Prospect Capital Corporation (PSEC) has delivered a 65% price decline over the past decade, with persistent book value erosion and repeated dividend cuts. PSEC is transitioning its portfolio toward lower-risk first-lien loans, now at 71%, but still faces high market skepticism reflected in a 59% NAV discount. Despite a 20% forward dividend yield and 1.26x coverage, PSEC's high PIK income and un...
Prospect Capital (PSEC) trades at a 58% discount to NAV, but this discount reflects deep market scepticism about its reported asset values and quality of assets. PSEC's long-term performance has been poor, with nearly flat annualised returns over a decade and a persistent decline in book value since IPO. The company's NAV is likely overstated, as PSEC is slower than peers to mark down troubled ...
The Undercovered Dozen highlights 12 lesser-followed stocks and ETFs, offering fresh investment ideas and sparking community discussion on Seeking Alpha. This week's edition covers articles published between Nov. 7 and Nov. 13, offering fresh investment ideas. Ratings range from strong buy (ACHR, VICI, PSEC) to hold (JEPQ, MSTY) and sell (EOSE, VGT, XLK), with detailed justifications based on v...
The article highlights four major risks facing the private credit market - the four horsemen of the BDC Apocalypse. This includes lending to non-prime borrowers and receivables financing. AI-driven disruption in software companies and growing competition in private credit. So far these risks have not materialized in actual BDC results; however, they are worth considering when allocating to the ...
Prospect Capital Corporation ( PSEC ) Q1 2026 Earnings Call November 7, 2025 9:00 AM EST Company Participants John Barry - Chairman of the Board & CEO Kristin Van Dask - CFO, Treasurer, Secretary & Chief Compliance Officer Michael Eliasek - President, COO & Director Conference Call Participants Finian O'Shea - Wells Fargo Securities, LLC, Research Division Presentation Operator Good day, and we...
Prospect Capital Corporation delivered better-than-expected net investment income and stabilizing NII on a Q/Q basis, supporting an upgrade to a strong buy rating. PSEC offers a robust value proposition with a ~60% discount to net asset value, stable dividend coverage, and a shift toward higher-quality first lien loans. The BDC reported a 0.7% non-accrual percentage in Q1'26 and reported a net ...
NEW YORK, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended September 30, 2025.
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