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NASDAQ:PSEC

Prospect Capital - PSEC Stock Forecast, Price & News

$8.02
+0.08 (+1.01%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$7.97
$8.07
50-Day Range
$6.68
$7.94
52-Week Range
$6.66
$9.06
Volume
1.13 million shs
Average Volume
1.70 million shs
Market Capitalization
$3.15 billion
P/E Ratio
3.65
Dividend Yield
9.07%
Price Target
$6.50

Prospect Capital MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
19.0% Downside
$6.50 Price Target
Short Interest
Healthy
2.34% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
11.25%
From $0.80 to $0.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.24 out of 5 stars

Finance Sector

621st out of 904 stocks

Investors, Not Elsewhere Classified Industry

8th out of 17 stocks

PSEC stock logo

About Prospect Capital (NASDAQ:PSEC) Stock

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. It also makes real estate investments particularly in multi-family residential real estate asset class. The fund makes secured debt, senior debt, senior and secured term loans, unitranche debt, first-lien and second lien, private debt, private equity, 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. It also focuses on investing in small-sized and medium-sized private companies rather than large public companies. 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 $150 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.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PSEC. Wells Fargo & Company reduced their target price on Prospect Capital from $7.00 to $6.50 and set an "underweight" rating for the company in a report on Monday, April 25th. TheStreet lowered shares of Prospect Capital from a "b" rating to a "c+" rating in a research report on Tuesday, July 26th.

Prospect Capital Trading Up 1.0 %

Shares of PSEC traded up $0.08 during trading hours on Wednesday, hitting $8.02. 32,516 shares of the stock traded hands, compared to its average volume of 1,702,848. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.61. Prospect Capital has a 1-year low of $6.66 and a 1-year high of $9.06. The firm has a market capitalization of $3.15 billion, a PE ratio of 3.61 and a beta of 0.88. The business has a fifty day moving average of $7.36 and a 200-day moving average of $7.82.

Prospect Capital (NASDAQ:PSEC - Get Rating) last announced its quarterly earnings data on Monday, May 9th. The financial services provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $181.43 million for the quarter, compared to analyst estimates of $170.47 million. Prospect Capital had a net margin of 126.76% and a return on equity of 8.29%. Analysts expect that Prospect Capital will post 0.8 EPS for the current year.

Prospect Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 21st. Investors of record on Monday, August 29th will be issued a $0.06 dividend. The ex-dividend date is Friday, August 26th. This represents a $0.72 dividend on an annualized basis and a yield of 8.98%. Prospect Capital's dividend payout ratio is presently 32.73%.

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PSEC Stock News Headlines

PSEC_pa Technical Analysis
Prospect Capital: A Dividend Cut Could Come Soon
Best Income Stocks to Buy for May 23rd
Prospect Capital: Dividend Insights
See More Headlines
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PSEC Company Calendar

Last Earnings
11/07/2021
Ex-Dividend for 8/18 Dividend
7/26/2022
Today
8/10/2022
Dividend Payable
8/18/2022
Next Earnings (Estimated)
8/23/2022
Ex-Dividend for 9/21 Dividend
8/26/2022
Dividend Payable
9/21/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Investors, not elsewhere classified
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
Current Symbol
NASDAQ:PSEC
CUSIP
74348T10
Employees
2,019
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$6.50
High Stock Price Forecast
$6.50
Low Stock Price Forecast
$6.50
Forecasted Upside/Downside
-19.0%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$963.81 million
Pretax Margin
127.81%

Debt

Sales & Book Value

Annual Sales
$631.97 million
Cash Flow
$0.75 per share
Book Value
$9.82 per share

Miscellaneous

Free Float
283,682,000
Market Cap
$3.15 billion
Optionable
Optionable
Beta
0.88

Social Links


Key Executives

  • Mr. John Francis Barry III (Age 70)
    J.D., Chairman & CEO
  • Mr. Michael Grier Eliasek (Age 48)
    Pres, COO & Director
  • Ms. Kristin Lea Van Dask CPA (Age 42)
    CFO, Treasurer, Sec. & Chief Compliance Officer
  • Ms. Alexandra Krasinets CPA
    VP of Accounting
  • Mr. Al Faella
    Chief Technology Officer
  • Ms. Daria Becker
    Head of Admin.
  • Mr. Jonathan J. Li
    Chief Compliance Officer and Deputy Gen. Counsel
  • Ms. Trisha Blackman
    Sr. VP of Admin., Head of HR & Deputy Chief Compliance Officer
  • Mr. Bart J. deBie J.D. (Age 49)
    Managing Director
  • Mr. David L. Belzer (Age 53)
    Managing Director













PSEC Stock - Frequently Asked Questions

Should I buy or sell Prospect Capital stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Prospect Capital in the last twelve months. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PSEC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PSEC, but not buy additional shares or sell existing shares.
View PSEC analyst ratings
or view top-rated stocks.

