PSEC - Prospect Capital Corporation
| Previous Close | 6.67 |
| Open | 6.68 |
| Bid | 0.00 x 36900 |
| Ask | 0.00 x 1800 |
| Day's Range | 6.64 - 6.70 |
| 52 Week Range | 5.51 - 8.37 |
| Volume | 719,792 |
| Avg. Volume | 1,280,241 |
| Market Cap | 2.434B |
| Beta | 0.48 |
| PE Ratio (TTM) | 10.20 |
| EPS (TTM) | 0.66 |
| Earnings Date | Aug 27, 2018 - Aug 31, 2018 |
| Forward Dividend & Yield | 0.72 (10.73%) |
| Ex-Dividend Date | 2018-07-30 |
| 1y Target Est | 6.00 |
- Business Wire•18 days ago
A.M. Best Affirms Credit Ratings of American Federated Insurance Company
A.M. Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of American Federated Insurance Company (AFIC) (Flowood, MS). The ratings reflect AFIC’s balance sheet strength, which A.M. Best categorizes as weak, as well as its strong operating performance, limited business profile and marginal enterprise risk management. AFIC is an indirect, wholly owned subsidiary of First Tower Finance Company LLC (First Tower Finance), a multi-line specialty finance company.
- Market Realist•19 days ago
What Analysts Have to Say about Prospect Capital
What Could Impact Prospect Capital in Fiscal Q4 2018? Prospect Capital (PSEC) has had constant ratings for the past few months. In June, Prospect Capital’s competitor (XLF) Apollo Investment (AINV) is being covered by 12 analysts.
- Market Realist•19 days ago
A Look at Prospect Capital’s Discounted Valuations
The PE ratio for Prospect Capital (PSEC) is 8.97x on an NTM (next-12-month) basis, which implies its discounted valuation since the peer average is 9.61x. Prospect’s competitors Ares Capital (ARCC), Apollo Investment (AINV), and FS Investment (FSIC) have PE ratios of 10.16x, 8.69x, and 9.99x, respectively, on an NTM basis.
- Market Realist•19 days ago
What Could Impact Prospect Capital’s Originations in Trade Wars?
In its June meeting, the Federal Reserve increased interest rates by 0.25%, which was widely expected. It also hinted that there might be two more rate hikes in 2018, for a total of four hikes in the year. Earlier, three rate hikes were expected in 2018. Other big news was the imposition of tariffs by the Trump administration on Chinese imports.
- Market Realist•20 days ago
What’s to Expect from Prospect Capital in Fiscal Q4 2018
In the third fiscal quarter of 2018, Prospect Capital (PSEC) had NII (net investment income) of $70.4 million, which implies a fall YoY (year-over-year) and sequentially. Its net investment income per share also declined sequentially and YoY. The sequential decline was mainly due to an increase in administrative overhead expenses.
- ACCESSWIRE•28 days ago
Free Pre-Market Technical Recap on Prospect Capital and Three Additional Asset Management Stocks
Today, WallStEquities.com scans Noah Holdings Ltd (NYSE: NOAH), Och-Ziff Capital Management Group LLC (NYSE: OZM), Prospect Capital Corp. (NASDAQ: PSEC), and SEI Investments Co. (NASDAQ: SEIC). Demand in the Asset Management space is driven by demographic and market trends, such as the growing population of retirees and the accumulation of wealth and investable assets, as well as returns on investments.
- GlobeNewswire•28 days ago
Prospect Capital Announces Pricing of $70 Million of 5.875% Senior Notes due 2023
Prospect Capital Corporation (PSEC) (“Prospect”, “our”, or “we”) announced today the pricing of $70 million in aggregate principal amount of senior unsecured 5.875% Senior Notes due 2023 (the “Notes”). The Notes will be a further issuance of the 5.875% Senior Notes due 2023 that Prospect issued on March 15, 2013 in the aggregate principal amount of $250,000,000 (the "existing 5.875% Senior Notes”). Upon the issuance of the Notes, the outstanding aggregate principal amount of Prospect’s 5.875% Senior Notes due 2023 will be $320 million.
