporation announce their earnings?
Prospect Capital Corporation is scheduled to release their next quarterly earnings announcement on Monday, May, 8th 2017.
What are analysts saying about Prospect Capital Corporation stock?
Here are some recent quotes from research analysts about Prospect Capital Corporation stock:
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. " (2/23/2017)
National Securities analysts commented, "• PSEC reported NII/share of $0.24 for fiscal 2Q17, matching consensus and our own estimate. NIM (net investment margin) improved 26 bps Q/Q largely as a result of fee income increasing due to heavy repayments.
• NAV/share improved 2 cents Q/Q to $9.62 with $16.7 million of unrealized appreciation being offset by an under-earned dividend. We expect NAV/share will likely decrease through the remainder of fiscal 2017 before increasing modestly in fiscal 2018.
• CLO equity cash on cash yields decreased by 460 bps linked Q/Q to 21.5% and GAAP yields declined 130 bps to 14.8%. Management commented that they have a number of CLOs being refinanced which is positive for cash yields but this is offset by fewer reinvestment opportunities as the broadly syndicated loan market remains strongly bid.
• We expect the quarterly dividend to be reduced from $0.25/share to $0.21/share in fiscal 1Q18 as a result of lower yields on new investment opportunities relative to legacy, higher yielding positions being rotated out of.
• We are revising our fiscal 2017 NII/share estimate from $0.93 to $0.92 and our fiscal 2018 NII/share estimate from $0.93 to $0.91.
Who owns Prospect Capital Corporation stock?
Prospect Capital Corporation's stock is owned by many different of institutional and retail investors. Top institutional investors include First Republic Investment Management Inc. (0.00%), Two Sigma Investments LP (0.00%), Van ECK Associates Corp (0.00%), Guggenheim Capital LLC (0.00%), Trent Capital Management Inc. NC (0.00%) and Allianz Asset Management AG (0.00%). Company insiders that own Prospect Capital Corporation stock include Brian H Oswald, Eugene S Stark, John F Barry and M Grier Eliasek.
Who sold Prospect Capital Corporation stock? Who is selling Prospect Capital Corporation stock?
Prospect Capital Corporation's stock was sold by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, Envestnet Asset Management Inc., National Planning Corp, CWA Asset Management Group LLC, Archford Capital Strategies LLC and Cambria Investment Management L.P..
Who bought Prospect Capital Corporation stock? Who is buying Prospect Capital Corporation stock?
Prospect Capital Corporation's stock was bought by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, Trent Capital Management Inc. NC, Van ECK Associates Corp, Allianz Asset Management AG, First Republic Investment Management Inc., Guggenheim Capital LLC, Moloney Securities Asset Management LLC and Menta Capital LLC. Company insiders that have bought Prospect Capital Corporation stock in the last two years include Brian H Oswald, Eugene S Stark, John F Barry and M Grier Eliasek.
How do I buy Prospect Capital Corporation stock?
Shares of Prospect Capital Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Prospect Capital Corporation stock cost?
One share of Prospect Capital Corporation stock can currently be purchased for approximately $9.53.