What is Prospect Capital's stock price forecast for 2022?

2 brokerages have issued 12 month target prices for Prospect Capital's stock. Their PSEC share price forecasts range from $6.50 to $6.50. On average, they predict the company's share price to reach $6.50 in the next twelve months. This suggests that the stock has a possible downside of 19.2%.
View analysts price targets for PSEC
or view top-rated stocks among Wall Street analysts.

How have PSEC shares performed in 2022?

Prospect Capital's stock was trading at $8.41 at the start of the year. Since then, PSEC stock has decreased by 4.4% and is now trading at $8.04.
View the best growth stocks for 2022 here
.

When is Prospect Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our PSEC earnings forecast
.

How were Prospect Capital's earnings last quarter?

Prospect Capital Co. (NASDAQ:PSEC) posted its quarterly earnings data on Sunday, November, 7th. The financial services provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. The financial services provider earned $169.47 million during the quarter, compared to analyst estimates of $166.31 million. Prospect Capital had a trailing twelve-month return on equity of 8.29% and a net margin of 126.76%. During the same period in the prior year, the company posted $0.15 EPS.

How often does Prospect Capital pay dividends? What is the dividend yield for Prospect Capital?

Prospect Capital announced a monthly dividend on Thursday, May 12th. Investors of record on Monday, August 29th will be paid a dividend of $0.06 per share on Wednesday, September 21st. This represents a $0.72 dividend on an annualized basis and a yield of 8.96%. The ex-dividend date of this dividend is Friday, August 26th.
Read our dividend analysis for PSEC
.

Is Prospect Capital a good dividend stock?

Prospect Capital (NASDAQ:PSEC) pays an annual dividend of $0.72 per share and currently has a dividend yield of 9.10%. PSEC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 32.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, PSEC will have a dividend payout ratio of 80.90% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PSEC.

What is John F. Barry III's approval rating as Prospect Capital's CEO?

23 employees have rated Prospect Capital Chief Executive Officer John F. Barry III on Glassdoor.com. John F. Barry III has an approval rating of 85% among the company's employees.

What other stocks do shareholders of Prospect Capital own?

What is Prospect Capital's stock symbol?

Prospect Capital trades on the NASDAQ under the ticker symbol "PSEC."

Who are Prospect Capital's major shareholders?

Prospect Capital's stock is owned by many different institutional and retail investors. Top institutional investors include Van ECK Associates Corp (0.87%), Sumitomo Mitsui Trust Holdings Inc. (0.22%), Advisors Asset Management Inc. (0.18%), Mckinley Capital Management LLC Delaware (0.14%), XML Financial LLC (0.06%) and DnB Asset Management AS (0.06%). Insiders that own company stock include Dask Kristin Lea Van, Eugene S Stark, John F Barry, M Grier Eliasek and William Gremp.
View institutional ownership trends
.

How do I buy shares of Prospect Capital?

Shares of PSEC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Prospect Capital's stock price today?

One share of PSEC stock can currently be purchased for approximately $8.04.

How much money does Prospect Capital make?

Prospect Capital (NASDAQ:PSEC) has a market capitalization of $3.15 billion and generates $631.97 million in revenue each year. The financial services provider earns $963.81 million in net income (profit) each year or $2.20 on an earnings per share basis.

How many employees does Prospect Capital have?

The company employs 2,019 workers across the globe.

When was Prospect Capital founded?

Prospect Capital was founded in 2004.

How can I contact Prospect Capital?

Prospect Capital's mailing address is 10 EAST 40TH STREET 42ND FLOOR, NEW YORK NY, 10016. The official website for the company is www.prospectstreet.com. The financial services provider can be reached via phone at (212) 448-0702, via email at investorrelations@prospectstreet.com, or via fax at 212-448-9652.

This page (NASDAQ:PSEC) was last updated on 8/10/2022 by MarketBeat.com Staff

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