Prospect Capital (PSEC) Stock Research

Over a week ago

Largest borrow rate increases among liquid names

May 28, 8:45 AM

Prospect Capital sells Valley Electric to MYR Group for $328M

May 27, 4:25 PM

Largest borrow rate increases among liquid names

May 27, 8:45 AM

Prospect Capital reports Q1 NII 16c vs. 19c last year

PSEC

May 8, 10:19 AM

Largest borrow rate increases among liquid names

Feb 26, 8:45 AM

Prospect Capital reports Q4 NII per share 19c vs. 20c last year

PSEC

Feb 10, 11:11 AM

Prospect Capital options imply 9.4% move in share price post-earnings

PSEC

Feb 9, 2:34 PM

Prospect Enhanced Yield Fund announces 10.6% net annualized 3-month total return

PSEC

Feb 9, 7:06 AM

Prospect expands Perpetual Preferred Stock program to iCapital Marketplace

PSEC

Jan 23, 7:07 AM

Prospect Enhanced Yield announces 9.05% annualized total cash distribution rate

PSEC

Jan 14, 7:06 AM

Largest borrow rate increases among liquid names

Jan 5, 8:45 AM

Largest borrow rate increases among liquid names

Nov 13, 8:45 AM

Prospect Capital reports Q1 NII 17c vs. 21c last year

PSEC

Nov 7, 11:06 AM

National Property REIT exits Crown Point property for $151.75M

PSEC

Oct 29, 7:25 AM

Prospect Capital prices $167M institutional unsecured notes offering

PSEC

Oct 28, 7:19 AM

Prospect Capital CEO buys $1.02M in common stock

PSEC

Sep 25, 4:05 PM

Prospect Capital CEO buys $997K in common stock

PSEC

Sep 24, 4:04 PM

Prospect Capital, affiliate complete $18M investment in The Ridge

PSEC

Sep 8, 7:03 AM

Prospect Capital price target lowered by 50c at Wells Fargo, here's why

PSEC

Aug 28, 6:20 AM

Prospect Capital rises after reporting quarterly results

PSEC

Aug 27, 2:41 PM

Prospect Capital options imply 8.3% move in share price post-earnings

PSEC

Aug 26, 1:49 PM

Largest borrow rate increases among liquid names

Aug 25, 8:45 AM

No more stories

Experienced Investment Team: Prospect Capital benefits from a seasoned management team with deep experience navigating the middle-market lending landscape, offering expertise in credit underwriting and portfolio management.

Diverse Investment Portfolio: PSEC maintains a highly diversified portfolio across numerous industries and companies, which helps mitigate concentration risk and stabilize income streams compared to less diversified peers.

Robust Origination Capabilities: The company possesses a well-established origination platform, enabling it to source a broad range of investment opportunities directly from private companies, often bypassing competitive auction processes.

Credit Defaults on Portfolio Investments: PSEC's primary business involves lending to middle-market companies, which inherently carries a risk of borrowers defaulting on their loans, leading to principal losses and reduced income.

Interest Rate Fluctuations Impacting Net Investment Income: Changes in prevailing interest rates can significantly affect PSEC's net investment income, as it impacts both the interest earned on its floating-rate assets and the interest paid on its own borrowings.

Illiquid Nature of Private Debt Investments: A substantial portion of PSEC's portfolio consists of illiquid, privately-held debt and equity investments, making it difficult to sell these assets quickly or at fair value, especially during market downturns.