PSEC icon

Prospect Capital

4.21 USD
-0.02
0.47%
At close Feb 7, 4:00 PM EST
After hours
4.20
-0.01
0.24%
1 day
-0.47%
5 days
-0.71%
1 month
-2.32%
3 months
-19.50%
6 months
-14.08%
Year to date
-3.00%
1 year
-27.54%
5 years
-35.82%
10 years
-51.27%
 

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 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

34% more repeat investments, than reductions

Existing positions increased: 83 | Existing positions reduced: 62

0.85% less ownership

Funds ownership: 10.02% [Q2] → 9.18% (-0.85%) [Q3]

3% less funds holding

Funds holding: 226 [Q2] → 219 (-7) [Q3]

13% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 32

14% less capital invested

Capital invested by funds: $232M [Q2] → $200M (-$31.9M) [Q3]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]

61% less call options, than puts

Call options by funds: $9.79M | Put options by funds: $25M

Research analyst outlook

We haven’t received any recent analyst ratings for PSEC.

Financial journalist opinion

Based on 6 articles about PSEC published over the past 30 days

Neutral
GlobeNewsWire
4 days ago
Prospect Capital Schedules Second Fiscal Quarter Earnings Release and Conference Call
NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (the “Company” or “Prospect”) today announced it expects to file with the Securities and Exchange Commission its report on Form 10-Q containing results for the fiscal quarter ended December 31, 2024 on Monday, February 10, 2025. The Company also expects to issue its earnings press release on Monday, February 10, 2025, after the close of the markets.
Prospect Capital Schedules Second Fiscal Quarter Earnings Release and Conference Call
Neutral
Seeking Alpha
1 week ago
5 BDC Investment Criteria And 3 Picks I'd Recommend For Retirees
As a BDC bull, I've to admit that most BDCs are not good enough for being included in a durable retirement/passive income portfolio. In the article I share 5 specific criteria that we have to comply with to minimize dividend cut risk. I also share 3 concrete BDC picks, which I could easily see being included in the retirement income mix.
5 BDC Investment Criteria And 3 Picks I'd Recommend For Retirees
Neutral
GlobeNewsWire
1 week ago
Prospect Capital Corporation Makes $65 Million Investment in Taos Footwear
NEW YORK, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) has provided a first lien senior secured term loan, a first lien senior secured convertible term loan, and a preferred equity investment to Taos Footwear Holdings, LLC (“Taos Footwear” or "Company"), aggregating $65 million, in collaboration with Taos Footwear's founder and leadership team.
Prospect Capital Corporation Makes $65 Million Investment in Taos Footwear
Negative
Seeking Alpha
1 week ago
Prospect Capital: 8.9% On Bonds With Heavy Insider Buys
Prospect Capital's common shares remain stagnant post-dividend cut, while preferred shares have tumbled. S&P downgraded PSEC's credit rating to junk due to portfolio turbulence and liquidity pressures, impacting its ability to raise equity funding. Insider buying in PSEC has been extremely strong.
Prospect Capital: 8.9% On Bonds With Heavy Insider Buys
Positive
24/7 Wall Street
2 weeks ago
Investors Can Grab Incredible Passive Income From 5 Stocks Trading at $5 or Less
While most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.
Investors Can Grab Incredible Passive Income From 5 Stocks Trading at $5 or Less
Positive
Seeking Alpha
3 weeks ago
Why BDCs Will Likely Outperform In 2025
The BDC sector had a lackluster H2 of 2024 after being on a strong run from 2022 to mid 2024. However, recently there has been some great news for BDCs to start 2025. We share our approach to BDCs right now.
Why BDCs Will Likely Outperform In 2025
Positive
24/7 Wall Street
1 month ago
Want Over $1,000 Every Month in Passive Income: Invest $10,000 Into These Dividend Stocks
Passive income is characterized by its ability to generate revenue without requiring the earner's continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence.
Want Over $1,000 Every Month in Passive Income: Invest $10,000 Into These Dividend Stocks
Neutral
PRNewsWire
1 month ago
NewStar Exchange Acquires Newly Constructed Built-to-Rent ("BTR") Community in Charlotte, North Carolina and Launches New 1031 Delaware Statutory Trust Offering
ATLANTA , Dec. 19, 2024 /PRNewswire/ -- NEWSTAR Exchange, a subsidiary of NEWSTAR, announced today that it has acquired Hadley Crossing by Stella Homes, a single-family rental subdivision located in Charlotte, North Carolina, and launched a new Delaware Statutory Trust offering for accredited investors seeking to complete like-kind exchanges under IRC Section 1031. The property was developed by NEWSTAR and features 44, 4-bedroom detached homes with two-car attached garages.
NewStar Exchange Acquires Newly Constructed Built-to-Rent ("BTR") Community in Charlotte, North Carolina and Launches New 1031 Delaware Statutory Trust Offering
Positive
24/7 Wall Street
1 month ago
4 Ultra-High-Yield Stocks Will Pay a Landslide of Monthly Dividends
Investors are drawn to dividend stocks, particularly the ultra-high-yield variety.
4 Ultra-High-Yield Stocks Will Pay a Landslide of Monthly Dividends
Positive
Seeking Alpha
1 month ago
Prospect Capital: Still Steering Clear For Now (Rating Upgrade)
Prospect Capital's declining NAV and high concentration in a few large investments, like National Property REIT Corp., pose significant risks to stock performance. The shift towards higher-quality debt assets, especially first lien senior secured debt, is a positive development that could reduce portfolio risk over time. The recent dividend cut aligns payouts with net investment income, improving dividend sustainability despite a high percentage of payment-in-kind income.
Prospect Capital: Still Steering Clear For Now (Rating Upgrade)
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