Prospect Capital Corporation Company Profile (NASDAQ:PSEC)

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

Prospect Capital Corporation announced a monthly dividend on Tuesday, August 29th. Investors of record on Tuesday, October 31st will be paid a dividend of $0.06 per share on Wednesday, November 22nd. This represents a $0.72 annualized dividend and a yield of 10.76%. The ex-dividend date of this dividend is Monday, October 30th. View Prospect Capital Corporation's Dividend History.

Prospect Capital Corporation (NASDAQ:PSEC) announced its quarterly earnings data on Monday, August, 28th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.21 by $0.02. The company earned $166.70 million during the quarter, compared to analysts' expectations of $177.21 million. Prospect Capital Corporation had a return on equity of 8.98% and a net margin of 36.08%. The company's revenue was down 13.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. View Prospect Capital Corporation's Earnings History.

Prospect Capital Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, November, 14th 2017. View Earnings Estimates for Prospect Capital Corporation.

4 brokerages have issued 1 year price targets for Prospect Capital Corporation's shares. Their forecasts range from $6.00 to $8.50. On average, they anticipate Prospect Capital Corporation's stock price to reach $7.17 in the next year. View Analyst Ratings for Prospect Capital Corporation.

Here are some recent quotes from research analysts about Prospect Capital Corporation 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. " (9/1/2017)
• 2. National Securities analysts commented, "• PSEC’s quarterly dividend was cut from $0.25/share to $0.18/share for the quarter ending 12/31/17. We had modeled the dividend to be reduced to $0.17/share in the quarter. We expect another cut to $0.16/share in fiscal 3Q19. Non-accruals certainly weighed on earnings for the quarter, increasing to $286.4 million at amortized cost of 4.8% of the portfolio from $209.5 million or 3.3% of the portfolio Q/Q. True to form, PSEC realized losses of $97.1 million during the quarter largely pertaining to the disposition of four previous non-accruals although as of 3/31/17 these non-accruals had unrealized depreciation of $68.3 million combined.
  • Somewhat miraculously, CLO equity cash yields increased Q/Q and GAAP yields were flat. While we appreciate the optionality that a CLO provides, specifically pertaining to refinances and resets during times of tightening credit spreads, many collateral managers have also completed substantial refinances and resets and still had yields decrease. We have always remained skeptical of Prospect’s structured credit accounting and are quite frankly amazed that GAAP yields could be stable in a quarter where the overwhelming complacency in loan markets has continued to hinder the reinvestment opportunities and thus crimping cash flows despite the partial offset of refinances.
  • We are revising our fiscal 2018 NII/share estimate to $0.72 from $0.79 and are rolling out our fiscal 2019 NII/share estimate of $0.73/share. " (8/30/2017)

Prospect Capital Corporation saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 30,627,788 shares, an increase of 2.2% from the August 15th total of 29,975,076 shares. Based on an average daily trading volume, of 5,560,527 shares, the short-interest ratio is currently 5.5 days. Currently, 9.4% of the shares of the stock are sold short.

Some companies that are related to Prospect Capital Corporation include 3i Infrastructure PLC (3IN), FS Investment Corporation (FSIC), Tortoise Energy Infrastructure Corporation (TYG), TPG Specialty Lending (TSLX), Liberty All-Star Equity Fund (USA), Golub Capital BDC (GBDC), New Mountain Finance Corporation (NMFC), Hercules Capital (HTGC), TCP Capital Corp. (TCPC), Solar Capital (SLRC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), Invesco California Value Municipal Income Trust (VCV), PennantPark Investment Corporation (PNNT), BlackRock Capital Investment Corporation (BKCC), PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL) and Fidus Investment Corporation (FDUS).

Prospect Capital Corporation's management team includes the folowing people:

• John F. Barry III, Chairman of the Board, Chief Executive Officer
• M. Grier Eliasek, President, Chief Operating Officer, Director
• Brian H. Oswald, Chief Financial Officer, Chief Compliance Officer, Treasurer, Secretary
• Andrew C. Cooper, Lead Independent Director
• William J. Gremp, Independent Director
• Eugene S. Stark, Independent Director

Prospect Capital Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Muzinich & Co. Inc. (0.00%), Bank of Montreal Can (0.00%), Van ECK Associates Corp (0.00%), LSV Asset Management (0.00%), Advisors Asset Management Inc. (0.00%) and Legal & General Group Plc (0.00%). Company insiders that own Prospect Capital Corporation stock include Brian H Oswald, Eugene S Stark, John F Barry, M Grier Eliasek and William Gremp. View Institutional Ownership Trends for Prospect Capital Corporation.

Prospect Capital Corporation's stock was sold by a variety of institutional investors in the last quarter, including Muzinich & Co. Inc., Mckinley Capital Management LLC Delaware, James Investment Research Inc., Bank of Nova Scotia, PVG Asset Management Corp, First Allied Advisory Services Inc., AHL Partners LLP and LSV Asset Management. View Insider Buying and Selling for Prospect Capital Corporation.

Prospect Capital Corporation's stock was bought by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Van ECK Associates Corp, Bank of Montreal Can, Cipher Capital LP, Legal & General Group Plc, Garner Asset Management Corp, Northern Trust Corp and Advisors Asset Management Inc.. Company insiders that have bought Prospect Capital Corporation stock in the last two years include Brian H Oswald, Eugene S Stark, John F Barry, M Grier Eliasek and William Gremp. View Insider Buying and Selling for Prospect Capital Corporation.

Shares of Prospect Capital Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Prospect Capital Corporation stock can currently be purchased for approximately $6.69.