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NASDAQ:PSEC

Prospect Capital (PSEC) Stock Price, News & Analysis

Prospect Capital logo
$4.19 -0.05 (-1.18%)
(As of 12/20/2024 05:51 PM ET)

About Prospect Capital Stock (NASDAQ:PSEC)

Key Stats

Today's Range
$4.12
$4.26
50-Day Range
$4.24
$5.34
52-Week Range
$4.12
$6.30
Volume
11.56 million shs
Average Volume
2.47 million shs
Market Capitalization
$1.83 billion
P/E Ratio
N/A
Dividend Yield
12.89%
Price Target
$4.50
Consensus Rating
Sell

Company Overview

Prospect Capital Corporation is a prominent investment company that provides financing solutions to middle-market companies. With a focus on private debt and equity investments, Prospect Capital aims to generate attractive risk-adjusted returns for its shareholders. Prospect Capital Corporation's mission is to deliver consistent, high-quality returns to its investors while preserving capital. The company is headquartered in New York City and has a strong presence across the United States. Prospect Capital supports its portfolio companies in achieving their strategic objectives by providing capital and operational expertise.

Prospect Capital is a business development company offering a diverse range of financial products and services. These include senior debt, subordinated debt, and minority equity investments. The company's target market primarily consists of middle-market companies across various industries.

Under the leadership of its Chairman and Chief Executive Officer, John Francis Barry, Prospect Capital maintains a highly experienced and accomplished management team. Each member brings a wealth of expertise and industry knowledge to the table.

John Francis Barry has been crucial in steering the company toward success. With a comprehensive understanding of the investment landscape, he has guided Prospect Capital to become a prominent player in the middle-market financing arena.

Michael Grier Eliasek serves as the President and Chief Operating Officer of Prospect Capital. His extensive investment banking and private equity background have contributed significantly to the company's growth and success.

Prospect Capital has demonstrated strong financial performance in recent years. The company has consistently generated revenue and earnings, showcasing its ability to identify lucrative investment opportunities. Its profit margins reflect the efficient management of its investment portfolio.

Regarding debt levels, Prospect Capital maintains a healthy balance sheet. The company prudently manages its debt-to-equity ratio to minimize risk and ensure financial stability. Recent changes in ownership indicate the ongoing interest of investors in the company's potential.

Prospect Capital's valuation metrics, such as the price-to-earnings and price-to-book ratios, are competitive within the industry. While various factors can influence valuation, the company's strong performance and market positioning contribute to its favorable valuation compared to its peers.

Investor sentiment plays a significant role in determining the company's valuation. Recent changes in investor sentiment may stem from market dynamics, macroeconomic factors, or specific events impacting the investment landscape.

Prospect Capital has exhibited notable stock performance, with occasional price movements and changes in trading volume. Market conditions, investor sentiment, and company-specific developments can influence these fluctuations. By closely monitoring market trends, investors can gain insights into the potential trajectory of the company's stock price.

Prospect Capital operates in the investment industry, subject to various trends, competitors, and regulatory or political issues. The investment industry is crucial in allocating capital and supporting economic growth. It encompasses many participants, including asset managers, private equity firms, and business development companies like Prospect Capital.

There is a growing demand for financing solutions in the middle-market segment. Many companies in this space require capital for expansion, acquisitions, or refinancing, creating opportunities for investment firms like Prospect Capital to provide customized funding options. Technological advancements and digital transformation have also significantly impacted the investment industry, enhancing operational efficiency and enabling new investment strategies.

Regulatory and political factors can significantly impact the investment industry. Changes in regulations, such as those related to lending practices, taxation, or disclosure requirements, may affect the operating environment for investment companies. Political developments, including changes in government policies or economic conditions, can also influence investor sentiment and market dynamics.

Like any investment company, Prospect Capital faces certain risks and challenges. Changes in consumer preferences or market conditions may impact the performance of its portfolio companies, affecting the value of its investments. The company closely monitors market trends and employs rigorous due diligence to mitigate these risks.

Regulatory changes are another potential challenge for Prospect Capital. Regulation shifts may impact the investment landscape, affecting the company's ability to execute its investment strategies or impose additional compliance requirements. Prospect Capital maintains a robust risk management framework and compliance practices to adapt to regulatory changes effectively.

Competitive pressures in the investment industry can pose challenges as well. Prospect Capital competes with other firms to identify and secure attractive investment opportunities. The company focuses on building solid relationships with its portfolio companies, leveraging its industry expertise, and offering flexible financing solutions to stay ahead.

