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Prospect Capital Corporation (PSEC) is a buy at these levels 1 comment
PSEC has seen some insider buying and decent growth lately. Annual dividend yield is 12%+ and I think this is a buy right here at $9.68.
Debt to equity ratio is under 15% and they are benefiting from lower interest rates in their borrowing facilities. While the NAV per share has declined recently, expect this to reverse due to their lower financing costs and increased investments.
PSEC is a closed-end investment company that lends to and invests in private and microcap public businesses. Success hinges on a continuing recovery as with almost everything else.
Disclosure: LONG PSEC
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