NASDAQ:PSEC

Prospect Capital - PSEC Stock Forecast, Price & News

$6.20

+0.09 (+1.47%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $6.12
▼
$6.30
50-Day Range: $6.11
▼
$8.18
52-Week Range: $6.09
▼
$9.06

Volume: 2.14 million shs
Average Volume: 1.68 million shs
Market Capitalization: $2.45 billion

P/E Ratio: 4.28
Dividend Yield: 11.78%
Price Target: $6.50

Prospect Capital MarketRank™ Forecast

Analyst Rating: Hold
1.50 Rating Score
Upside/Downside: 4.8% Upside
$6.50 Price Target
Short Interest: Healthy
2.56% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.98
Based on 8 Articles This Week
Insider Trading: Acquiring Shares
$47,278 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

2.28 out of 5 stars

Finance Sector

621st out of 926 stocks

Investors, Not Elsewhere Classified Industry

9th out of 16 stocks

0.8

Analyst's Opinion

Consensus Rating
Prospect Capital has received a consensus rating of Hold. The company's average rating score is 1.50, and is based on no buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $6.50, Prospect Capital has a forecasted upside of 4.8% from its current price of $6.20.
Amount of Analyst Coverage
Prospect Capital has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.56% of the float of Prospect Capital has been sold short.
Short Interest Ratio / Days to Cover
Prospect Capital has a short interest ratio ("days to cover") of 5.2.
Change versus previous month
Short interest in Prospect Capital has recently decreased by 5.06%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Prospect Capital is a leading dividend payer. It pays a dividend yield of 11.78%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Prospect Capital does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Prospect Capital is 49.66%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Prospect Capital will have a dividend payout ratio of 75.00% next year. This indicates that Prospect Capital will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PSEC.

3.9

News and Social Media Coverage

News Sentiment
Prospect Capital has a news sentiment score of 0.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Prospect Capital this week, compared to 1 article on an average week.
Social Mentions This Week
MarketBeat has tracked 2 reddit mentions for Prospect Capital this week, compared to 1 mention on an average week.
Search Interest
97 people have searched for PSEC on MarketBeat in the last 30 days. This is an increase of 31% compared to the previous 30 days.
MarketBeat Follows
39 people have added Prospect Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 18% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Prospect Capital insiders have bought more of their company's stock than they have sold. Specifically, they have bought $47,278.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
27.44% of the stock of Prospect Capital is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 7.50% of the stock of Prospect Capital is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Prospect Capital are expected to remain at $0.96 per share in the coming year.
Price to Earnings Ratio vs. the Market
The P/E ratio of Prospect Capital is 4.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.91.
Price to Earnings Ratio vs. Sector
The P/E ratio of Prospect Capital is 4.28, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 152.66.
Price to Book Value per Share Ratio
Prospect Capital has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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PSEC Stock News Headlines

September 29, 2022 | americanbankingnews.com

Prospect Capital Co. (NASDAQ:PSEC) Director Eugene S. Stark Purchases 2,000 Shares of Stock

September 27, 2022 | finance.yahoo.com

Down 15.7% in 4 Weeks, Here's Why Prospect Capital (PSEC) Looks Ripe for a Turnaround

September 26, 2022 | nasdaq.com

New 52-Week Low Could Prompt More Insider Buying At PSEC

September 26, 2022 | americanbankingnews.com

Prospect Capital Co. Plans Monthly Dividend of $0.06 (NASDAQ:PSEC)

September 24, 2022 | seekingalpha.com

PSEC Prospect Capital Corporation

September 23, 2022 | finance.yahoo.com

Prospect Capital (PSEC) Loses 14.9% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

September 16, 2022 | theglobeandmail.com

Prospect Capital's Monthly Pay 9.8% Yield Is Attracting Value Investors

September 9, 2022 | seekingalpha.com

Prospect Capital: I'll Love It At $5

August 30, 2022 | seekingalpha.com

Prospect Capital Corporation (PSEC) Q4 2022 Earnings Call Transcript

August 29, 2022 | seekingalpha.com

Prospect Capital Q4 net investment income tops consensus, rises from Q3

August 29, 2022 | finance.yahoo.com

Prospect Capital Announces June 2022 Results: $0.21 per Common Share Basic Net Investment Income and Stable Monthly $0.06 per Common Share Distributions

August 29, 2022 | finance.yahoo.com

Prospect Capital (PSEC) Beats Q4 Earnings and Revenue Estimates

August 23, 2022 | finance.yahoo.com

Prospect Capital (PSEC) to Post Q4 Earnings: What's in Store?

