Who bought PSEC stock last quarter?
PSEC stock was acquired by a variety of institutional investors in the last quarter, including Janney Montgomery Scott LLC, DNB Asset Management AS, Van ECK Associates Corp, PFG Advisors, Corsicana & Co., International Assets Investment Management LLC, Camelot Portfolios LLC, and Kestra Private Wealth Services LLC.
Should you hold Prospect Capital (PSEC) stock?
The consensus among Wall Street equities research analysts is that investors should "hold" Prospect Capital stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PSEC, but not buy additional shares or sell existing shares.
Why is PSEC so popular?
last 8 quarters, PSEC has posted the greatest gain in NAV of any BDC! 25% increase. sweet. This company has alot of dry powder to make investments when they come available. they've been underleveraged in preparation. They also have vast majority of loans that float so they'll make more money as rates rise.
Is PSEC a buy or sell on Robinhood?
Today PSEC ranks #325 as buy candidate. Get a Free Stock at Robinhood Which way will PSEC go? Request * StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Why is Prospect Capital going down?
Prospect Capital's leverage ratio has, however, decreased over time and it has fallen below its 0.70x-0.80x target range in 2020. This is because management wanted to reduce leverage during COVID-19-related uncertainty. Over the medium term, the leverage ratio will rise again and fall into the stated target range.
Is PSEC a good stock to buy now?
The financial health and growth prospects of PSEC, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of F.
Is Prospect Capital Corp a good investment?
While the stock may trade at a NAV discount or premium, a company's net asset value is a fairly accurate indicator of its worth. Prospect Capital, despite its enticing yield of around 8.6%, has not been a great investment.
How does PSEC make money?
PSEC's portfolio is diversified across a wide variety of industries, including manufacturing, industrials, energy, business services, financial services, food, healthcare, and media, as well as many other sectors.
How safe is PSEC?
Prospect Capital's dividend is the obvious reason why investors would choose to own the stock, so it is critical that the dividend is as safe as possible. As a BDC, Prospect Capital has no choice but to distribute essentially all of its taxable income to shareholders.
Is PSEC stock a buy or sell?
Today PSEC ranks #12751 as sell candidate.
How long has Prospect Capital been around?
Prospect Capital Corporation is among the oldest and largest BDCs. Throughout our 18+ years as a public company, we have provided consistent returns to our shareholders through our disciplined approach to investing in the U.S. middle market.
Who owns the most shares of PSEC?
Largest shareholders include Van Eck Associates Corp, BIZD - VanEck Vectors BDC Income ETF, KBWD - Invesco KBW High Dividend Yield Financial ETF, Legal & General Group Plc, Lsv Asset Management, BlackRock Inc., Morgan Stanley, Two Sigma Advisers, Lp, Deutsche Bank Ag\, and Sumitomo Mitsui Trust Holdings, Inc..
How long has Prospect Capital been in business?
Who We Are. Since 1988, Prospect and its predecessors have focused on private debt and private equity investments. Prospect invests across the United States in diversified portfolios by industry, company, and situation. As of December 31, 2021, Prospect had $7.9 billion of assets under management.
How much is PSEC debt?
Compare PSEC With Other StocksProspect Capital Debt/Equity Ratio Historical DataDateLong Term DebtShareholder's Equity2020-03-31$2.28B$2.93B2019-12-31$2.25B$3.18B2019-09-30$2.33B$3.26B50 more rows
Will PSEC raise dividends?
PROSPECT CAPITAL Dividends FAQ PROSPECT CAPITAL's next dividend payment date is on 2022-09-21, when PROSPECT CAPITAL shareholders who owned PSEC shares before 2022-08-26 will receive a dividend payment of $0.0600 per share. Add PSEC to your watchlist to be reminded of PSEC's next dividend payment.
Who is the CEO of Prospect Capital?
