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NASDAQ:PSEC - Prospect Capital Stock Price, Price Target & More

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$6.92 +0.05 (+0.73 %)
(As of 07/22/2018 02:21 PM ET)
Previous Close$6.92
Today's Range$6.87 - $6.95
52-Week Range$5.51 - $8.37
Volume1.70 million shs
Average Volume1.14 million shs
Market Capitalization$2.51 billion
P/E Ratio8.14
Dividend Yield10.40%
Beta0.49
Prospect Capital logoProspect 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
SymbolNASDAQ:PSEC
CUSIP74348T10
Webwww.prospectstreet.com
Phone212-448-0702

Debt

Debt-to-Equity Ratio0.71
Current Ratio0.99
Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio8.14
Forward P/E Ratio8.99
P/E GrowthN/A

Sales & Book Value

Annual Sales$701.05 million
Price / Sales3.59
Cash Flow$1.1344 per share
Price / Cash6.10
Book Value$9.32 per share
Price / Book0.74

Profitability

EPS (Most Recent Fiscal Year)$0.85
Net Income$252.90 million
Net Margins36.39%
Return on Equity8.31%
Return on Assets4.63%

Miscellaneous

EmployeesN/A
Outstanding Shares363,270,000
Market Cap$2,513.80

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 Thursday, May 10th. Stockholders of record on Friday, August 31st will be paid a dividend of $0.06 per share on Thursday, September 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.40%. The ex-dividend date is Thursday, August 30th. View Prospect Capital's Dividend History.

How were Prospect Capital's earnings last quarter?

Prospect Capital Co. (NASDAQ:PSEC) posted its quarterly earnings data on Wednesday, May, 9th. The financial services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The financial services provider had revenue of $162.84 million for the quarter, compared to analyst estimates of $153.08 million. Prospect Capital had a return on equity of 8.31% and a net margin of 36.39%. The business's revenue for the quarter was down 4.8% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share. 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 Monday, August, 27th 2018. View Earnings Estimates for Prospect Capital.

What price target have analysts set for PSEC?

4 Wall Street analysts have issued 1 year target prices for Prospect Capital's stock. Their predictions 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 20.5%. View Analyst Ratings for Prospect Capital.

What is the consensus analysts' recommendation for Prospect Capital?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prospect Capital in the last year. There are currently 1 sell rating and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold."

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. " (7/20/2018)
  • 2. National Securities analysts commented, "• For fiscal 3Q18, PSEC earned NII/share of $0.19, exceeding our estimate by two cents. The beat was largely driven by the $5.6 million of dividend income received from NPRC, a 100% owned subsidiary. We believe the dividend income was a result of NPRC selling assets. As a control investment, PSEC records this above the NII line instead of booking these as realized gains. Thus, NII is higher than it would be if PSEC had sold those assets outside of a controlled subsidiary.
    • Brian Oswald, former CFO of Prospect, resigned abruptly on 4/4/18. The notice of Mr. Oswald’s departure came from an 8-K with no press release and no explanation given. On the earnings call, management stated that Mr. Oswald retired and wished him the best of luck. When we asked why they did not provide advance notice or at least provide a press release with reasoning, Mr. Barry stated that they “did not want to boast”. This comes as news to us as plenty of boasting was done the first twenty minutes on the call and additionally we are not ones to view letting your shareholders know why the CFO resigned as “boasting”.
    • We also asked about Atlantis Healthcare, a dialysis clinic operator in Puerto Rico the company is a lender to. The company stated that Atlantis had power in all but one facility courtesy of backup generators. We then proceeded to ask about loss of patients from evacuation and the company said they were not concerned about the credit. What is interesting is that in July Triple S ceased using Atlantis’ services and in February there was a NY Times article detailing the evacuation of many dialysis patients from both Puerto Rico and the Caribbean.
    • The company continues to hold Edmentum, Inc.’s junior PIK note on non-accrual. The same non-accrual is held by Oaktree Specialty Lending (NASD: OCSL – NEUTRAL - $4.87). PSEC had this non-accrual marked at 74% of cost as of 3/31/18 and Oaktree had this marked at zero.
    • We are also skeptical of marks on Prospect’s CLO book, online loan portfolio, and First Tower as well.
    • We are revising our fiscal 2018 NII/share estimate to $0.76 from $0.73 and our fiscal 2019 NII/share estimate to $0.65 from $0.66. " (5/14/2018)

Are investors shorting Prospect Capital?

Prospect Capital saw a decline in short interest during the month of June. As of June 15th, there was short interest totalling 22,972,382 shares, a decline of 5.8% from the May 31st total of 24,382,665 shares. Based on an average daily volume of 1,144,647 shares, the days-to-cover ratio is currently 20.1 days. Approximately 7.5% of the shares of the company are sold short. View Prospect Capital's Current Options Chain.

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)

Has Prospect Capital been receiving favorable news coverage?

Press coverage about PSEC stock has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Prospect Capital earned a news sentiment score of 0.07 on Accern's scale. They also assigned news stories about the financial services provider an impact score of 46.55 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Who are Prospect Capital's major shareholders?

Prospect Capital's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Mckinley Capital Management LLC Delaware (0.24%), DnB Asset Management AS (0.05%), Atria Investments LLC (0.02%), Fox Run Management L.L.C. (0.01%) and Creative Financial Designs Inc. ADV (0.01%). 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 major investors are buying Prospect Capital stock?

PSEC stock was bought by a variety of institutional investors in the last quarter, including Mckinley Capital Management LLC Delaware, Fox Run Management L.L.C., Creative Financial Designs Inc. ADV, DnB Asset Management AS and Atria Investments 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 $6.92.

How big of a company is Prospect Capital?

Prospect Capital has a market capitalization of $2.51 billion and generates $701.05 million in revenue each year. The financial services provider earns $252.90 million in net income (profit) each year or $0.85 on an earnings per share basis.

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:  191 (Vote Outperform)
Underperform Votes:  351 (Vote Underperform)
Total Votes:  542
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 7/22/2018 by MarketBeat.com Staff

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