Prospect Capital Corporation (PSEC)

US — Financial Services Sector

Peers: GLAD HRZN GAIN SCM PFLT ARCC HTGC MAIN

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Key Metrics & Ratings

symbol PSEC
Rev/Share 0.8655
Book/Share 11.17
PB 0.3034
Debt/Equity 0.0
CurrentRatio 0.0
ROIC -3.7999

MktCap 1530161808.0
FreeCF/Share 2.3712
PFCF 1.4777
PE -14.1582
Debt/Assets 0.0
DivYield 0.1859
ROE -0.0223

Rating C-
Score 1
Recommendation Strong Sell
P/E Score 1
DCF Score 1
P/B Score 4
D/E Score 1

Recent Analyst Ratings

Type	Ticker	Analyst Firm	Previous Rating	Current Rating	Previous Price Target	Current Price Target	Date
No ratings available.

News

Prospect Capital Corporation Announces Redemption of its 3.706% Notes due 2026

PSEC
Published: May 19, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect,” “our” or “we”) announced today that it will redeem all outstanding 3.706% Notes due 2026 (the “Notes”) at a price of 100% of the principal amount of the Notes to be redeemed, plus accrued but unpaid interest, to but excluding the Redemption Date (the “Redemption Price”). The redemption date will be June 18, 2025 (the “Redemption Date”).

image for news Prospect Capital Corporation Announces Redemption of its 3.706% Notes due 2026

Prospect Capital Corporation (PSEC) Q3 2025 Earnings Call Transcript

PSEC
Published: May 09, 2025 by: Seeking Alpha
Sentiment: Neutral

Prospect Capital Corporation (NASDAQ:PSEC ) Q3 2025 Earnings Conference Call May 9, 2025 9:00 AM ET Company Participants John Francis Barry - Chairman of the Board & Chief Executive Officer Michael Grier Eliasek - President and Chief Operating Officer Kristin Van Dask - Chief Financial Officer, Treasurer, Secretary, and Chief Compliance Officer Conference Call Participants Finian O'Shea - Wells Fargo Operator Good day and welcome to the Prospect Capital Third Fiscal Quarter Earnings Release and Conference Call. All participants will be in a listen-only mode.

image for news Prospect Capital Corporation (PSEC) Q3 2025 Earnings Call Transcript

Prospect Capital Honored for 2025 Middle-Market Deals of the Year Awards for Druid City Independent Sponsor Investment in Healthcare Industry

PSEC
Published: May 09, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. (“Prospect”), investment adviser to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, announced today that Prospect has received an Honorable Mention in Mergers & Acquisitions' 2025 Middle-Market Deals of the Year Awards for Prospect's role in providing value-added capital to Druid City Infusion ("Druid City").

image for news Prospect Capital Honored for 2025 Middle-Market Deals of the Year Awards for Druid City Independent Sponsor Investment in Healthcare Industry

Prospect Capital Corporation Announces Results of Cash Tender Offer For Any and All of its Outstanding 3.706% Notes due 2026

PSEC
Published: April 18, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, April 18, 2025 (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 April 9, 2025 (the “Offer to Purchase”), which set forth the terms and conditions of the Tender Offer, and the accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery”).

image for news Prospect Capital Corporation Announces Results of Cash Tender Offer For Any and All of its Outstanding 3.706% Notes due 2026

Two BDCs For 60 Cents On The Dollar: 1 To Buy And 1 To Avoid

BIZD, LRFC, MAIN, PSEC, PTMN
Published: April 17, 2025 by: Seeking Alpha
Sentiment: Positive

BDCs have gone through a notable repricing. Some of them are trading now at a deep discount territory. These deep discounts enhance the risk to reward ratios, especially for those that have been unfairly punished.

image for news Two BDCs For 60 Cents On The Dollar: 1 To Buy And 1 To Avoid

Prospect Capital's Credit Ratings Reaffirmed Investment Grade by Egan-Jones Ratings Company

