Seeking Alpha

Record quarter for originations for Prosepct

  • Prospect Capital (PSEC +0.1%) closed a record $1.3B in deals in Q1 - this in a quarter where more than one BDC said it was pulling back amid "frothy" conditions.
  • Today's deal is $279M of first-lien senior secured debt and equity in Allentown, PA's Harbortouch Payments
  • Source: Press Release.
Comments (5)
  • maybenot
    , contributor
    Comments (3347) | Send Message
     
    Don't get cocky PSEC. Just keep those steady monthlies rolling in.

     

    (with those tiny, tiny divvy increases you do to tease us -- but, what the hell, I'll take 'em :) )
    1 Apr, 09:49 AM Reply Like
  • xxavatarxx
    , contributor
    Comments (2054) | Send Message
     
    Yup
    1 Apr, 01:10 PM Reply Like
  • jmkdog
    , contributor
    Comments (199) | Send Message
     
    Hats off to a HUGE Q. Adding a Point of Sale processor at a time when mobile payments are growing exponentially should add some nice returns to psec shareholders.

     

    What do we expect ROI to be with Harbortouch
    1 Apr, 11:37 AM Reply Like
  • iboston
    , contributor
    Comments (17) | Send Message
     
    Those multi-decimal placement divi's screw with my calculations.. No complaining mind you. I just am off by a few pennies every month.
    1 Apr, 12:09 PM Reply Like
  • Uain53
    , contributor
    Comments (1346) | Send Message
     
    I hold PSEC because it is such a desireable stock at this time;

     

    - low beta
    - double digit dividend

     

    I bought on "speculation" after the div cut and transition to MoPay, based on the re-org plan put forth by mgmnt. My position .. and dividend stream... grows by 10+%/ annum now. For me this a diversification position from my CCC stocks that grow a lower dividend and provide capital appreciation. My goal is to retire in 7 yrs and live off dividends only.

     

    Monitoring closely, I so far am confident PSEC will still be part of the mix.
    1 Apr, 08:54 PM Reply Like
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