PSEC - Prospect Capital Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
5.51
-0.26 (-4.51%)
At close: 4:00PM EST

5.63 +0.12 (2.18%)
After hours: 7:25PM EST

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Previous Close5.77
Open5.60
Bid5.51 x 3100
Ask5.68 x 28000
Day's Range5.40 - 5.68
52 Week Range5.40 - 6.87
Volume10,253,130
Avg. Volume1,786,960
Market Cap2.026B
Beta (5Y Monthly)0.74
PE Ratio (TTM)14.97
EPS (TTM)0.37
Earnings DateMay 05, 2020 - May 10, 2020
Forward Dividend & Yield0.72 (12.48%)
Ex-Dividend DateMar 29, 2020
1y Target Est6.00
  • Thomson Reuters StreetEvents

    Edited Transcript of PSEC earnings conference call or presentation 11-Feb-20 4:00pm GMT

    Q2 2020 Prospect Capital Corp Earnings Call

  • Refuel Agency Moves Corporate Headquarters to Santa Barbara
    PR Newswire

    Refuel Agency Moves Corporate Headquarters to Santa Barbara

    Refuel Agency, the largest provider of Media + Marketing services specializing in and reaching select niche audiences throughout the United States, including Military, Teen, Gen Z, College and Multicultural markets, announced today that it has moved its Corporate Headquarters from New York to Santa Barbara.

  • Prospect Capital (PSEC) Meets Q2 Earnings Estimates
    Zacks

    Prospect Capital (PSEC) Meets Q2 Earnings Estimates

    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?

  • GlobeNewswire

    Prospect Capital Reports December 2019 Quarterly Results and Declares Additional Monthly Distributions

    NEW YORK, Feb. 10, 2020 -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our second fiscal quarter ended.

  • GlobeNewswire

    Prospect Capital Schedules Second Quarter Earnings Release and Conference Call

    Prospect Capital Corporation (PSEC) (the “Company”) today announced it expects to file with the Securities and Exchange Commission its report on Form 10-Q containing results for the fiscal second quarter ended December 31, 2019 on Monday, February 10, 2020 after the close of the markets. The Company also expects to issue its earnings press release on Monday, February 10, 2020 after the close of the markets. The Company will host a conference call on Tuesday, February 11, 2020 at 11:00 a.m. Eastern Time.

  • Analysts Estimate Prospect Capital (PSEC) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Prospect Capital (PSEC) to Report a Decline in Earnings: What to Look Out for

    Prospect Capital (PSEC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • 10 High-Yield Monthly Dividend Stocks to Buy
    InvestorPlace

