Prospect CapitalPSEC
PSEC
About: Prospect Capital Corp is a closed-end investment company based in the United States. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The company invests primarily in senior and subordinated debt and equity of private companies for acquisitions, divestitures, growth, development, recapitalizations, and other purposes. It makes investments, including lending in private equity, sponsored transactions, directly to companies, investments in structured credit, real estate, and syndicated debt.
Employees: 8
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
34% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 62
0.84% less ownership
Funds ownership: 10.0% [Q2] → 9.16% (-0.84%) [Q3]
3% less funds holding
Funds holding: 226 [Q2] → 219 (-7) [Q3]
14% less capital invested
Capital invested by funds: $231M [Q2] → $199M (-$32.6M) [Q3]
20% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 35
50% less funds holding in top 10
Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]
72% less call options, than puts
Call options by funds: $5.24M | Put options by funds: $18.9M
Research analyst outlook
We haven’t received any recent analyst ratings for PSEC.
Financial journalist opinion
Based on 12 articles about PSEC published over the past 30 days
Positive
24/7 Wall Street
2 days ago
Want Over $1,000 Every Month in Passive Income: Invest $10,000 Into These Dividend Stocks
Passive income is characterized by its ability to generate revenue without requiring the earner's continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence.
Neutral
PRNewsWire
3 days ago
NewStar Exchange Acquires Newly Constructed Built-to-Rent ("BTR") Community in Charlotte, North Carolina and Launches New 1031 Delaware Statutory Trust Offering
ATLANTA , Dec. 19, 2024 /PRNewswire/ -- NEWSTAR Exchange, a subsidiary of NEWSTAR, announced today that it has acquired Hadley Crossing by Stella Homes, a single-family rental subdivision located in Charlotte, North Carolina, and launched a new Delaware Statutory Trust offering for accredited investors seeking to complete like-kind exchanges under IRC Section 1031. The property was developed by NEWSTAR and features 44, 4-bedroom detached homes with two-car attached garages.
Positive
24/7 Wall Street
6 days ago
4 Ultra-High-Yield Stocks Will Pay a Landslide of Monthly Dividends
Investors are drawn to dividend stocks, particularly the ultra-high-yield variety.
Positive
Seeking Alpha
1 week ago
Prospect Capital: Still Steering Clear For Now (Rating Upgrade)
Prospect Capital's declining NAV and high concentration in a few large investments, like National Property REIT Corp., pose significant risks to stock performance. The shift towards higher-quality debt assets, especially first lien senior secured debt, is a positive development that could reduce portfolio risk over time. The recent dividend cut aligns payouts with net investment income, improving dividend sustainability despite a high percentage of payment-in-kind income.
Neutral
GlobeNewsWire
1 week ago
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
Positive
MarketBeat
1 week ago
Bargains Galore? 3 Stocks With Insider Buying in the Millions
It's widely believed that insiders know how well a company is operating. Therefore, when insiders are actively buying their stock, it is assumed they must know something that's motivating them to buy shares.
Neutral
GlobeNewsWire
1 week ago
Prospect Capital Corporation Hosting Upcoming Webinar: “Preferred Stock as a Low Volatility, Downside Protected, and Income Generating Asset Class”
NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) is pleased to host an upcoming webinar for financial professionals titled “Preferred Stock as a Low Volatility, Downside Protected, and Income Generating Asset Class”. The webinar will provide attendees an overview of the preferred stock asset class and what makes such asset class different than other fixed income investments. Please join us for the presentation on December 12, 2024, at 2:00pm ET . Registration is available here. This webinar is accepted for 1 CFP® / IWI / CFA CE Credit.
Positive
24/7 Wall Street
3 weeks ago
5 Stocks Trading Near $5 That Pay Massive Double-Digit Ultra-High-Yield Dividends
Key Points Low-priced stocks allow investors to buy more shares.
Neutral
Seeking Alpha
3 weeks ago
BDC Weekly Review: Key Q3 Earnings Trends
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs were flat this week in aggregate, outperforming other income sectors, with PSEC and TPVG bookending month-to-date returns. Q3 earnings reveal a slight decline in net investment income due to rate cuts, tight market spreads, and refinancing into higher coupon debt.
Neutral
GlobeNewsWire
3 weeks ago
National Property REIT Corp. Exits Arlington Park Investment with 2.4 Times Cash on Cash Return
NEW YORK, Nov. 25, 2024 (GLOBE NEWSWIRE) -- National Property REIT Corp. (“NPRC”) announced today it recently sold its Arlington Park (“Arlington”) multifamily residential property in Marietta, Georgia, for $20.0 million, achieving a 2.4 times cash on cash return on the investment.
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