Prospect Capital

Prospect Capital Corp. is a business development company, which engages in lending to and investing in private businesses. It also involves in generating current income and long-term capital appreciation through debt and equity investments. The company was founded on April 13, 2004 and is headquartered in New York, NY.

Earnings data Q3 2021

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Prospect Capital posts solid Q3 results amidst credit risk concerns

Prospect Capital demonstrated a strong financial performance in Q3 2024, supported by robust net investment income and NAV growth.
While facing challenges such as increased nonaccruals and moderate leverage, the company's diversified portfolio and shareholder distributions are key strengths.
Opportunities lie in portfolio expansion through originations, leveraging the success in structured credit business, and optimizing credit risk management.

Prospect Capital reports robust Q4 earnings, eyes diversified growth

Prospect Capital Corporation delivered solid financial performance in the June quarter, with steady net investment income and a well-diversified portfolio. While facing moderate leverage and the need to manage structured notes exposure, the company's expertise in private investments and shareholder distributions are key strengths. Opportunities lie in leveraging the portfolio's composition for stable income and exploring growth potential in property investments.

Prospect Capital posts solid Q1 results amidst diversification challenges

Prospect Capital delivered a strong performance in Q1, maintaining a robust financial position.
While facing challenges related to interest rates and portfolio diversification, the company is well-positioned to capitalize on growth opportunities.
Strategic focus on core business and prudent financial management are key strengths driving Prospect Capital's performance.

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NEW YORK, May  12, 2020  (GLOBE NEWSWIRE) --  Prospect Capital Corporation (“Prospect”) (NASDAQ: PSEC) announced today that Prospect’s CEO issued a letter to shareholders. The full text of the letter follows:

Prospect CEO Writes Letter to Shareholders

Prospect Capital (PSEC) delivered earnings and revenue surprises of 35.71% and 16.28%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Prospect Capital (PSEC) Q3 Earnings and Revenues Beat Estimates

Prospect Capital has been named as a Top 25 dividend stock, according the most recent Dividend Channel ''DividendRank'' report.

This Stock Has A 16.74% Yield And Sells For Less Than Book

Prospect Capital: Undervalued Because Of The Pandemic

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Prospect Capital (PSEC) saw a big move last session, as its shares jumped more than 10% on the day, amid huge volumes.

Prospect Capital (PSEC) Jumps: Stock Rises 10.2%

NEW YORK, March  27, 2020  (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the “Company”) today announced the results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding notes listed below. The Tender Offer was made pursuant to an Offer to Purchase dated March 20, 2020 (the “Offer to Purchase”), which set forth the terms and conditions of the Tender Offer.

Prospect Capital Corporation Announces Results of Cash Tender Offer For Any and All of its Outstanding 6.25% Notes due 2024

NEW YORK, March  20, 2020  (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the “Company”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding notes listed below. The Tender Offer will expire at 5:00 p.m., New York City time, on March 26, 2020, or any other date and time to which the Company extends such Tender Offer (such date and time, as it may or may not be extended, the “Expiration Time”). The Tender Offer is made pursuant to an Offer to Purchase dated today, which set forth the terms and conditions of the Tender Offer.

Prospect Capital Corporation Announces Launch of Cash Tender Offer For Any and All of its Outstanding 6.25% Notes due 2024

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Full Assessment Of Prospect Capital's Fiscal Q2 2020 (Includes Updated Positive And Negative Catalysts/Factors)

Prospect Capital Corporation (PSEC) CEO John Barry on Q2 2020 Results - Earnings Call Transcript

Prospect Capital (PSEC) delivered earnings and revenue surprises of 0.00% and 3.90%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Prospect Capital (PSEC) Meets Q2 Earnings Estimates

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NEW YORK, Dec.  23, 2019  (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the “Company”) today announced that it has commenced two separate cash tender offers (each a “Tender Offer” and collectively, the “Tender Offers”) to purchase (i) up to $10,000,000 aggregate principal amount of outstanding 4.75% Senior Convertible Notes due 2020 (the “2020 Notes”), and (ii) up to $25,000,000 aggregate principal amount of outstanding 4.95% Senior Convertible Notes due 2022 (the “2022 Notes” and together with the 2020 Notes, the “Notes”). Each Tender Offer will expire at 12:00 midnight, New York City time, on January 21, 2020 (one minute after 11:59 p.m., New York City time, on January 20, 2020), or any other date and time to which the Company extends the applicable Tender Offer (such date and time, as it may be extended, the “Expiration Date”). The Tender Offers are made pursuant to an Offer to Purchase dated today, which set forth the terms and conditions of the Tender Offers.

Prospect Capital Corporation Announces Launch of Cash Tender Offers For its Outstanding 4.75% Senior Convertible Notes due 2020 and 4.95% Senior Convertible Notes due 2022

NEW YORK, Dec.  18, 2019  (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) (“Prospect”) announced today that Prospect has purchased $70 million of senior secured floating rate second lien notes for the recapitalization of Ahead Data Blue, LLC (“Ahead Data Blue”).

Prospect Capital Purchases $70 Million of Senior Secured Floating Rate Second Lien Notes for Recapitalization and Merger of Ahead Data Blue

NEW YORK, Dec.  17, 2019  (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ:PSEC) (“Prospect”) announced today that Prospect has purchased $31 million of first lien senior secured floating rate notes for the recapitalization of Collections Acquisition Company, Inc. (d/b/a “Payliance”).

Prospect Capital Purchases $31 Million of First Lien Senior Secured Floating Rate Notes for Recapitalization of Payliance

Detailed Analysis Of Prospect Capital's Fiscal Q1 2020 (Includes Current Recommendation And Updated Positive And Negative Catalysts/Factors)

Prospect Capital's (PSEC) CEO John Barry on Q1 2020 Results - Earnings Call Transcript

While fall in expenses support Prospect Capital's (PSEC) Q1 earnings, decline in total investment income and investment portfolio value hurt to some extent.

Prospect Capital (PSEC) Q1 Earnings In Line, Costs Down Y/Y

Prospect Capital (PSEC) delivered earnings and revenue surprises of 0.00% and -0.67%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Prospect Capital (PSEC) Q1 Earnings Meet Estimates

Prospect Capital's Fiscal Q1 2020 Projected NII And NAV (Includes Current Recommendation And Price Target)

NEW YORK, Sept.  24, 2019  (GLOBE NEWSWIRE) -- Prospect Capital Corporation (the “Company”) today announced that it has commenced a cash tender offer (the “Tender Offer”) to purchase up to $40,000,000 aggregate principal amount of its outstanding senior convertible notes listed below. The Tender Offer will expire at 12:00 midnight, New York City time, on October 23, 2019 (one minute after 11:59 p.m., New York City time, on October 22, 2019), or any other date and time to which the Company extends such Tender Offer (such date and time, as it may be extended, the “Expiration Date”). The Tender Offer is made pursuant to an Offer to Purchase dated today, which set forth the terms and conditions of the Tender Offer.

Prospect Capital Corporation Announces Launch of Cash Tender Offer For its Outstanding 4.75% Senior Convertible Notes due 2020

Prospect Capital Corporation (PSEC) CEO John Barry on Q4 2019 Results - Earnings Call Transcript

Decline in revenues and lower investment portfolio value hurt Prospect Capital's (PSEC) fiscal Q4 earnings.

Prospect Capital (PSEC) Q4 Earnings Lag on Lower Revenues

Prospect Capital (PSEC) delivered earnings and revenue surprises of -5.00% and -1.40%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

News for Prospect Capital ETF (PSEC)