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

Sign in or create an account to add this stock to your watchlist.
$6.65 -0.04 (-0.60 %)
(As of 04/19/2019 04:00 PM ET)
Previous Close$6.69
Today's Range$6.65 - $6.7366
52-Week Range$5.70 - $7.60
Volume1.08 million shs
Average Volume1.78 million shs
Market Capitalization$2.44 billion
P/E Ratio8.42
Dividend Yield10.76%
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. 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.

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

Industry Investors, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
Current SymbolNASDAQ:PSEC



Sales & Book Value

Annual Sales$607.01 million
Cash Flow$0.9147 per share
Book Value$9.38 per share


Net Income$299.86 million


Market Cap$2.44 billion
Next Earnings Date5/8/2019 (Estimated)

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, February 7th. Shareholders of record on Thursday, February 28th will be given a dividend of $0.06 per share on Thursday, March 21st. This represents a $0.72 annualized dividend and a yield of 10.83%. The ex-dividend date of this dividend is Wednesday, February 27th. View Prospect Capital's Dividend History.

How were Prospect Capital's earnings last quarter?

Prospect Capital Co. (NASDAQ:PSEC) issued its quarterly earnings results on Wednesday, February, 6th. The financial services provider reported $0.22 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.22. The financial services provider had revenue of $187.88 million for the quarter, compared to analysts' expectations of $182.09 million. Prospect Capital had a net margin of 25.89% and a return on equity of 9.37%. The company's revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 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, May 8th 2019. View Earnings Estimates for Prospect Capital.

What price target have analysts set for PSEC?

2 brokerages have issued 1-year target prices for Prospect Capital's stock. Their forecasts range from $4.00 to $6.00. On average, they expect Prospect Capital's stock price to reach $5.00 in the next twelve months. This suggests that the stock has a possible downside of 24.8%. 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. " (4/10/2019)
  • 2. National Securities analysts commented, " Prospect earned NII/share of $0.22 for F2Q19, a penny shy of our estimate as expenses were 8.4% above our forecast despite revenues being 1.9% higher. We had modeled $18.5mm of control investment dividend income which came in at $13.0mm but “other income” from control investments was $15.7mm versus our $2.8mm estimate as PSEC had a significant return of capital on its equity in NPRC and amended its loan terms for a $12.8mm structuring fee. We think that with cap rates rising future sales will generate less gains for PSEC from NPRC and that the most of the other income is also likely to be non-recurring, which points to pressure on earnings, in our opinion.
     During the quarter, the average bid on a loan price according to the LSTA (Loan Syndication & Trading Association) declined by 5.8% as heavy outflows from loan funds forced managers to sell loans to meet redemptions. Yet Prospect’s CLO equity portfolio depreciated by 4.3% Q/Q, less than the average bid on a loan despite BSL CLO equity typically being leveraged 10x. As we see it, this makes absolutely no sense.
     Non-accruals at cost increased to $488.5mm or 8.0% of the portfolio from $348.2mm or 5.8% of the portfolio Q/Q. Notably, after the other term loans were past due for a year, Interdent’s term loan C and D were finally placed on non-accrual status. The term loan C was marked down to 61% of cost from 71% the quarter prior although the three term loans ahead of it are still carried at cost. We’re not exactly surprised.
     Pacific World’s term loan A was placed on non-accrual status although it’s being carried above cost although we think it is likely that this loan gets written down materially with time. The term loan B, which had already been on non-accrual status, was marked down to 15% of cost from 49% Q/Q. Universal Turbine Parts had its equity purchased by PSEC who then placed three of its employees on the newly formed Board and the term loan B was written down to 18% of cost from 55% Q/Q.
     We are revising our fiscal 2019 NII/share estimate to $0.82 from $0.88 and our fiscal 2020 NII/share estimate to $0.61 from $0.67. " (2/11/2019)

Has Prospect Capital been receiving favorable news coverage?

News stories about PSEC stock have trended somewhat positive this week, according to InfoTrie. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Prospect Capital earned a daily sentiment score of 1.0 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next several days.

Are investors shorting Prospect Capital?

Prospect Capital saw a decline in short interest during the month of March. As of March 15th, there was short interest totalling 21,446,762 shares, a decline of 6.5% from the February 28th total of 22,943,347 shares. Based on an average daily volume of 1,380,447 shares, the short-interest ratio is presently 15.5 days. Approximately 7.1% of the shares of the stock are short sold. 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 shareholders include Wedbush Securities Inc. (0.02%), Alpha Windward LLC (0.02%), Virtu Financial LLC (0.02%), Nikulski Financial Inc. (0.01%), Eqis Capital Management Inc. (0.01%) and Capital Investment 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 Wedbush Securities Inc., Eqis Capital Management Inc., Capital Investment Advisors LLC and Clarus Wealth Advisors. View Insider Buying and Selling 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 Virtu Financial LLC, Nikulski Financial Inc., Massey Quick Simon & CO. LLC, Mercer Global Advisors Inc. ADV, Flagship Harbor Advisors LLC and Alpha Windward 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 $6.65.

How big of a company is Prospect Capital?

Prospect Capital has a market capitalization of $2.44 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

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:  228 (Vote Outperform)
Underperform Votes:  401 (Vote Underperform)
Total Votes:  629
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 4/19/2019 by Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.

Yahoo Gemini Pixel