|Bid||6.42 x 100|
|Ask||6.50 x 500|
|Day's range||6.44 - 6.51|
|52-week range||5.51 - 9.45|
|PE ratio (TTM)||7.77|
|Forward dividend & yield||N/A (N/A)|
|1y target est||5.75|
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 ...
Prospect Capital Corporation (NASDAQ:PSEC) (or “Company”) announced today that it expects to file with the Securities and Exchange Commission its report on Form 10-Q containing its second fiscal quarter results for the three and six months ended December 31, 2017 on Wednesday, February 7, 2018 after the close of the markets. The Company also expects to issue its earnings press release on Wednesday, February 7, 2018 after the close of the markets. The Company will host a conference call on Thursday, February 8, 2018 at 11:00 a.m. Eastern Time. The conference call dial-in number will be 888-338-7333.
Prospect Capital Corporation (NASDAQ:PSEC) (“Prospect”) announced today that Prospect has purchased $70 million of first lien senior secured floating rate notes issued to support the acquisition of Town & Country Holdings, Inc. (“Town & Country”) by affiliates of H.I.G. Capital, LLC (“H.I.G.”). Founded in 1954 and headquartered in New York, Town & Country is a third-generation family-operated business. Town & Country designs, sources, manufactures, and markets table linens, kitchen textiles, rugs, shower curtains, travel pillows, and other innovative products.
Prospect Capital Corporation (NASDAQ:PSEC) (“Prospect”) announced today that Prospect has purchased $25 million of first lien senior secured floating rate notes issued to support the recapitalization of Luminex Home Décor & Fragrance Company, LLC (“Luminex”). Luminex is a portfolio company of affiliates of Centre Lane Partners, LLC (“Centre Lane”) and The Carlyle Group (“Carlyle”). Headquartered in Cincinnati, Ohio, Luminex is a leading designer, manufacturer, and distributor of branded and private label wax candles, home fragrances, and home decors.
Given Prospect Capital's (PSEC) current valuations, it's preferring to go the debt route in order to raise fresh capital.
Prospect Capital (PSEC) has seen a decline in yields in recent quarters to 9.9% compared to a high of 13% in 2016.
Prospect Capital (PSEC) managed originations of $222 million, which was lower than the prior year's number. Its exits and repayments stood at $258 million.
Prospect Capital (PSEC) has experienced yield compression in recent quarters, largely due to its efforts to reduce risk and focus on quality credit.
Prospect Capital (PSEC) is expected to focus on developing new product lines and maintaining leverage in a bid to garner risk-adjusted returns on investments.
Prospect Capital (PSEC) is analyzed by five Wall Street analysts in November 2017. Of these analysts, one has rated the stock a “sell” and another one has given a “strong sell” rating.
Prospect Capital (PSEC) has a price-to-book ratio of 0.60x on a next-12-month or NTM basis. The average of price-to-book ratio on an NTM basis for the company’s peers is 0.80x.
The components of Prospect Capital's (PSEC) total operating expenses are base management fees, income incentive fees, directors’ fees, audit, compliance, and tax-related fees, allocation costs…