NASDAQ:PSEC - Prospect Capital Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $6.57 -0.19 (-2.81 %) (As of 01/23/2019 08:00 AM ET)Previous Close$6.76Today's Range$6.53 - $6.7352-Week Range$5.70 - $7.60Volume3.08 million shsAverage Volume2.14 million shsMarket Capitalization$2.40 billionP/E Ratio8.05Dividend Yield10.65%Beta0.64 ProfileDiscussionAnalyst RatingsChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. Receive PSEC News and Ratings via Email Sign-up to receive the latest news and ratings for PSEC and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NASDAQ Industry Investors, not elsewhere classified Sub-IndustryAsset Management & Custody Banks SectorFinance Current SymbolNASDAQ:PSEC Previous Symbol CUSIP74348T10 Webwww.prospectstreet.com Phone212-448-0702Debt Debt-to-Equity Ratio0.77 Current Ratio2.37 Quick Ratio2.37Price-To-Earnings Trailing P/E Ratio8.05 Forward P/E Ratio6.92 P/E GrowthN/A Sales & Book Value Annual Sales$607.01 million Price / Sales3.96 Cash Flow$0.8831 per share Price / Cash Flow7.44 Book Value$9.38 per share Price / Book0.70Profitability EPS (Most Recent Fiscal Year)$0.79 Net Income$299.86 million Net Margins54.69% Return on Equity9.11% Return on Assets5.18%Miscellaneous EmployeesN/A Outstanding Shares365,480,000Market Cap$2.40 billion OptionableOptionable 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 announced a monthly dividend on Tuesday, November 6th. Stockholders of record on Thursday, January 31st will be given a dividend of $0.06 per share on Thursday, February 21st. This represents a $0.72 annualized dividend and a dividend yield of 10.96%. The ex-dividend date of this dividend is Wednesday, January 30th. View Prospect Capital's Dividend History. How were Prospect Capital's earnings last quarter? Prospect Capital Co. (NASDAQ:PSEC) released its quarterly earnings data on Tuesday, November, 6th. The financial services provider reported $0.23 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.02. The financial services provider earned $159.40 million during the quarter, compared to analyst estimates of $166.71 million. Prospect Capital had a return on equity of 9.11% and a net margin of 54.69%. Prospect Capital's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 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 6th 2019. View Earnings Estimates for Prospect Capital. What price target have analysts set for PSEC? 2 Wall Street analysts have issued 12 month price objectives for Prospect Capital's shares. Their predictions range from $4.00 to $6.00. On average, they anticipate Prospect Capital's stock price to reach $5.00 in the next year. This suggests that the stock has a possible downside of 23.9%. 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. " (1/15/2019) 2. National Securities analysts commented, " Prospect posted NII/share of $0.23 for fiscal 1Q19, three cents above our estimate of $0.20 and comfortably above the $0.18/share quarterly dividend. The earnings beat was almost entirely driven by dividend income from control investments which jumped to $14.7 million from $5.6 million linked Q/Q. Of the $14.7 million earned in control dividend income on the quarter $11.0 million came from NPRC and $3.5 million from Valley Electric. Valley Electric has not paid a dividend to PSEC before that we know of. The dividends from NPRC again came from the sales of properties. Three properties were sold during the quarter with roughly $45.0 million of proceeds and a $28.0 million realized gain. The dividend to PSEC thus represented about 39% of the net realized gain. Thus far in fiscal 2Q19, PSEC has sold one property in NPRC with proceeds of just over $50.0 million and a cost basis of half of that with three more under contract to be sold. Thus, we expect that dividend income should be outsized again in the 12/31/18 quarter and think Prospect should continue to sell-down properties and keep dividend income elevated through at least fiscal 1H20. The investment in previous past due loan Interdent was increased on the quarter with the cost basis increasing to $235.9 million from $212.7 million Q/Q. The interest rate on the term loan B was modified to 16% PIK from L+6.25% plus 4.25% PIK and term loan A/B was added with a rate of L+25 bps (75 bps floor) and term loan D was added with 1% PIK. The mark on term loan C was boosted to 70.5% of cost from zero Q/Q with the par value of the loan increasing to $35.8 million from $3.2 million Q/Q. We are revising our fiscal 2019 NII/share estimate to $0.88 from $0.74 and our fiscal 2020 NII/share estimate to $0.67 from $0.65. " (11/12/2018) Has Prospect Capital been receiving favorable news coverage? Media stories about PSEC stock have been trending somewhat positive on Wednesday, InfoTrie reports. The research group rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Prospect Capital earned a news impact score of 1.4 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the stock's share price in the next several days. Are investors shorting Prospect Capital? Prospect Capital saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 21,200,787 shares, an increase of 12.7% from the December 14th total of 18,816,824 shares. Based on an average daily trading volume, of 5,027,447 shares, the short-interest ratio is presently 4.2 days. Approximately 7.0% of the company's shares are sold short. View Prospect Capital's Current Options Chain. Who are some of Prospect Capital's key competitors? Some companies that are related to Prospect Capital include Ares Capital (ARCC), TPG Specialty Lending (TSLX), Golub Capital BDC (GBDC), New Mountain Finance (NMFC), PennantPark Investment (PNNT), Pennantpark Floating Rate Capital (PFLT), Capital Southwest (CSWC), Gladstone Investment (GAIN), Triplepoint Venture Growth BDC (TPVG), Oaktree Strategic Income (OCSI), Arlington Asset Investment (AI), Stellus Capital Investment (SCM), THL Credit (TCRD), Safeguard Scientifics (SFE) and OFS Capital (OFS). 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 OfficerMr. Brian H. Oswald CPA, CFO, Principal Accounting Officer, Chief Compliance Officer, Treasurer and Company Sec. (Age 58)Mr. Michael Cimini, Head of Investor Relations (Age 44) Who are Prospect Capital's major shareholders? Prospect Capital's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include DNB Asset Management AS (0.04%), Alpha Omega Wealth Management LLC (0.02%), Alpha Windward LLC (0.02%), Bank of Montreal Can (0.01%), Capital Investment Advisors LLC (0.01%) and Wealthstar Advisors 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 major investors are selling Prospect Capital stock? PSEC stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can and DNB Asset Management AS. View Insider Buying and Selling for Prospect Capital. Which major investors are buying Prospect Capital stock? PSEC stock was acquired by a variety of institutional investors in the last quarter, including Alpha Windward LLC, Wealthstar Advisors LLC, Capital Investment Advisors LLC and Alpha Omega Wealth Management 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 $6.57. How big of a company is Prospect Capital? Prospect Capital has a market capitalization of $2.40 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 ()Outperform Votes: 223 (Vote Outperform)Underperform Votes: 387 (Vote Underperform)Total Votes: 610MarketBeat'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 1/23/2019 by MarketBeat.com StaffFeatured Article: Does the Step Transaction Doctrine Affect a Backdoor Roth IRA?