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The Market Is Mispricing Prospect Capital
Albert Alfonso • Mon, Jun 17 • 32 Comments
Prospect Capital Corporation: A 12.38% Dividend With The Earnings To Cover The Expenses
Rupert Nicholson • Tue, Jun 11 • 43 Comments
BDC Risk Profiles: Part 10 - Prospect Capital
BDC Buzz • Mon, Jun 3 • 27 Comments
Prospect Capital: Record Originations Lack Income Punch
Stone Fox Capital • Mon, May 13 • 46 Comments
Grab 60% Over The Next 9 Years On This Preferred
Kraken • Wed, May 8 • 23 Comments
Prospect Capital: The Recent Weakness May Be A Buying Opportunity
Albert Alfonso • Wed, May 8 • 29 Comments
A Stable Stock With 12.2% Dividend; Too Good To Be True?
Harold Sultan • Wed, May 1 • 39 Comments
Prospect Capital And The Re-Emergence Of Collateralized Loan Obligations
Daniel R Moore • Wed, Apr 10 • 40 Comments
Prospect Capital: Is It Better Than American Capital?
BDC Buzz • Thu, Apr 4 • 43 Comments
With Its Recent Price Decline, Prospect Capital Is On Sale
Albert Alfonso • Tue, Apr 2 • 19 Comments
Prospect Capital: Buy This 12% Yielder With Record Originations
Stone Fox Capital • Sun, Mar 31 • 36 Comments
Prospect Capital: A Solid Choice For Monthly Income
Albert Alfonso • Wed, Feb 27 • 44 Comments
Prospect Capital: Realty Income Added To Portfolio
Dividend Sleuth • Mon, Feb 25 • 37 Comments
A Strategy For Enhancing Returns With Prospect Capital
Jeffrey Gall • Sat, Feb 16 • 25 Comments
Prospect Capital: Prospecting For Even Higher Dividends
Stone Fox Capital • Tue, Feb 12 • 42 Comments
Prospect Capital: Prospecting For Higher Dividends
Stone Fox Capital • Thu, Jan 17 • 48 Comments
Prospect Capital - Record Year, Bullish Indicators, But Wait
BDC Review • Mon, Jan 7 • 46 Comments
Time For A BDC Swap: One Stock To Sell And Another To Buy
Jeffrey Gall • Mon, Dec 17, 2012 • 32 Comments
Are The Companies In Prospect Capital's Portfolio Healthy?
Jeffrey Gall • Mon, Nov 12, 2012 • 22 Comments
Prospect Capital: This 11% Yielder Pays Dividends Monthly And Is Worth Buying Now
Hawkinvest • Wed, Nov 7, 2012 • 11 Comments

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To Buy, To Hold Or To Trim? A Look At 5 BDCs
Ron Stewart • Wed, Jun 19 • 4 Comments
Add A Faucet To Your DRIP
Adam Aloisi • Wed, Jun 19 • 41 Comments
Interest Rates Up - Variable Loan CEFs And BDCs Down, What's Up?
Daniel R Moore • Mon, Jun 10 • 25 Comments
Shopping List Revisited
Dividend Sleuth • Mon, Jun 10 • 27 Comments
Yields Of 10%+: Market Insanity Leads To Huge Opportunity
Mike the PhD • Tue, Jun 4 • 107 Comments
7 High-Yield Dividend Stocks To Avoid And Consider Today
Paul Zimbardo • Tue, May 28 • 12 Comments
BDC Risk Profiles Part 4: Insider And Institutional Ownership
BDC Buzz • Fri, May 24 • 19 Comments
Protected Principal Retirement Strategy: Portfolio Update
Akaralph • Wed, May 22 • 13 Comments
BDC Risk Profiles: Part 1
BDC Buzz • Wed, May 22 • 26 Comments
Latest BDC Rankings For Q1 2013
BDC Buzz • Mon, May 20 • 41 Comments
3 Undervalued U.S. Financials With A Greater Than 2% Dividend Yield
Black Coral Research • Tue, May 14 • 9 Comments
10 Star Financial Services Dogs Seek 11.9% To 22.6% Gains In April
Fredrik Arnold • Tue, May 14 • 2 Comments
5 Contrarian Value Small Cap Dividend Plays
Dividendinvestr • Tue, May 7 • 6 Comments
4 Stellar High Dividend Paying Stocks For 2013
Anthony Parsons • Tue, May 7 • 4 Comments
10 Top Financial Dogs Track 7.5% To 22% Gains In April
Fredrik Arnold • Sat, May 4 • 19 Comments
Earnings Preview For BDCs: Q1 2013, Part 2
BDC Buzz • Wed, May 1 • 18 Comments
Highest-Yield BDCs With The Lowest Multiples
BDC Buzz • Mon, Apr 29 • 13 Comments
Billionaire Noam Gottesman's Long-Term, High-Dividend Picks
Insider Monkey • Thu, Apr 25 • 5 Comments
High Priced BDCs: Are They Worth It?
BDC Buzz • Wed, Apr 24 • 21 Comments
Top MoPay Dividend Dogs Seek 14.8% To 89.6% Net Gains In April
Fredrik Arnold • Wed, Apr 24 • 30 Comments