John Francis Barry IIIJohn Francis Barry III is Chairman and Chief Executive Officer of Prospect Capital Management and Prospect Capital Corporation. He is Chairman of Prospect Capital Management's Investment Committee and has been an officer of Prospect Capital Management (and predecessors) since 1990.
Should I buy or sell Prospect Capital stock right now?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Prospect Capital in the last year. There are currently 1 sell rating and 1...
What is Prospect Capital's stock price forecast for 2022?
2 Wall Street analysts have issued 1-year price objectives for Prospect Capital's shares. Their forecasts range from $6.50 to $6.50. On average, th...
How has Prospect Capital's stock price performed in 2022?
Prospect Capital's stock was trading at $8.41 at the start of the year. Since then, PSEC stock has decreased by 10.1% and is now trading at $7.56....
When is Prospect Capital's next earnings date?
Prospect Capital is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022. View our earnings forecast for Pro...
How were Prospect Capital's earnings last quarter?
Prospect Capital Co. (NASDAQ:PSEC) released its quarterly earnings data on Sunday, November, 7th. The financial services provider reported $0.21 EP...
How often does Prospect Capital pay dividends? What is the dividend yield for Prospect Capital?
Prospect Capital declared a monthly dividend on Thursday, May 12th. Shareholders of record on Monday, August 29th will be given a dividend of $0.06...
Is Prospect Capital a good dividend stock?
Prospect Capital(NASDAQ:PSEC) pays an annual dividend of $0.72 per share and currently has a dividend yield of 9.44%. PSEC has a dividend yield hig...
Who are Prospect Capital's key executives?
Prospect Capital's management team includes the following people: Mr. John Francis Barry III , J.D., Chairman & CEO (Age 70) Mr. Michael Grier E...
What is John F. Barry III's approval rating as Prospect Capital's CEO?
23 employees have rated Prospect Capital CEO John F. Barry III on Glassdoor.com . John F. Barry III has an approval rating of 85% among Prospect C...
About Prospect Capital Corporation
Golden Star Signal
Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions.
Why is Prospect Capital's payout ratio below 75% not desirable?
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
What is the dividend of Prospect Capital?
Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Prospect Capital will have a dividend payout ratio of 93.51% in the coming year. This indicates that Prospect Capital may not be able to sustain their current dividend. View Prospect Capital's dividend history.
Is Prospect Capital a sell?
Prospect Capital pays an annual dividend of $0.72 per share and currently has a dividend yield of 8.56%. PSEC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Prospect Capital does not yet have a strong track record of dividend growth.
Why do BDCs trade above net asset value?
Wall Street analysts have given Prospect Capital a "Sell" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Prospect Capital wasn't one of them.
What is leverage in Prospect Capital?
Companies that the market perceives to perform better than others, maybe because of low loan defaults or high earnings stability, tend to trade above net asset value. BDCs that the market perceives to be average can trade around net asset-value, and BDCs that are considered weak usually trade at a discount to net asset value.
Why is net asset value important for Prospect Capital?
Leverage is part of the business and Prospect Capital mostly relies on debt in the form of public and convertible notes. Based on Prospect Capital’s statement of assets and liabilities, its liabilities amounted to $2.2b in December and were practically unchanged last year.
Does the recession hurt Prospect Capital?
Every business development company is required by accounting regulation to report its net asset value every quarter, which is equal to a fund's total assets less its liabilities… The reason why net asset values are so important for large loan factories like Prospect Capital is that they are the primary valuation benchmark to be used if companies make predominantly investments in financial assets and don’t directly invest in factories and equipment. Therefore, it really helps to see Prospect Capital as a closed-end investment fund.
Is Prospect Capital a publicly traded company?
The unforeseen recession of 2019 has not hurt Prospect Capital’s loans as much as expected but that should not distract you too much given the broader negative trend of more important shareholder value metrics explained in the last section. Short term, rising loan defaults and renewed shutdowns are risks. Long term, the biggest risk ...
