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

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended September 30, 2023.

Prospect Capital Announces September 2023 Financial Results and Declares Steady Monthly Dividends through January 2024 of $0.06 Per Common Share

Improvement in total investment income driven by higher interest rates is expected to have supported Prospect Capital's (PSEC) fiscal Q1 earnings.

What's in Store for Prospect Capital (PSEC) in Q1 Earnings?

Ares Capital

Main Street Capital

Its portfolio of floating-rate loans is improving Ares Capital's overall profitability. Prospect Capital isn't in a position to raise its dividend payment anytime soon, but the yield is already really good.

3 BDC Stocks That Are Screaming Buys in November

Prospect Capital offers a monthly dividend distribution yielding over 13% but lacks growth and has seen a 25% decline in stock price YTD. PSEC's net investment income has shown growth, with Q4 net investment income at $112.8 million, and originations have increased to $372.2 million in Q4. PSEC trades at a discount to NAV of 45%, presenting a potential opportunity for investors, but there are risks associated with its real estate exposure.

Prospect Capital: Recent Price Drop Finally Makes This A Buy

NEW YORK, Oct. 30, 2023 (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 its 5,882,351 shares of outstanding 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock (the “Shares”). The Tender Offer will expire at 5:00 p.m., New York City time, on November 29, 2023 unless extended or earlier terminated by the Company (such date and time, the "Expiration Date"). The Tender Offer is made pursuant to an Offer to Purchase dated today, which sets forth the terms and conditions of the Tender Offer.

Prospect Capital Corporation Announces Launch of Cash Tender Offer For its 5.35% Series A Fixed Rate Cumulative Perpetual Preferred Stock

AGNC Investment

Dynex Capital

EPR Properties

Gladstone Commercial

LTC Properties

Realty Income Corp

STAG Industrial

Your bills come monthly. Why not your dividend checks?

The 9 Best Monthly Dividend Stocks to Buy Right Now

Prospect Capital stock is currently trading at a 35% discount to its net asset value. This is as non-performing loans remain low and it sports a 12% dividend yield that's fully covered by net investment income. The discount will likely remain sticky until the monthly dividend previously cut twice in the last decade starts to grow.

Prospect Capital: What's With The 35% Discount To NAV And 12% Dividend Yield?

We take a look at the action in business development companies through the fourth week of September and highlight some of the key themes we are watching. BDCs were down for the week due to a higher-for-longer Fed message but remain up by around 1% for the month. Private lenders are increasingly involved in debt refinancings, encroaching on the territory traditionally dominated by larger banks.

BDC Weekly Review: BDCs Are Taking Over Debt Refinancings

Companhia Energetica de Minas Gerais

Office Properties Income Trust

Invest in companies like PSEC, CIG and OPI that provide a steady stream of income amid market volatility but will not burn a hole in your pocket.

3 Must-Buy Stocks Under $10 With High Dividend Yield

Arlington Asset Investment

Ares Commercial Real Estate

ARMOUR Residential REIT

Blackstone Mortgage Trust

Cherry Hill Mortgage

Chimera Investment

Capital Southwest

Ellington Residential Mortgage REIT

Ellington Financial

FS KKR Capital Corp

Gladstone Investment

Granite Point Mortgage Trust

Invesco Mortgage Capital

MFA Financial

MidCap Financial Investment Corp

AG Mortgage Investment Trust

New York Mortgage Trust

Blue Owl Capital Corp

Orchid Island Capital

PennantPark Floating Rate Capital

PennyMac Mortgage Investment

Ready Capital Corp

Rithm Capital Corp

Solar Capital

TCP Capital

Two Harbors Investment

Rising interest rates pose challenges for many REITs by impacting debt rollovers and investor alternatives. Higher rates will add around $2 billion to the national debt over the next decade. Even more if they create a recession. Apartment construction is declining, affecting rental unit supply and potentially leading to increased rental rates. Pretty obvious when you think about it.

Big Dividend Yields Going Higher, Dumb Debt, And Snark

Trinity Capital

We take a look at the action in business development companies through the third week of September and highlight some of the key themes we are watching. BDCs had a strong week with a total return above 2%, and all companies in our coverage finished in the green. BKCC is merging with another BlackRock BDC, which is a common move for underperforming BDCs.

BDC Weekly Review: Underperformers Keep Merging

Whether or not Prospect Capital Corporation NASDAQ: PSEC is a gold nugget or value trap depends on your objective. If you are looking for capital appreciation and a possible price-multiple expansion, there are better choices than Prospect Capital, even with the 11% dividend.

Prospect Capital Corporation: A Gold Nugget or Value Trap?