Prospect Capital's CEO Discusses F3Q 2013 Results - Earnings Call Transcript
Tue, May 7 • 2 Comments
Prospect Capital Management Discusses Q2 2013 Results - Earnings Call Transcript
Fri, Feb 8 • 3 Comments
Prospect Capital's CEO Discusses F1Q13 Results - Earnings Call Transcript
Fri, Nov 9, 2012 • 6 Comments
Prospect Capital's CEO Discusses F4Q 2012 Results - Earnings Call Transcript
Thu, Aug 23, 2012 • 1 Comment
Prospect Capital Corporation F2Q10 (Qtr End 12/31/09) F2Q10 Earnings Call Transcript
Wed, Feb 10, 2010
Prospect Capital Corporation F1Q09 (Qtr End 09/30/08) Earnings Call Transcript
Mon, Nov 10, 2008
Prospect Capital Corporation F4Q08 (Qtr End 06/30/08) Earnings Call Transcript
Tue, Sep 9, 2008
Prospect Capital Corporation. F2Q08 (Qtr End 12/31/07) Earnings Call Transcript
Tue, Feb 12, 2008

Prospect Capital Declares Four Additional Monthly Cash Dividends to Shareholders Through December 2013, Discloses Benefits From Rising Interest Rates, and Confirms 12.7% Current Dividend Yield

Marketwire (Mon, 8:00AM)
Prospect Capital Announces $112 Million First-Lien Senior Secured Investment and Increases Current Quarter Net Investment Income Estimate to 31 to 35 Cents per Share, Providing a Current Stock Price Net Investment Income Yield of 12.2% to 13.8%

Marketwire (Jun 12, 2013)
Prospect Capital Reports Sale of Wolf Energy Assets and Receipt of Net Profits Interest Cash Distribution for a Combined Gross $66 Million, Boosting Prospect's Net Asset Value by Over $0.06 per Share and Reducing Prospect's Non-Accrual Rate to 0.2%

Marketwire (May 21, 2013)
Prospect Capital Provides $150 Million in Financing to Support the Recapitalization of Arctic Glacier by H.I.G. Capital, Notching More Than $1.1 Billion in Originations to Date in Calendar Year 2013

Marketwire (May 14, 2013)
Prospect Capital Grows Its Real Estate Yield Investment Business With Three New Investments

Marketwire (May 13, 2013)
Prospect Capital Provides $60 Million Senior Secured Credit Facility to Sandow Media

Marketwire (May 10, 2013)
Prospect Capital Announces 90% Increase in Net Investment Income for First Three Fiscal Quarters Over Prior Year

Marketwire (May 6, 2013)
Prospect Capital Declares Its 58th, 59th, 60th, and 61st Consecutive Cash Distributions to Shareholders, Aggregating More Than $785 Million in Cumulative Distributions to Shareholders Since 2004

Marketwire (May 6, 2013)
Prospect Capital Schedules Third Fiscal Quarter Earnings Release and Conference Call

Marketwire (Apr 25, 2013)
Prospect Capital Provides $34.4 Million of Senior Secured Debt to Support the Acquisition of Pegasus Financial Services by H.I.G. Capital

Marketwire (Apr 23, 2013)
Prospect Capital Provides $100 Million of Senior Secured Debt to Broder Bros. and Reaches Origination Record of Approximately $800 Million in March 2013 Quarter

Marketwire (Mar 28, 2013)
Lightning Round: Briggs & Stratton, Carnival Cruise Lines & More

at CNBC.com (Mar 25, 2013)
Prospect Capital Provides $200 Million of First-Lien Senior Secured Debt to Support the Refinancing of a Logistics Services Company Controlled by H.I.G. Capital

Marketwire (Mar 22, 2013)
Prospect Capital Provides $47 Million of Senior Secured Debt to Support the Acquisition of Atlantis Health Care Group (Puerto Rico), Inc. by ICV Partners

Marketwire (Mar 20, 2013)
Prospect Capital Corporation Prices Public Offering of $250 Million of 5.875% Senior Unsecured Notes Due 2023

Marketwire (Mar 8, 2013)
Prospect Capital Provides a $70 Million Term Loan to Support the Recapitalization of Cinedigm

Marketwire (Mar 4, 2013)
Prospect Capital Announces 55% Increase in Net Investment Income per Share and $0.12 Increase in Net Asset Value per Share for Second Fiscal Quarter Over Prior Year Second Fiscal Quarter