- GlobeNewswire•29 days ago
Prospect Capital Receives BBB Investment Grade Corporate Rating From Egan-Jones Ratings Company, Representing Prospect's Third Investment Grade Rating
Prospect Capital Corporation (PSEC) (“Prospect”, “our”, or “we”) today announced it has been assigned an investment grade credit rating of BBB from Egan-Jones Ratings Company (“Egan-Jones”). Egan-Jones is a Nationally Recognized Statistical Ratings Organization (NRSRO) and is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP). Egan-Jones is also certified by the European Securities and Markets Authority (ESMA).
- Zacks•last month
Is Prospect Capital (PSEC) Stock Outpacing Its Finance Peers This Year?
Is Prospect Capital Corporation (PSEC) Outperforming Other Finance Stocks This Year?
- GlobeNewswire•last month
Prospect Capital Corporation Announces Results of Cash Tender Offer For Any and All of its Outstanding 5.000% Senior Notes due 2019
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 senior notes listed below. The Tender Offer was made pursuant to an Offer to Purchase dated June 7, 2018 (the “Offer to Purchase”), which set forth the terms and conditions of the Tender Offer. As of the previously announced expiration time of 5:00 p.m., New York City time, on June 13, 2018 (the “Expiration Time”), according to information provided by D.F. King & Co., Inc., the tender and information agent for the Tender Offer, a total of $147,024,000 aggregate principal amount of Notes had been validly tendered and not validly withdrawn in the Tender Offer.
- Zacks•last month
Top Ranked Income Stocks to Buy for June 12th
Top Ranked Income Stocks to Buy for June 12th
- Thomson Reuters StreetEvents•last month
Edited Transcript of PSEC earnings conference call or presentation 10-May-18 3:00pm GMT
Q3 2018 Prospect Capital Corp Earnings Call
- GlobeNewswire•last month
Prospect Capital Corporation Announces Launch of Cash Tender Offer For Any and All of its Outstanding 5.000% Senior Notes due 2019
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 senior notes listed below. The Tender Offer will expire at 5:00 p.m., New York City time, on June 13, 2018 (the “Expiration Time”), unless extended or earlier terminated. The Tender Offer is made pursuant to an Offer to Purchase dated today, which set forth the terms and conditions of the Tender Offer.
- GlobeNewswire•last month
Prospect Capital Purchases $80 Million of First Lien Senior Secured Floating Rate Notes and Revolving Credit Issued by Eze Castle Integration
Prospect Capital Corporation (PSEC) (“Prospect”) announced today that Prospect has purchased $75 million of first lien senior secured floating rate notes and $5 million of revolving credit issued to support the acquisition of Eze Castle Integration, LLC (“ECI”) by affiliates of H.I.G. Capital, LLC (“H.I.G.”). Headquartered in Boston and founded in 1995, ECI is a leading provider of managed services and technology solutions to the alternative investment manager and other end user industry markets. ECI delivers premier solutions that meet the high-end technology requirements of its financial services, legal, and other diversified clients.
- GlobeNewswire•2 months ago
Prospect Capital Corporation Prices Public Offering of $50 Million of 6.25% Unsecured Notes due 2028
Prospect Capital Corporation (PSEC) ("Prospect", “our”, or “we”) announced today that it has priced an underwritten public offering of $50 million in aggregate principal amount of 6.25% unsecured notes due 2028 (the “Notes”). UBS Investment Bank, Morgan Stanley and RBC Capital Markets are acting as joint book-running managers for this offering. Citigroup and Ladenburg Thalmann are acting as joint lead managers for this offering.
- GlobeNewswire•2 months ago
Recent Analysis Shows Northwest Natural Gas, Brooks Automation, Insmed, Host Hotels & Resorts, Prospect Capital, and Inphi Market Influences — Renewed Outlook, Key Drivers of Growth
NEW YORK, May 30, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Northwest ...