    10 High-Yield Monthly Dividend Stocks to Buy

    [Editor's note: "10 High-Yield Monthly Dividend Stocks to Buy" was previously published in November 2019. It has since been updated to include the most relevant information available.]Do you ever wish your dividend stocks paid out monthly rather than quarterly?For income-oriented investors who cover their monthly expenses with dividend income, it would certainly be a convenient option.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSuch stocks to buy actually do exist. In fact, they're more common than many investors may realize. They're also not crimped by catches and restrictions, and their underlying income is driven by very ordinary business models. They look just like their quarterly counterparts.With that as the backdrop, here's a rundown of ten high-yield monthly dividend stocks to buy from a variety of industries and sectors. Some are more familiar names than others, and some are bigger than others. Not all of them have been around for a great length of time either. * 10 Best Stocks to Beat the Market in 2020 In all ten cases, however, there's an attractive monthly payout in store for the foreseeable future. In no particular order… Capitala Finance (CPTA)Source: Shutterstock Dividend Yield: 11.7%Capitala Finance (NASDAQ:CPTA) primarily provides capital to smaller companies, via a combination of loans and equity investments. Its average funding ranges between $10 million and $50 million, offering investors a chance to plug into small-company opportunities that wouldn't otherwise be availableCapitala's strength is its diversity. It owns stakes in companies from the retailing, biotech, industrial, technology and consumer industries just to name a few. Its most recent investment was a piece of a human anatomy app company called Visible Body, which helps medical students and caregivers better understand how the human body physically fits together.More than that, Capitala Finance is yielding a hefty 11.7% right now. Stellus Capital Investment (SCM)Source: Shutterstock Dividend Yield: 9.4%Also add Stellus Capital Investment (NYSE:SCM) to your list of monthly dividend stocks to scoop up if you're looking for regular monthly income.Like Capitala Finance, Stellus is categorized as a business development company. And also like Capitala, Stellus is focused on so-called "middle market" outfits that may be too big or too risky for traditional loans but too small to raise funds by going public.Its portfolio includes food distributor GoodSource Solutions, home-health product provider Compass Health and business software outfit Valued Relationships Inc, just to name a few. * 10 Best Stocks to Beat the Market in 2020 It's arguably a little less risky than Capitala, in that most of its investment are in companies currently yielding a (very) positive EBITDA. The trade-off is a lower dividend yield. AGNC Investment (AGNC)Dividend Yield: 10.7%AGNC Investment (NASDAQ:AGNC) is a real estate investment trust, or REIT, primarily focused on the development of a mortgage portfolio.The bulk of the mortgages it owns are made by government-sponsored outfits like Fannie Mae and Freddie Mac. It's a lower-risk approach toward driving monthly income, though still an effective one.AGNC presently yields 10.7% thanks to the stock's slide over the last year.That pullback was largely rooted in fears that rising interest rates would crimp AGNC Investment's future cash flows, as higher interest rates are presumed to tend to crimp overall lending activity. That's only partly accurate. Higher rates can do mortgage REITs more good than harm if the underlying reason for rising rates is a strong economy. Whitestone REIT (WSR)Dividend Yield: 8.5%REITs, by the way, are pools of money that allow individuals liquid access to real estate investments that wouldn't otherwise be available to most retail investors. And a portfolio of mortgages is hardly the only way to develop a REIT.Case in point: Whitestone REIT (NYSE:WSR).Whitestone owns a portfolio of consumer-oriented real estate, primarily in more affluent neighborhoods, providing space to "ecommerce-resistant" companies like Whole Foods Market, Verizon (wireless phone service) and True Food Kitchen restaurants. * 10 Best Stocks to Beat the Market in 2020 It's a brilliant strategy, as its more than 3o% top-line growth from 2016 to 2018 shows. Whitestone's dividend yield is 8.5%, which isn't the highest among the monthly dividend stocks in focus, though it's a solid return relative to the risk shareholders are assuming. Prospect Capital (PSEC)Source: Shutterstock Dividend Yield: 11%It's not the biggest business development company in the world, but somehow Prospect Capital (NASDAQ:PSEC) is still one of the best known.Its portfolio includes several familiar names like JD Power, Capstone Logistics, ACE Cash Express and video media company Cinedigm, just to name a few.It's diversity that has helped smooth out the BDC's bottom line from time to time when it might otherwise be erratic.Either way, the market and analysts may be underestimating the true potential of Prospect. The company has met or topped earnings estimates in four of its past five quarters. Between that and its trailing dividend yield of 11%, PSEC may be a smart risk to take. Solar Senior Capital (SUNS)Dividend Yield: 8%Don't let the name fool you. Solar Senior Capital (NASDAQ:SUNS) doesn't specialize in providing capital to the solar power industry.It is another business development company, and like Prospect and Capitala, it's highly diversified in terms of industry exposure.There is a noteworthy difference between Solar Senior Capital and its BDC peers, however.The organization focuses primarily on senior secured loans of privately owned middle-market companies, which better positions it to, if nothing else, preserve capital. * 10 Best Stocks to Beat the Market in 2020 The trade-off for safety is yield. Solar Senior is only paying out 8% of the stock's current price as an annualized dividend. And it's been paying it, and adding to it, faithfully since 2011. Gladstone Investment (GAIN)Dividend Yield: 6%Source: Shutterstock Gladstone Investment (NASDAQ:GAIN) is a business development company, but it's unlike most other BDCs (and unlike any other monthly dividend stocks being discussed within this list).Whereas most of these investment companies seek to make loans, Gladstone is ultimately aiming to acquire smaller but mature companies.It's a riskier proposition, as investors have learned the hard way. The company missed its quarterly earnings estimate at the end of 2018 and shareholders have paid the price. GAIN lost about 12.4% of its value last year and missed its Q2 earnings estimate. But it's rebounded 455 this year.And there's just something compelling about the growth potential in ownership rather than merely lending. Cross Timbers Royalty Trust (CRT)Source: Shutterstock Dividend Yield: 11.4%They're a relatively rare breed these days, but oil and gas royalty investments are still around and still dishing out dividend income. Cross Timbers Royalty Trust (NYSE:CRT) is one of the remaining names of the ilk.An investment in Cross Timbers is predominantly an investment in oil and gas producing properties found in Texas, Oklahoma and New Mexico. Yes, the fluctuating price of oil and natural gas can impact the trust's bottom line, although not as much as you might think. * 10 Best Stocks to Beat the Market in 2020 The organization is merely plugged into the production of established and operational wells, and isn't directly taking on the expensive risk of exploration. Global Net Lease (GNL)Dividend Yield: 10.7%Global Net Lease (NYSE:GNL) is another REIT, primarily serving the commercial market.It owns properties in the United States and Europe, and rents to quality tenants like FedEx, Family Dollar and ING Bank, organizations that can not only reliably pay their rent as it comes due, but outfits that tend to stay put once they establish roots.There's a bit of a twist Global Net Lease brings to the table that allows it to juice its payout to its current yield of 10.7%, however. It also acquires much of its rental real estate through an arrangement called a sale-leaseback.In simplest terms, a sale-leaseback lets a property-owning company free up the value of real estate by selling a space it owns to a landlord like Global Net Lease, and then remain in that space as a tenant. It's a win-win scenario, as the renter enjoys a big cash infusion and Global Net Lease has a tenant already lined up. Horizon Technology Finance (HRZN)Dividend Yield: 9.7%Finally, Horizon Technology Finance (NASDAQ:HRZN) has earned a spot on a list of monthly dividend stocks to buy.As the name suggests, Horizon Technology Finance provides capital to young, upcoming technology outfits, though it doesn't cater strictly to the tech sector.It's also heavily involved in the development of life science and biotechnology companies.Its portfolio includes biotech names like AccuVein and Celsion, along with traditional tech plays like cybersecurity company Control Scan and communications technology player Xtera. * 10 Best Stocks to Beat the Market in 2020 Its results are as erratic as what you'd expect from major technology names, but it's worth the wild ride. Horizon's yielding 9.57 at its current price, and it has not had any sustained trouble affording its dividend payment.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 2019 Losers That Will Be 2020 Winners * 7 Safe Dividend Stocks for Investors to Buy Right Now * 5 Artificial Intelligence Stocks to Consider The post 10 High-Yield Monthly Dividend Stocks to Buy appeared first on InvestorPlace.