Marketwire (Feb 7, 2013)
Prospect Capital Declares Its 55th, 56th, and 57th Consecutive Cash Distributions to Shareholders, Representing More Than $675 Million in Cumulative Distributions to Shareholders Since 2004

Marketwire (Feb 7, 2013)
Prospect Capital Invests $25.2 Million to Recapitalize Nationwide Acceptance

Marketwire (Feb 4, 2013)
Prospect Capital Schedules Second Fiscal Quarter Earnings Release and Conference Call

Marketwire (Jan 31, 2013)

PSEC vs. ETF Alternatives

Company Description

We are a financial services company that primarily lends to and invests in middle market privately-held companies. We are a closed-end investment company that has filed an election to be treated as a business development company under the Investment Company Act of 1940, or the 1940 Act. We... More

Sector: Financial

Industry: Asset Management

Country: United States

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| Earnings
| Dividends
| M&A
| On the move

Monday, June 17, 9:54 AM Prospect Capital (PSEC) declares dividend for the month of Sep., Oct., Nov., and Dec., (PR) 6 Comments [Dividends]
Monday, June 17, 9:43 AM Prospect Capital (PSEC +2.2%) plans to keep its payout in place for the rest of the year, declaring monthly dividends of just over $0.11/share for September through December. The company notes the rates it pays on liabilities are locked in for many years, while the rates it receives on assets float - "providing upside to shareholders as interest rates rise." (PR) Comment! [Financials, On the Move]
Wednesday, June 12, 8:10 AM Another beaten-up income favorite puts the sellers on notice (CYS on Monday) with Prospect Capital (PSEC) guiding Q2 estimated NII to $0.35/share from $0.31 previously. The company also announces a new $112M senior loan to a leading 3rd party logistics company servicing shippers globally. With no borrowing under its credit line, Prospect has $800M in new investment capacity. Shares +2% premarket. (PR) 6 Comments [Financials, Breaking News, On the Move]
Friday, June 7, 10:43 AM Treasury prices are sharply lower, but high yield (HYG +0.6%) is enjoying a nice bounce after a rough few weeks. The move is translating into higher prices for BDCs (BDCS +1.5%) - whose assets are somewhat comparable to junk debt. Leading: Prospect (PSEC +1.2%), Main Street (MAIN +2.2%), Triangle (TCAP +1%), MCG (MCGC +1.6%), American Capital (ACAS +1.7%), Fifth Street (FSC +1.1%), and Golub (GBDC +0.9%). As SA's Alberto Alfonso points out, American Capital - for one - can take advantage of recent declines to buy back even more shares at well below book value. 1 Comment [Financials, On the Move]
Tuesday, June 4, 1:43 PM Main Street Capital (MAIN -4.2%) continues for a 2nd day to bear the brunt of the selling in the BDC sector (BDCS -0.7%). The company's just-published investor day presentation is typical conference stuff - showing how the company is different (and superior) to its sector brethren, explaining the opportunities in lower and middle-market lending, and including several case studies. Also notably lower: MCG Capital (MCGC -1.6%), Prospect (PSEC -1.3%), and Hercules (HTGC -1%). 16 Comments [Financials, On the Move]
Monday, June 3, 11:52 AM Business development companies (BDCS -1.1%) see some selling as higher interest rates threaten to offer at least minor competition to their fat dividends. The drop in junk bond prices - a decent proxy for the assets on their books - isn't helping either. Leading on the downside today: Main Street (MAIN -4.5%), American Capital (ACAS -2.4%), Prospect Capital (PSEC -1.4%), Ares Capital (ARCC -1.1%), Blackrock Kelso (BKCC -1.1%). 5 Comments [Financials, On the Move]
Tuesday, May 21, 7:43 AM Prospect Capital (PSEC) receives a distribution of $66M after portfolio company Wolf Energy sells some oil and gas assets in Texas. Prospect estimates the cash has boosted NAV by more than $0.06/share. Had the cash flows been received in Q1, it would have cut Prospect's loan assets on non-accrual to just 0.2% from 1.3% reported. (PR) 7 Comments [Financials]
Monday, May 13, 7:39 AM Prospect Capital (PSEC) buys further into the apartment rental business, closing three new apartment deals totaling $27.4M. Two of the multi-family properties are in Florida (Tampa and Bradenton), the other in suburban Atlanta. (PR) 1 Comment [Financials]
Friday, May 10, 7:12 AM More deal flow. Prospect Capital (PSEC) provides a $60M credit line to Sandow Media, LLC, bringing YTD originations to about $1B. For perspective, the company closed nearly $3B in the year ended March 31. Triangle Capital (TCAP) yesterday got hit for a 5% decline after reporting very little Q1 action and management silent on Q2 as it waxed optimistic about 2013 H2. 4 Comments [Financials]
Monday, May 6, 9:12 PM More on Prospect Captial (PSEC) FQ3 earnings: NAV of $10.71/share off $0.10 from Dec. 31 and against today's closing price of $11.11. Net investment income/share guidance for FQ4 of $0.26-$0.32. Accumulated NII over earnings thus far this fiscal year is $0.22/share. Portfolio yield of 13.9% on March 31. Market value of assets on non-accrual is 1.3% of total assets, down from 1.9% at start of fiscal year. Conference call tomorrow at 11 ET. Shares -1.9% AH. (PR) Comment! [Earnings, Financials, On the Move]
Monday, May 6, 5:34 PM Prospect Capital (PSEC): FQ3 NII of $0.26 misses by $0.05. (PR) 5 Comments [Earnings, Breaking News, Financials]
Tuesday, March 26, 10:36 AM Investors may want to take profits in BDCs, says Wells Fargo, downgrading the sector to Hold. New investment yields are near historic lows despite higher leverage multiples and a spike in covenant-lite deals, says Wells, a risky combination. Individual downgrades: AINV, PSEC, BKCC, TICC, HRZN, PNNT, TCRD, MCC. A few upgrades make the mix: HTGG, GBDC, ARCC, NMFC. 14 Comments [Financials]
Thursday, February 28, 11:21 AM Billed as a private equity ETF, the newly listed PEX owns no Blackstone, KKR, or Fortress. The top U.S. holdings - ARCC, ACAS, PSEC, AINV, FSC - will be well-known to fans of BDCs though. 9 Comments [Financials]
Friday, February 8, 12:54 PM In 2013 Q1, BDCs might find themselves paying for a robust 2012 Q4 (when companies rushed to close deals ahead of tax hikes). "Our deal pipeline in Q1 is much slower than it was last quarter," said Golub Capital (GBDC) CEO David Golub on the earnings call (transcript). "It's not anemic ... but there's no question that we and others in the market are feeling the full-forward effect of last quarter." 6 Comments [Financials]
Friday, February 8, 12:05 AM Notable earnings before Friday’s open: AOL, AXL, BPL, CBOE, ETR, GSM, LH, LPX, MCO, NBIX, PSEC, YRCW Comment! [Earnings]
Thursday, February 7, 5:52 PM Prospect Capital (PSEC): FQ2 EPS of $0.51 beats by $0.09. (PR) 3 Comments [Earnings, Financials]