PSEC
Published: April 03, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect", “our”, or “we”) today announced that Egan-Jones Ratings Company ("Egan-Jones") has reaffirmed Prospect's investment grade issuer and institutional notes credit ratings at BBB, and preferred stock credit ratings at BBB-.

image for news Prospect Capital's Credit Ratings Reaffirmed Investment Grade by Egan-Jones Ratings Company

Prospect Capital Repays March 2025 Bond and Achieves Track Record of $4.7 Billion in Cumulative Principal Bond Repayments During More Than 20 Year History

PSEC
Published: March 25, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced the full and timely repayment of our convertible bond due March 2025, marking another milestone in Prospect's long-standing track record of responsible and low debt leverage balance sheet management.

image for news Prospect Capital Repays March 2025 Bond and Achieves Track Record of $4.7 Billion in Cumulative Principal Bond Repayments During More Than 20 Year History

Priority Income Fund Announces Redemption of its 6.000% Series H Term Preferred Stock Due 2026

PSEC
Published: March 10, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that it will redeem all outstanding shares of its 6.000% Series H Term Preferred Stock Due 2026 (CUSIP: 74274W 798; NYSE: PRIF PRH) (the “Series H Preferred Shares”) at a price of $25 per Series H Preferred Share, plus accrued but unpaid dividends per Series H Preferred Share from March 31, 2025, to but excluding, the Redemption Date (the “Redemption Price”). The redemption date will be April 9, 2025 (the “Redemption Date”).

image for news Priority Income Fund Announces Redemption of its 6.000% Series H Term Preferred Stock Due 2026

Prospect Capital: Deteriorating NAV And Vulnerable To Higher Rates (Rating Downgrade)

PSEC
Published: February 12, 2025 by: Seeking Alpha
Sentiment: Neutral

Prospect Capital's portfolio continues to show weakness in a high interest rate environment, leading to a 23% price drop over the last year and a slight dividend reduction. Despite a high dividend yield of 13%, PSEC's total return is negative, and it trades at a significant discount to NAV due to underlying weaknesses. PSEC's earnings have declined, with net investment income at its lowest levels since 2021 and NAV decreasing by 12.1% over the past year.

image for news Prospect Capital: Deteriorating NAV And Vulnerable To Higher Rates (Rating Downgrade)

Prospect Capital Announces Financial Results for Fiscal December 2024 Quarter

PSEC
Published: February 10, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended December 31, 2024.

image for news Prospect Capital Announces Financial Results for Fiscal December 2024 Quarter

About Prospect Capital Corporation (PSEC)

IPO Date 2004-07-27
Website https://www.prospectstreet.com
Industry Asset Management
CEO Mr. John Francis Barry III, J.D.
Employees None

Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions. It also makes real estate investments particularly in multi-family residential real estate asset class. The fund makes secured debt, senior debt, senior and secured term loans, unitranche debt, first-lien and second lien, private debt, private equity, mezzanine debt, and equity investments in private and microcap public businesses. It focuses on both primary origination and secondary loans/portfolios and invests in situations like debt financings for private equity sponsors, acquisitions, dividend recapitalizations, growth financings, bridge loans, cash flow term loans, real estate financings/investments. It also focuses on investing in small-sized and medium-sized private companies rather than large public companies. The fund typically invests across all industry sectors, with a particular expertise in the energy and industrial sectors. It invests in aerospace and defense, chemicals, conglomerate services, consumer services, ecological, electronics, financial services, machinery, manufacturing, media, pharmaceuticals, retail, software, specialty minerals, textiles and leather, transportation, oil and gas production, coal production, materials, industrials, consumer discretionary, information technology, utilities, pipeline, storage, power generation and distribution, renewable and clean energy, oilfield services, healthcare, food and beverage, education, business services, and other select sectors. It prefers to invest in the United States and Canada. The fund seeks to invest between $10 million to $500 million per transaction in companies with EBITDA between $5 million and $150 million, sales value between $25 million and $500 million, and enterprise value between $5 million and $1000 million. It fund also co-invests for larger deals. The fund seeks control acquisitions by providing multiple levels of the capital structure. The fund focuses on sole, agented, club, or syndicated deals.