- Zacks•2 months ago
Top Ranked Income Stocks to Buy for May 29th
Top Ranked Income Stocks to Buy for May 29th
- ACCESSWIRE•2 months ago
Initiating Free Research Reports on Prospect Capital and Three Other Asset Management Equities
WallStEquities.com shifts focus on the Asset Management industry, which manages the financial assets of corporate, institutional, and individual clients. In this morning's lineup are the following stocks: Moelis & Co. (NYSE: MC), Och-Ziff Capital Management Group LLC (NYSE: OZM), Prospect Capital Corp. (NASDAQ: PSEC), and SEI Investments Co. (NASDAQ: SEIC).
- GlobeNewswire•2 months ago
Prospect Capital Announces Issuance of $103.5 Million of 4.95% Convertible Notes due 2022
The Notes are a further issuance of the 4.95% Convertible Notes due 2022 that Prospect issued on April 11, 2017 in the aggregate principal amount of $225,000,000 (the “existing 4.95% Convertible Notes”). The Notes will be treated as a single series with the existing 4.95% Convertible Notes under the indenture and will have the same terms as the existing 4.95% Convertible Notes.
- Market Realist•2 months ago
What Could Impact Prospect Capital’s Valuations?
Prospect Capital’s (PSEC) PE (price-to-earnings ratio) is 8.32x on a next-12-month basis, which reflects a lower valuation than the peer average of 9.35x.
- Market Realist•2 months ago
What Are Prospect’s Originations and Repayments in Fiscal 3Q18?
For a business development company such as Prospect Capital (PSEC), the total number of originations plays a vital role in determining its investment objectives. Prospect Capital focuses on guarding its capital and makes plans to minimize the risk rather than to chase yields.
- GlobeNewswire•2 months ago
Prospect Capital Announces Pricing of $90.0 Million of 4.95% Convertible Notes due 2022
Prospect Capital Corporation (PSEC) (“Prospect”, “our”, or “we”) announced today the pricing of $90.0 million in aggregate principal amount of senior unsecured 4.95% Convertible Notes Due 2022 (the “Notes”). Prospect has also granted the underwriter of the Notes an option to purchase up to an additional $13.5 million in aggregate principal amount of the Notes to cover over-allotments. The Notes will be a further issuance of the 4.95% Convertible Notes due 2022 that Prospect issued on April 11, 2017 in the aggregate principal amount of $225,000,000 (the "existing 4.95% Convertible Notes”).
- GlobeNewswire•2 months ago
Prospect Capital Announces Public Offering of Convertible Notes due 2022
Prospect Capital Corporation (PSEC) (“Prospect”, “our”, or “we”) today announced that it is offering, subject to market and other conditions, senior unsecured convertible notes due 2022 (the “Notes”) in an underwritten public offering. The Notes will be a further issuance of the 4.95% Convertible Notes due 2022 that Prospect issued on April 11, 2017 in the aggregate principal amount of $225,000,000 (the “existing 4.95% Convertible Notes”). The Notes will be treated as a single series with the existing 4.95% Convertible Notes under the indenture and will have the same terms as the existing 4.95% Convertible Notes.
- Market Realist•2 months ago
What Are Analysts Saying about Prospect Capital?
Five analysts are covering Prospect Capital (PSEC) in May, one of whom is suggesting a “strong sell” on the stock. The stock doesn’t have any “buy” or “strong buy” ratings, but three analysts have given it “hold” ratings, while another has suggested a “sell” on the stock. Prospect Capital’s competitor (XLF) Apollo Investment (AINV) is being tracked by 12 analysts in May, five of whom have recommended “holds” on the stock and three of whom have recommended “strong buys.” However, one analyst has recommended a “strong sell” on the stock, and the remaining three have given it “buy” recommendations.
Market Realist•2 months agoA Look at Prospect Capital’s Total Investments
Prospect Capital (PSEC) witnessed a rise in its total investments in fiscal 3Q18 compared to fiscal 2Q18. It also saw a rise in the number of companies in its portfolio from 122 in fiscal 2Q18 to 134 in fiscal 3Q18.
