|Bid||0.00 x 2200|
|Ask||0.00 x 4000|
|Day's range||6.84 - 6.90|
|52-week range||5.51 - 8.37|
|PE ratio (TTM)||10.50|
|Earnings date||27 Aug 2018 - 31 Aug 2018|
|Forward dividend & yield||0.72 (10.73%)|
|1y target est||6.00|
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.
OLDWICK, N.J.--(BUSINESSWIRE)-- 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, ...
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.
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.
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.
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.
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.
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.
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.
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.
On May 9, Prospect Capital (PSEC) published its fiscal 3Q18 earnings for the period that ended on March 31. Its total investment income amounted to $162.8 million in fiscal 3Q18 compared to $171 million in fiscal 3Q17. This fall was mainly the result of a fall in its interest income as well as a fall in its structured credit investment returns.
Prospect Capital Corporation (PSEC) released its earnings report for fiscal 3Q18 on May 9. The results were for the quarter that ended on March 31. The company reported net investment income or NII of $0.19 per share, while Wall Street analysts were expecting it to report $0.18. The quarter’s NII represents a decline sequentially as well as on a year-over-year or YoY basis.
On a per-share basis, the New York-based company said it had net income of 14 cents. Earnings, adjusted for investment costs, were 19 cents per share. The business development company posted revenue of ...
No changes have been seen in analysts’ ratings on Prospect Capital (PSEC) for the past few months. Five analysts are tracking PSEC in February 2018, of which one has given it a “strong sell” rating and another has suggested a “sell.” Three analysts have recommended “hold” positions on the stock. Solar Capital (SLRC) is being covered by eight analysts in February 2018, of which two are suggesting “strong buys” on the stock, one has suggested a “hold,” and five have recommended “buys” on the stock.
On a per-share basis, the New York-based company said it had profit of 34 cents. Earnings, adjusted for investment gains, were 20 cents per share. The business development company posted revenue of $162.4 ...