Company Overview and News
In late October, I opened a position in PSEC when the stock was around $6. Better-than-expected earnings have led to a 20% relief rally since earnings. (5-0)
Prospect Capital’s first quarter results were underwhelming. Nonetheless, the BDC's shares have started to surge in November.
Prospect Capital Corp. (NASDAQ:PSEC) has 266 institutional investors and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 136,240,943 shares. Largest shareholders include Barry John F, Td Asset Management Inc, State Street Corp, Muzinich & Co., Inc., and Bank Of Montreal /can/. (21-1)
Floating-rate loan portfolio further makes GSBD a promising income vehicle during the current rate hiking cycle. (12-1)
In this article, I present a basic framework from which we can begin to construct a model to project Prospect Capital Corporation's (NASDAQ:PSEC) fair value, broken down into three key aspects. Each aspect of this framework merits its own individual discussion, and so for that reason, I will break this up into several articles.
I held six stocks that yield more than 7% for a minimum of one year in a portfolio of 33 different issues. (11-0)
With the stock trading at $6.45 and stated NAV of $9.69, the stock is trading at ~33% discount to NAV, at the lower range of average historical discount. (57-0)
Prospect Capital (PSEC) witnessed a marginal fall in its total originations in fiscal 1Q18 compared to fiscal 4Q17. In fiscal 1Q18, originations were as follows. (7-0)
Prospect Capital Corporation (PSEC) released its earnings report for fiscal 1Q18 on November 8. The company failed to meet the projections Wall Street analysts had set for earnings per share or EPS and revenues. (7-0)
Prospect Capital Corporation (PSEC - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 4.9% in the past one-month time frame. (14-0)
Nineteen months into this journey, I only hold three names out of the original A-Team names. (31-0)
Good morning and welcome to the Prospect Capital Corporation First Fiscal Quarter Earnings Release Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to John Barry, Chairman and CEO. Please go ahead.
PSEC continues to experience declining income mostly related to lower cash flows from CLO investments, increased non-accruals, and repayments of higher yielding investments. (2-0)
We believe that markets will eventually normalize in line with the company’s net asset value and that this will generate a turnaround in PSEC. (7-0)
I am projecting PSEC will report a minor decrease in NAV for the 9/30/2017 quarter. I am also projecting PSEC will report a slightly lower quarterly NII versus last quarter. (22-1)
2017-10-28 - Wilton
2017-10-25 - Wilton
2017-10-10 - Wilton
2017-10-09 - Wilton
2017-08-25 - Wilton