Prospect Capital Corporation Stock News

Prospect Capital's portfolio continues to show weakness in a high interest rate environment, leading to a 23% price drop over the last year and a slight dividend reduction. Despite a high dividend yield of 13%, PSEC's total return is negative, and it trades at a significant discount to NAV due to underlying weaknesses. PSEC's earnings have declined, with net investment income at its lowest leve...

Prospect Capital Corporation (NASDAQ:PSEC ) Q2 2025 Results Conference Call February 11, 2025 9:00 AM ET Company Participants John Barry - Chairman and Chief Executive Officer Grier Eliasek - President and Chief Operating Officer Kristin Van Dask - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Operator Hello, and welcome to the Prospect Capital Second Fiscal Q...

NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results for our fiscal quarter ended December 31, 2024.

NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (the “Company” or “Prospect”) today announced it expects to file with the Securities and Exchange Commission its report on Form 10-Q containing results for the fiscal quarter ended December 31, 2024 on Monday, February 10, 2025. The Company also expects to issue its earnings press release on Monday, February...

As a BDC bull, I've to admit that most BDCs are not good enough for being included in a durable retirement/passive income portfolio. In the article I share 5 specific criteria that we have to comply with to minimize dividend cut risk. I also share 3 concrete BDC picks, which I could easily see being included in the retirement income mix.

NEW YORK, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) has provided a first lien senior secured term loan, a first lien senior secured convertible term loan, and a preferred equity investment to Taos Footwear Holdings, LLC (“Taos Footwear” or "Company"), aggregating $65 million, in collaboration with Taos Footwear's founder and leadership team.

Prospect Capital's common shares remain stagnant post-dividend cut, while preferred shares have tumbled. S&P downgraded PSEC's credit rating to junk due to portfolio turbulence and liquidity pressures, impacting its ability to raise equity funding. Insider buying in PSEC has been extremely strong.

While most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.