August 22, 2022 | seekingalpha.com

The Best Way To Invest In Prospect Capital

August 17, 2022 | nasdaq.com

Prospect Capital Breaks Below 200-Day Moving Average - Notable for PSEC

August 8, 2022 | seekingalpha.com

Prospect Capital: Deep Value Alert, Dividend Hike Could Come Soon

July 15, 2022 | morningstar.com

Prospect Capital Corp - Stock Price vs Fair Value PSEC

July 11, 2022 | finance.yahoo.com

Prospect Capital Corporation Announces More Than $800 Million in Aggregate Preferred Issuance, Including Over $100 Million Raised in Recent Semi-Monthly Closing

July 6, 2022 | investing.com

PSEC_pa Technical Analysis

June 27, 2022 | finance.yahoo.com

Implied Volatility Surging for Prospect Capital (PSEC) Stock Options

June 26, 2022 | seekingalpha.com

Prospect Capital: A Dividend Cut Could Come Soon

June 14, 2022 | seekingalpha.com

PSEC.PA Prospect Capital Corp - 5.35% PRF PERPETUAL USD 25 - Ser A

June 9, 2022 | finance.yahoo.com

Prospect Capital Corporation Announces Increase in Series A1, M1, and M2 Preferred Stock Offering to $1.5 Billion

May 23, 2022 | finance.yahoo.com

Best Income Stocks to Buy for May 23rd

May 20, 2022 | msn.com

Looking Into Prospect Capital's Recent Short Interest

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30 days | 90 days | 365 days | Advanced Chart

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PSEC Company Calendar

Last Earnings: 8/29/2022
Ex-Dividend for 10/20 Dividend: 9/27/2022
Today: 10/01/2022
Dividend Payable: 10/20/2022
Ex-Dividend for 11/17 Dividend: 10/26/2022
Next Earnings (Estimated): 11/14/2022
Dividend Payable: 11/17/2022
Fiscal Year End: 6/30/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Investors, not elsewhere classified
Sub-Industry: Asset Management & Custody Banks
Sector: Finance
Current Symbol: NASDAQ:PSEC
CUSIP: 74348T10
CIK: 1287032
Web: www.prospectstreet.com
Phone: (212) 448-0702
Fax: 212-448-9652
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: +4.8%
Consensus Rating: Hold
Rating Score (0-4): 1.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.45
Trailing P/E Ratio: 4.28
Forward P/E Ratio: 6.46
P/E Growth: N/A
Net Income: $582.58 million
Net Margins: 80.95%
Pretax Margin: 81.95%
Return on Equity: 8.77%
Return on Assets: 5.02%

Debt

Debt-to-Equity Ratio: 0.66
Current Ratio: 0.43
Quick Ratio: 0.43

Sales & Book Value

Annual Sales: $710.90 million
Price / Sales: 3.44
Cash Flow: $1.15 per share
Price / Cash Flow: 5.41
Book Value: $10.50 per share
Price / Book: 0.59

Miscellaneous

Outstanding Shares: 394,800,000
Free Float: 286,465,000
Market Cap: $2.45 billion
Optionable: Optionable
Beta: 0.87

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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 twelve-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 a possible upside of 4.8% from the stock's current price.
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 beginning of the year. Since then, PSEC stock has decreased by 26.3% and is now trading at $6.20.
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 Monday, November 14th 2022.
View our PSEC earnings forecast.
How were Prospect Capital's earnings last quarter?: Prospect Capital Co. (NASDAQ:PSEC) posted its quarterly earnings results on Monday, August, 29th. The financial services provider reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. The financial services provider earned $184.62 million during the quarter, compared to analyst estimates of $179.74 million. Prospect Capital had a net margin of 80.95% and a trailing twelve-month return on equity of 8.77%. During the same period last year, the business earned $0.17 earnings per share.
How often does Prospect Capital pay dividends? What is the dividend yield for Prospect Capital?: Prospect Capital announced a monthly dividend on Monday, August 29th. Shareholders of record on Thursday, October 27th will be paid a dividend of $0.06 per share on Thursday, November 17th. This represents a $0.72 dividend on an annualized basis and a yield of 11.61%. The ex-dividend date of this dividend is Wednesday, October 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 11.78%. PSEC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 49.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSEC will have a dividend payout ratio of 75.00% next year. This indicates that the company will be able to sustain or increase its 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?: Based on aggregate information from My MarketBeat watchlists, some companies that other Prospect Capital investors own include Chembio Diagnostics (CEMI), Calumet Specialty Products Partners (CLMT), Two Harbors Investment (TWO), BlackRock Capital Investment (BKCC), New Residential Investment (NRZ), Summit Midstream Partners (SMLP), Washington Prime Group (WPG), NovoCure (NVCR), Viper Energy Partners (VNOM) and AT&T (T).
What is Prospect Capital's stock symbol?: Prospect Capital trades on the NASDAQ under the ticker symbol "PSEC."
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 $6.20.
How much money does Prospect Capital make?: Prospect Capital (NASDAQ:PSEC) has a market capitalization of $2.45 billion and generates $710.90 million in revenue each year. The financial services provider earns $582.58 million in net income (profit) each year or $1.45 on an earnings per share basis.
How many employees does Prospect Capital have?: The company employs 2,019 workers across the globe.
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 10/1/2022 by MarketBeat.com Staff

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Prospect Capital - PSEC Stock Forecast, Price & News

Prospect Capital MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows