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

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$6.92 -0.02 (-0.29 %)
(As of 11/16/2018 01:13 AM ET)
Previous Close$6.94
Today's Range$6.89 - $6.95
52-Week Range$5.95 - $7.60
Volume1.31 million shs
Average Volume1.70 million shs
Market Capitalization$2.52 billion
P/E Ratio8.76
Dividend Yield10.36%
Beta0.61
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 Ratio0.77
Current Ratio2.37
Quick Ratio2.37

Price-To-Earnings

Trailing P/E Ratio8.76
Forward P/E Ratio8.14
P/E GrowthN/A

Sales & Book Value

Annual Sales$607.01 million
Price / Sales4.17
Cash Flow$0.9117 per share
Price / Cash7.59
Book Value$9.39 per share
Price / Book0.74

Profitability

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 Shares365,480,000
Market Cap$2.52 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 declared a nov 19 dividend on Tuesday, November 6th. Investors of record on Friday, November 30th will be given a dividend of $0.06 per share on Thursday, December 20th. The ex-dividend date of this dividend is Thursday, November 29th. View Prospect Capital's Dividend History.

How were Prospect Capital's earnings last quarter?

Prospect Capital Co. (NASDAQ:PSEC) released its earnings results on Tuesday, November, 6th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.21 by $0.02. The financial services provider earned $159.40 million during the quarter, compared to analysts' expectations of $166.71 million. Prospect Capital had a net margin of 54.69% and a return on equity of 9.11%. The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $0.18 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 Wednesday, February 6th 2019. View Earnings Estimates for Prospect Capital.

What price target have analysts set for PSEC?

2 Wall Street analysts have issued twelve-month price objectives for Prospect Capital's shares. Their predictions range from $4.00 to $7.00. On average, they expect 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 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. " (11/15/2018)
  • 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?

News stories about PSEC stock have trended somewhat positive on Thursday, according to InfoTrie. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Prospect Capital earned a coverage optimism score of 0.8 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the stock's share price in the next few days.

Are investors shorting Prospect Capital?

Prospect Capital saw a drop in short interest in October. As of October 15th, there was short interest totalling 19,861,795 shares, a drop of 7.6% from the September 28th total of 21,485,073 shares. Based on an average trading volume of 2,012,481 shares, the days-to-cover ratio is currently 9.9 days. Approximately 6.1% of the company's stock 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)

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 LSV Asset Management (1.46%), Muzinich & Co. Inc. (1.38%), First Republic Investment Management Inc. (0.15%), Bank of Montreal Can (0.12%), United Services Automobile Association (0.11%) and Mackenzie Financial Corp (0.09%). 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 Muzinich & Co. Inc., GSA Capital Partners LLP, Virtu Financial LLC, Sumitomo Mitsui Asset Management Company LTD, Advisory Research Inc., CIBC World Markets Inc., Atria Investments LLC and United Services Automobile Association. 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 Bank of Montreal Can, LSV Asset Management, Strategic Wealth Advisors Group LLC, Mackenzie Financial Corp, GAM Holding AG, JNBA Financial Advisors, First Republic Investment Management Inc. and Mirae Asset Global Investments Co. Ltd.. 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 $2.52 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:  215 (Vote Outperform)
Underperform Votes:  374 (Vote Underperform)
Total Votes:  589
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 11/16/2018 by MarketBeat.com Staff

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