Prospect CapitalPSEC
PSEC
About: Prospect Capital Corp is a closed-end investment company based in the United States. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The company invests primarily in senior and subordinated debt and equity of private companies for acquisitions, divestitures, growth, development, recapitalizations, and other purposes. It makes investments, including lending in private equity, sponsored transactions, directly to companies, investments in structured credit, real estate, and syndicated debt.
Employees: 8
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
78% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 55
24% more capital invested
Capital invested by funds: $192M [Q4 2024] → $238M (+$45.8M) [Q1 2025]
2.87% more ownership
Funds ownership: 10.18% [Q4 2024] → 13.05% (+2.87%) [Q1 2025]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]
6% less funds holding
Funds holding: 235 [Q4 2024] → 221 (-14) [Q1 2025]
28% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 39
75% less call options, than puts
Call options by funds: $2.24M | Put options by funds: $9.12M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$3
9%
downside
Avg. target
$3
9%
downside
High target
$3
9%
downside
1 analyst rating
0 positive
0%
0 neutral
0%
1 negative
100%
Wells Fargo Finian O'Shea | 9%downside $3 | Underweight Maintained | 12 May 2025 |
Financial journalist opinion
Based on 10 articles about PSEC published over the past 30 days
Negative
24/7 Wall Street
1 day ago
Is 12% Too Good to Be True? Not for These Monthly Dividend Payers
In the bond world, double digit yields ordinarily equate to junk bonds with a higher than normal default risk.
Neutral
GlobeNewsWire
1 day ago
Priority Income Fund Announces Redemption of its 6.125% Series I Term Preferred Stock Due 2028
NEW YORK, June 13, 2025 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that it will redeem all outstanding shares of its 6.125% Series I Term Preferred Stock Due 2028 (CUSIP: 74274W780; NYSE: PRIF PRI) (the “Series I Preferred Shares”) at a price of $25 per Series I Preferred Share, plus accrued but unpaid dividends per Series I Preferred Share from March 31, 2025, to but excluding, the Redemption Date (the “Redemption Price”). The redemption date will be July 14, 2025 (the “Redemption Date”).
Neutral
GlobeNewsWire
3 days ago
Priority Income Fund Announces 17.4% Annualized Total Cash Distribution Rate (on Class R Offering Price) with “Bonus” and “Base” Common Shareholder Distributions for June 2025 through August 2025
NEW YORK, June 11, 2025 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that the Fund's Board of Directors has declared monthly cash “base” and “bonus” common shareholder distributions for June 2025, July 2025 and August 2025. The distributions remain consistent with prior declared monthly distributions.
Neutral
GlobeNewsWire
5 days ago
Prospect Capital Announces Special Meeting Update
NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, "Company", “our”, or “we”) today announced that it held its special meeting of stockholders (the “Special Meeting”) on June 9, 2025. The proposals that were considered at the Special Meeting are described in detail in the Company's definitive proxy statement for the Special Meeting as filed with the Securities and Exchange Commission on March 11, 2025 (the “Proxy”). As of March 11, 2025, there were 445,761,031 shares of the Company's common stock outstanding, 27,533,233 shares of the Company's 5.50% Series A1 Preferred Stock outstanding (the “Series A1 Preferred Stock”), 163,000 shares of the Company's 5.50% Series A2 Preferred Stock outstanding (the “Series A2 Preferred Stock”), 5,251,157 shares of the Company's 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock outstanding (the “5.35% Series A Preferred Stock”), 1,228,739 shares of the Company's 5.50% Series M1 Preferred Stock outstanding (the “Series M1 Preferred Stock”), 24,308,542 shares of the Company's 6.50% Series A3 Preferred Stock outstanding (the “Series A3 Preferred Stock”), 2,368,524 shares of the Company's 6.50% Series M3 Preferred Stock outstanding (the “Series M3 Preferred Stock”), 6,986,390 shares of the Company's Floating Rate Series A4 Preferred Stock outstanding (the “Series A4 Preferred Stock”), 2,230,832 shares of the Company's Floating Rate Series M4 Preferred Stock outstanding (the “Series M4 Preferred Stock”), 733,081 shares of the Company's 7.50% Series A5 Preferred Stock outstanding (the “Series A5 Preferred Stock”) and 117,589 shares of the Company's 7.50% Series M5 Preferred Stock outstanding (the “Series M5 Preferred Stock”). Each share of common or preferred stock has one vote. To afford additional time to solicit stockholder votes for the proposal found in the Proxy, the Special Meeting has been adjourned until June 17, 2025, at 3:00 p.m., Eastern Time, at www.virtualshareholdermeeting.com/PSEC2025SM.
Negative
Seeking Alpha
5 days ago
The More It Tanks, The More It Stanks
High-yield stocks that trade at deep discounts to NAV often attract value-oriented income investors. However, most of the time, these investments are value traps. I share two popular stocks like this whose dividends I think are at risk and will likely deliver disappointing total returns to shareholders moving forward.
Negative
Seeking Alpha
5 days ago
Despite The Attractive Discount, I Wouldn't Consider Prospect Capital (Rating Downgrade)
PSEC's fundamentals continue to deteriorate, with persistent NAV erosion and declining net investment income despite a large discount to NAV. Dividend coverage is weakening, and another cut is likely as financials worsen, and lower interest rates loom, increasing risk for income investors. PSEC's inability to issue shares accretively at a discount to NAV limits growth potential, unlike higher-quality BDC peers with consistent NAV growth.
Neutral
24/7 Wall Street
5 days ago
Stocks and ETFs $5 and Lower With Massive Monthly Ultra-High-Yield Dividends
Investors love dividend stocks, especially the ultra-high-yield variety, because they offer a significant income stream and have massive total return potential.
Positive
Seeking Alpha
1 week ago
Prospect Capital: Out-Of-Touch Valuation
Prospect Capital's dividend cut has improved payout safety, aligning distributions with lower net investment income and enhancing the margin of safety for passive income investors. The portfolio shift toward first-lien debt has stabilized credit quality, with non-accruals remaining low at 0.6%, despite a decline in overall income. High insider ownership (29%) and a 55% discount to NAV suggest the stock is undervalued, offering a compelling risk/reward for patient investors.
Neutral
GlobeNewsWire
1 week ago
Private Debt Investor Features Grier Eliasek in June Edition of Middle Market Direct Lending Report
NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. (“Prospect”), investment adviser to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, announced today that Prospect Capital Corporation's President and Chief Operating Officer, Grier Eliasek, is featured in the June 2025 Private Debt Investor (“PDI”) Middle Market Direct Lending Report. In the Q&A-format feature, Mr. Eliasek highlights the attractive opportunities in the lower and core middle-market, where lenders have the potential to secure favorable deal terms and pursue higher risk-adjusted returns.
Neutral
GlobeNewsWire
3 weeks ago
Prospect Capital Corporation Announces Redemption of its 3.706% Notes due 2026
NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect,” “our” or “we”) announced today that it will redeem all outstanding 3.706% Notes due 2026 (the “Notes”) at a price of 100% of the principal amount of the Notes to be redeemed, plus accrued but unpaid interest, to but excluding the Redemption Date (the “Redemption Price”). The redemption date will be June 18, 2025 (the “Redemption Date”).
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