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Prospect Capital Stock Price, Forecast & Analysis (NASDAQ:PSEC)

$6.49
+0.01 (+0.15 %)
(As of 11/14/2019 04:00 PM ET)
Today's Range
$6.46
Now: $6.49
$6.50
50-Day Range
$6.37
MA: $6.50
$6.66
52-Week Range
$5.70
Now: $6.49
$6.98
Volume934,000 shs
Average Volume1.59 million shs
Market Capitalization$2.38 billion
P/E Ratio7.64
Dividend Yield11.11%
Beta0.76
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$703.77 million
Cash Flow$0.86 per share
Book Value$8.87 per share

Profitability

Net Income$144.49 million

Miscellaneous

EmployeesN/A
Market Cap$2.38 billion
Next Earnings Date2/5/2020 (Estimated)
OptionableOptionable

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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, November 6th. Investors of record on Friday, November 29th will be paid a dividend of $0.06 per share on Thursday, December 19th. This represents a $0.72 annualized dividend and a dividend yield of 11.09%. The ex-dividend date is Wednesday, November 27th. View Prospect Capital's Dividend History.

How were Prospect Capital's earnings last quarter?

Prospect Capital Co. (NASDAQ:PSEC) announced its quarterly earnings data on Wednesday, November, 6th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by $0.14. The financial services provider had revenue of $161.88 million for the quarter, compared to analyst estimates of $162.98 million. Prospect Capital had a return on equity of 9.05% and a net margin of 11.49%. During the same quarter last year, the company posted $0.23 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, February 5th 2020. View Earnings Estimates for Prospect Capital.

What price target have analysts set for PSEC?

2 equities research analysts have issued 12-month target prices for Prospect Capital's stock. Their forecasts range from $4.00 to $6.00. On average, they anticipate Prospect Capital's share price to reach $5.00 in the next twelve months. This suggests that the stock has a possible downside of 23.0%. 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 2 sell ratings for the stock, resulting in a consensus recommendation of "Sell." 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. " (10/30/2019)
  • 2. National Securities analysts commented, "▪ For F3Q19, PSEC posted NII/share of $0.21 versus our estimate of $0.19 and the quarterly dividend of $0.18/share. Dividend income came in at $4.5mm, below our $7.8mm estimate although other income was well above our estimate of $3.8mm at $11.5mm. As a reminder, last quarter, PSEC paid itself an amendment fee on its loan to NPRC, a company it controls. You can’t make this stuff up.
    ▪ As we expected, NPRC sales and thus dividends declined Q/Q to $1.0mm from $9.0mm and Valley Electric’s dividend decreased to $2.6mm from $4.0mm Q/Q. With increased cap rates, property sales within NPRC that are used to kick up dividend income to PSEC should continue to slow materially, as we see it.
    ▪ Unsurprisingly, PSEC continues to hold Edmentum at 74% of cost while Oaktree Specialty Lending (NASD: OCSL – BUY – $5.50) holds the same position at 2.5% of cost. Additionally, PSEC continues to own the same CLO equity tranche as Eagle Point (NYSE: ECC – BUY - $17.04), CIFC 2014-IV. At 12/31/18 (ECC has yet to report 3/31/19 numbers), PSEC had this position marked 17 points above ECC, despite an active market place for trading CLO equity. It’s worth noting that despite an active market and bids that are observable, PSEC uses a no name firm in California to run Monte Carlo simulations to come up with CLO values, which by wild coincidence are always higher than the market.
    ▪ First Tower’s equity was marked up to 253.6% of cost from 213.4% of cost Q/Q and the PIK rate was increased by 50 bps. The closest public comp we know of is Curo Group Holdings (NYSE: CURO – NR - $10.90) which has struggled significantly. This is brushing aside the reputational damage done by regulatory actions taken against First Tower in the past, too.
    ▪ We are revising our fiscal 2019 NII/share estimate to $0.85 from $0.82 and our fiscal 2020 NII/share estimate to $0.65 from $0.61." (5/13/2019)

Has Prospect Capital been receiving favorable news coverage?

News headlines about PSEC stock have trended somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Prospect Capital earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Prospect Capital.

Are investors shorting Prospect Capital?

Prospect Capital saw a drop in short interest in October. As of October 15th, there was short interest totalling 14,110,000 shares, a drop of 7.8% from the September 15th total of 15,300,000 shares. Based on an average daily trading volume, of 1,510,000 shares, the days-to-cover ratio is presently 9.3 days. Currently, 4.7% of the company's stock are sold short. View Prospect Capital's Current Options Chain.

Who are some of Prospect Capital's key competitors?

What other stocks do shareholders of Prospect Capital own?

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 67)
  • Mr. Michael Grier Eliasek, Pres & COO (Age 45)
  • Ms. Kristin Lea Van Dask CPA, CFO, Treasurer, Sec. & Chief Compliance Officer (Age 39)
  • Mr. Al Faella, Chief Technology Officer
  • Ms. Daria Becker, Head of Admin.

Who are Prospect Capital's major shareholders?

Prospect Capital's stock is owned by a variety of of retail and institutional investors. Top institutional investors include California Public Employees Retirement System (0.24%), Camelot Portfolios LLC (0.12%), Strategic Wealth Advisors Group LLC (0.06%), Vanguard Capital Wealth Advisors (0.05%), DNB Asset Management AS (0.05%) and Garner Asset Management Corp (0.03%). Company insiders that own Prospect Capital stock include 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 Camelot Portfolios LLC, Strategic Wealth Advisors Group LLC, Eqis Capital Management Inc., Garner Asset Management Corp, Sage Capital Advisors llc, Wedbush Securities Inc., Sumitomo Mitsui Trust Holdings Inc. and Oppenheimer & Co. Inc.. View Insider Buying and Selling for Prospect Capital.

Which institutional investors are buying Prospect Capital stock?

PSEC stock was purchased by a variety of institutional investors in the last quarter, including California Public Employees Retirement System, Usca Ria LLC, SG Americas Securities LLC, Principle Wealth Partners LLC, Vanguard Capital Wealth Advisors, First National Bank of Omaha, DNB Asset Management AS and Biltmore Capital Advisors LLC. Company insiders that have bought Prospect Capital stock in the last two years include 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, Robinhood, Fidelity and Charles Schwab.

What is Prospect Capital's stock price today?

One share of PSEC stock can currently be purchased for approximately $6.49.

How big of a company is Prospect Capital?

Prospect Capital has a market capitalization of $2.38 billion and generates $703.77 million in revenue each year. The financial services provider earns $144.49 million in net income (profit) each year or $0.85 on an earnings per share basis. View Additional Information About Prospect Capital.

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:  1.9 out of 5 (star)
Outperform Votes:  263 (Vote Outperform)
Underperform Votes:  438 (Vote Underperform)
Total Votes:  701
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 11/14/2019 by MarketBeat.com Staff

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