  • GlobeNewswire

    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

    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”).

  • GlobeNewswire

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

    On October 11, 2019, AHEAD, LLC and Data Blue, LLC announced an agreement to merge their two companies and acquire Sovereign Systems, LLC, forming Ahead Data Blue. Ahead Data Blue is a key partner to Fortune 1000 companies, helping customers solve complex IT challenges by providing strategy and implementation for customized on-premises and cloud infrastructure solutions. Ahead Data Blue is a valued service provider that teams up with key technology vendors, including Dell/EMC, Cisco, and Amazon Web Services.

  • Do Hedge Funds Love Prospect Capital Corporation (PSEC)?
    Insider Monkey

    Do Hedge Funds Love Prospect Capital Corporation (PSEC)?

    A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]

  • GlobeNewswire

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

    Founded in 2009 and headquartered in Columbus, Ohio, Payliance provides a complete suite of solutions for payments processing, payments recovery, and risk management designed to solve payment acceptance challenges and help customers drive competitiveness and profitability. Payliance provides payment processing solutions for Automated Clearing House (ACH), electronic check (eCheck), remotely created check (RCC), debit card, and credit card processing. Payliance is a portfolio company of Serent Capital (“Serent”), a leading lower-middle market private equity firm focused on investing in high growth service and technology businesses.

  • Thomson Reuters StreetEvents

    Edited Transcript of PSEC earnings conference call or presentation 7-Nov-19 4:00pm GMT

    Q1 2020 Prospect Capital Corp Earnings Call

  • Hedge Funds Love Lattice Semiconductor (LSCC) Way More Than These Stocks
    Insider Monkey

    Hedge Funds Love Lattice Semiconductor (LSCC) Way More Than These Stocks

    Is Lattice Semiconductor Corporation (NASDAQ:LSCC) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their […]

  • Main Street (MAIN) Q3 Earnings Lag Estimates, Revenues Rise
    Zacks

    Main Street (MAIN) Q3 Earnings Lag Estimates, Revenues Rise

    Higher expenses affect Main Street's (MAIN) Q3 earnings, while rise in investment income offers support.

  • FS KKR Capital's (FSK) Q3 Earnings Beat on Higher Revenues
    Zacks

    FS KKR Capital's (FSK) Q3 Earnings Beat on Higher Revenues

    Surge in revenues supports FS KKR Capital's (FSK) Q3 earnings. Higher costs act as a headwind.

  • GlobeNewswire

    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

    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 $50,000,000 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 December 7, 2019 (one minute after 11:59 p.m., New York City time, on December 6, 2019), 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”).

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

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

    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 Meet Estimates
    Zacks

    Prospect Capital (PSEC) Q1 Earnings Meet Estimates

    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?

  • GlobeNewswire

    Prospect Capital Reports September 2019 Quarterly Results and Declares Additional Monthly Distributions

    NEW YORK, Nov. 06, 2019 -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended September 30,.

  • GlobeNewswire

    Prospect Capital Schedules First Quarter Earnings Release and Conference Call

    Prospect Capital Corporation (PSEC) (the “Company”) today announced it expects to file with the Securities and Exchange Commission its report on Form 10-Q containing results for the fiscal first quarter ended September 30, 2019 on Wednesday, November 6, 2019 after the close of the markets. The Company also expects to issue its earnings press release on Wednesday, November 6, 2019 after the close of the markets. The Company will host a conference call on Thursday, November 7, 2019 at 11:00 a.m. Eastern Time.

  • Earnings Preview: Prospect Capital (PSEC) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: Prospect Capital (PSEC) Q1 Earnings Expected to Decline

    Prospect Capital (PSEC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Here’s What Hedge Funds Think About Prospect Capital Corporation (PSEC)
    Insider Monkey

    Here’s What Hedge Funds Think About Prospect Capital Corporation (PSEC)

    Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]

  • GlobeNewswire

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

    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”).

  • Moody's

    Prospect Capital Corporation -- Moody's announces completion of a periodic review of ratings of Prospect Capital Corporation

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Prospect Capital Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Thomson Reuters StreetEvents

    Edited Transcript of PSEC earnings conference call or presentation 28-Aug-19 3:00pm GMT

    Q4 2019 Prospect Capital Corp Earnings Call