Banco BBVA Argentina SA

ProShares Bitcoin Strategy ETF

Quadratic Deflation ETF

Eagle Point Credit

Kraneshares China Internet And Covered Call Strategy Etf

Modiv

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

PIMCO Dynamic Income Opportunities Fund

Stellus Capital Investment

Credit Suisse X-Links Silver Shares Covered Call ETN

Yieldmax Tsla Option Income Etf

Credit Suisse X-Links Crude Oil Shares Covered Call ETN

Imagine stocks or funds that pay out their dividends once a month! Unlike waiting for quarterly, semi-annual, or (ugh) annual payouts, your angst waiting for money is reduced by 300% or more! These August U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net gains include: 1. Stocks by yield (85); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by yield >8.74% (80). Items: 1. Top MoPay stock gains; 2. Overall best MoPay gainers; 3. Funds vs.Equities; 4. Fund risks/rewards. All per prices as of 8/15/23.

83 Monthly Paying Dividend Stocks And 80 Funds For September

Prospect Capital is currently trading at a 35% discount to its net asset value, making it an attractive option for passive income investors. The company has a history of cutting dividends and a poor net asset value growth record, but its dividend is currently covered by net investment income. Passive income investors should monitor the company's credit quality and non-accrual ratio, but the current discount to net asset value provides a margin of safety.

Prospect Capital Corp: I Am Now Aggressively Acquiring This 12% Yielding BDC (Upgrade)

Alexander's

B&G Foods

Cracker Barrel Old Country Store

Goldman Sachs BDC

National Storage Affiliates Trust

Vanilla investors buy stocks that Wall Street approves of. Why?

An 8.7%-Yielding Mini-Portfolio The Pros Just Hate

Prospect Capital (PSEC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -5.23% in 4 Weeks, Here's Why You Should You Buy the Dip in Prospect Capital (PSEC)

PSEC's fiscal Q4 earnings show positive growth in net investment income and distribution coverage, indicating a potential rebound. PSEC has a long history of successful capital deployment and focuses on secured lending and senior loans. PSEC's real estate investments and private REIT strategy could be lucrative in the future, especially with rising rents and potential rate declines.

Prospect Capital May Have Bottomed Yielding 11.86%

Prospect Capital Corporation (NASDAQ:PSEC ) Q4 2023 Results Conference Call August 30, 2023 11:00 AM ET Company Participants John Barry - Chairman and CEO Grier Eliasek - President and COO Kristin Van Dask - CFO Conference Call Participants Finian O'Shea - Wells Fargo Robert Dodd - Raymond James Operator Hello and welcome to Prospect Capital's Fourth Quarter Fiscal Year 2023 Earnings Release and Conference Call. All participants will be in listen-only mode.

Prospect Capital Corporation (PSEC) Q4 2023 Earnings Call Transcript

Prospect Capital Corporation reported results yesterday but has delayed its 10-K filing likely for the reason discussed below. Prospect Capital is currently trading at the lowest multiple of NAV (35% discount) due to being a lower-quality business development company with upcoming losses from additional credit issues. Also, Prospect Capital has the highest expense ratio, which is one of the many reasons that it is one of a handful of BDCs with no dividend increases.

Prospect Capital: Still Arranging The Deck Chairs

Prospect Capital (PSEC) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.21 per share a year ago.

Prospect Capital (PSEC) Beats Q4 Earnings and Revenue Estimates

NEW YORK, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter and year ended June 30, 2023.

Prospect Capital Announces June 2023 Financial Results and Declares Stable Monthly Dividends through October 2023 of $0.06 Per Common Share

Ishares Investment Grade Corporate Bond Buywrite Strategy ETF

SL Green Realty

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

Imagine stocks or funds that pay out their dividends once a month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300%, or more! These August U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by-yield (85); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by-yield >8.74% (80). Items: 1. Top MoPay stock gains; 2. Overall best MoPay gainers; 3. Funds vs. Equities; 4. Fund risks/rewards. All per prices as of 8/15/23.

85 Monthly Paying Dividend Stocks And 80 Funds For August

Prospect Capital's net asset value has consistently declined over the past four quarters. The company's risk profile is elevated due to significant exposure to subordinated investments in U.S. middle market companies and concentrated investments in riskier areas. Despite a seemingly sustainable dividend based on Net Investment Income coverage, the lack of dividend increases raises doubts about its long-term viability.

Prospect Capital: The Attractive Dividend Yield Is Not Worth The Risk

Prospect Capital Corporation has grown significantly, boasting a high yield of over 10% and an equity of $5.1 billion as of Q3 2023. PSEC operates in the asset management and custody banks industry, focusing on middle market, emerging growth, and growth capital opportunities, with a significant investment in real estate. Despite turbulence in the real estate market due to increased interest rates, PSEC is well-positioned to deliver strong net investment income (NII) growth and is considered a buy due to its undervalued status.

Prospect Capital: Strong Dividend Income Addition Trading Below NAV

Prospect Capital Corporation, a business development corporation, has seen its value decline by 13.95% in the past year despite declaring $4 billion in dividends from its $7.7 billion in assets. The company's shares are currently trading at a 34.28% discount to its net asset value, making it an attractive prospect for investors, particularly as it continues to grow its total investment income. Compared to other business development corporations, PSEC trades at the lowest net investment income to market cap multiple, has the largest discount to net asset value, and produces the fourth largest.

Prospect Capital Corporation Is Starting To Look Interesting

News for Prospect Capital ETF (PSEC)