Prospect Capital Corporation Company Profile (NASDAQ:PSEC)

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

Prospect Capital Corporation declared a monthly dividend on Tuesday, August 29th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.06 per share on Wednesday, November 22nd. This represents a $0.72 annualized dividend and a dividend yield of 11.32%. The ex-dividend date of this dividend is Monday, October 30th. View Prospect Capital Corporation's Dividend History.

Prospect Capital Corporation (NASDAQ:PSEC) posted 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 had revenue of $166.70 million for the quarter, compared to the consensus estimate of $177.21 million. Prospect Capital Corporation had a net margin of 36.08% and a return on equity of 8.98%. The firm's revenue for the quarter was down 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 earnings per share. 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 equities research analysts have issued 12-month price targets for Prospect Capital Corporation's stock. Their predictions range from $5.00 to $8.50. On average, they expect Prospect Capital Corporation's share price to reach $6.83 in the next twelve months. View Analyst Ratings for Prospect Capital Corporation.

Here are some recent quotes from research analysts about Prospect Capital Corporation stock:

• 1. National Securities analysts commented, "• We have long been critical of PSEC’s accounting, specifically pertaining to structured credit. The company has two different CLO equity investments identical to Eagle Point Credit (NYSE:ECC – BUY - $21.38) and one shared with TICC Capital Corp. (NASD:TICC – SELL - $6.73) that were held by both companies from 2Q16 and through at least 1Q17. What we found is that the markets, on average, are 25.2 points higher at PSEC relative to ECC and TICC.
  • As of 6/30/16, First Tower Finance Company had a subordinated term loan with 10% cash and 12% PIK which was reduced to 10% cash and 7% PIK as of 6/30/17. The 42% Y/Y PIK rate decline amazingly lead to fair value remaining at cost on the subordinated term loan and the Class A units being marked down modestly. In total, the unrealized depreciation only increased by 1.6%!
  • Probes Reporter confirmed through FOIA requests the SEC inquiries and investigate actions that Prospect denied during the same time periods. PSEC claimed the SEC probes ended in December 2015 despite Probes Reporter receiving confirmation from the SEC on 1/12/16 that the company was involved with “SEC investigative activity”. Additionally, on 2/10/16 PSEC management denied any SEC investigations or inquiries and yet after Probes Reporter filed an appeal to confirm previous responses they received a letter dated 2/25/16 confirming SEC enforcement proceedings which was, to our knowledge, reconfirmed again upon another appeal dated 3/20/17 by Probes Reporter. This is egregious that it was completely undisclosed by Prospect, in our opinion, and we do not believe shareholders should continue to hold shares at any amount of above $5.
  • We are accordingly lowering our price target to $5 from $6 due to the fact that we have absolutely no trust in the accounting at Prospect." (10/12/2017)
• 2. 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)

Prospect Capital Corporation saw a increase in short interest in the month of September. As of September 29th, there was short interest totalling 31,219,378 shares, an increase of 6.9% from the September 15th total of 29,216,807 shares. Based on an average trading volume of 2,189,768 shares, the short-interest ratio is currently 14.3 days. Approximately 9.7% 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), Apollo Investment Corporation (AINV), 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), Invesco California Value Municipal Income Trust (VCV), Triangle Capital Corporation (TCAP), PennantPark Investment Corporation (PNNT), BlackRock Capital Investment Corporation (BKCC), PennantPark Floating Rate Capital (PFLT) and Foresight Solar Fund Ltd (FSFL).

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 many different of institutional and retail investors. Top institutional shareholders include Eqis Capital Management Inc. (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 purchased by a variety of institutional investors in the last quarter, including Eqis Capital 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 $6.36.