Prospect Capital Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
13th Percentile Overall Score

PSEC MarketRank™: 

Prospect Capital scored higher than 13% of companies evaluated by MarketBeat, and ranked 909th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Prospect Capital has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Prospect Capital has received no research coverage in the past 90 days.

  • Read more about Prospect Capital's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Prospect Capital is -16.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Prospect Capital is -16.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Prospect Capital has a P/B Ratio of 0.47. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    5.20% 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 increased by 1.44%, indicating that investor sentiment is decreasing.
  • Dividend Leadership

    Prospect Capital is a leading dividend payer. It pays a dividend yield of 12.68%, 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.

  • Read more about Prospect Capital's dividend.
  • Percentage of Shares Shorted

    5.20% 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 increased by 1.44%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Prospect Capital has a news sentiment score of 0.33. 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 lower news sentiment than the 0.78 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Prospect Capital this week, compared to 3 articles on an average week.
  • Search Interest

    Only 37 people have searched for PSEC on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.
  • MarketBeat Follows

    20 people have added Prospect Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 43% compared to the previous 30 days.
  • 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 $15,121,420.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    27.10% 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 9.06% of the stock of Prospect Capital is held by institutions.

  • Read more about Prospect Capital's insider trading history.
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PSEC Stock News Headlines

Business concept about Insider Trading with phrase on the page. — Photo
Bargains Galore? 3 Stocks With Insider Buying in the Millions (PSEC)
Clarivate, Prospect Capital, and Nine Energy Service insiders bought millions in stock. See what’s driving this insider confidence.
AI breakthrough about to upend industry
Everyone is talking about AI right now. The talk has been endless ever since ChatGPT was released to the market in late 2022. You might think it’s way too late to invest in AI. But here’s the thing.
Prospect’s Private Credit Fund Gets Second Downgrade to Junk
See More Headlines

PSEC Stock Analysis - Frequently Asked Questions

Prospect Capital's stock was trading at $5.99 at the beginning of 2024. Since then, PSEC shares have decreased by 30.1% and is now trading at $4.19.
View the best growth stocks for 2024 here
.

Prospect Capital Co. (NASDAQ:PSEC) announced its quarterly earnings results on Friday, November, 8th. The financial services provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. The financial services provider had revenue of $196.31 million for the quarter. Prospect Capital had a negative net margin of 2.23% and a positive trailing twelve-month return on equity of 12.19%.

Top institutional shareholders of Prospect Capital include Van ECK Associates Corp (2.06%), XML Financial LLC (0.47%), International Assets Investment Management LLC (0.22%) and Point72 Asset Management L.P.. Insiders that own company stock include John F Barry, M Grier Eliasek, Eugene S Stark and Dask Kristin Lea Van.
View institutional ownership trends
.

Shares of PSEC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Prospect Capital investors own include Chembio Diagnostics (CEMI), Rithm Capital (RITM), AT&T (T), Invesco QQQ (QQQ), Two Harbors Investment (TWO), NVIDIA (NVDA) and Calumet Specialty Products Partners (CLMT).

Company Calendar

Last Earnings
11/08/2024
Ex-Dividend for 12/19 Dividend
11/26/2024
Dividend Payable
12/19/2024
Today
12/21/2024
Ex-Dividend for 1/22 Dividend
12/27/2024
Dividend Payable
1/22/2025
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Sector
Finance
Industry
Investors, not elsewhere classified
Sub-Industry
Asset Management & Custody Banks
Current Symbol
NASDAQ:PSEC
CUSIP
74348T10
Employees
2,019
Year Founded
2004

Price Target and Rating

Average Stock Price Target
$4.50
High Stock Price Target
$4.50
Low Stock Price Target
$4.50
Potential Upside/Downside
+7.4%
Consensus Rating
Sell
Rating Score (0-4)
1.00
Research Coverage
1 Analysts

Profitability

Net Income
$262.83 million
Pretax Margin
1.48%

Debt

Sales & Book Value

Annual Sales
$78.62 million
Cash Flow
$1.20 per share
Book Value
$8.88 per share

Miscellaneous

Free Float
317,972,000
Market Cap
$1.83 billion
Optionable
Optionable
Beta
0.97

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This page (NASDAQ:PSEC) was last updated on 12/21/2024 by MarketBeat.com Staff
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