Ypa Finance
$PSEC in our quantitative strategies (Russell2000 Dividend Portfolio) http://bit.ly/15ZIU78
Thu, 10:16 AM
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SaltyDog62
$PSEC... I let this one DRIP each month. Amazing how fast shares build up.
Jun 5, 7:01 AM
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losbronces
Picked up some $PSEC at $10.20, I think it will go lower but that price is good enough to start. Miss too many w/my low target prices.
Jun 4, 3:13 PM
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John McCoy
Long on BDCs for dividend income, long $BKCC and $PSEC, liking $ACAS for long term capital gain potential and future restored dividends.
Jun 1, 3:54 PM
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Ocean Man: Nice pullback on $SLRC. I bought some Friday. Agree on ACAS.
Jun 2, 5:32 PM
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Dividend Sheet
$PSEC $TAC and $BTE are tomorrow's best yielding ex-dividend stocks - http://stks.co/iXGv - 20 shares with 4.06% average yield
May 28, 3:18 AM
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bd4uandu
Sold all BDC's today $FSC $PSEC $TICC and REIT $RSO at profit of 3-5%. It turned out a shorter tern hold then expected.
May 13, 6:57 PM
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bd4uandu: I am worried maybe unfounded about interest rates. I will sit in cash maybe until something shakes out. Still have some small ...
May 13, 6:59 PM
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bd4uandu: speculative plays in some small caps, energy transports and telecommunications.
May 13, 7:00 PM
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Dividend Sheet
$CHKR $PSEC and $TCRD are the best yielding dividend stocks with a hike last week - http://stks.co/cU0k - 51 shares with 3.41% yield
May 12, 6:55 AM
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dbseraf
$PSEC is holding up better than I expected. Would a strong close be a good sign, or just the algos playing reversion-to-the-mean?
May 7, 1:50 PM
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ReaperLynx: Decided to dump my $AT on today's jump and bought another 1/2 position of $PSEC at $10.86........dry powder was burning a hole in my pocket
May 9, 5:31 PM
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worldnet1: He's probably day trading it. Notice how it tanks in the AM and roars back late?
May 10, 9:14 AM
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Packrat1987
$PSEC I forgot to update my position here. I post on yahoo finance as instantwinbutton. Lots of downside to psec from here.
May 6, 11:42 PM
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Packrat1987: $PSEC to trade at 0.88 to book or $9.40. True yield of 10.2% on a nii of 0.22 to 0.26 per quarter due to slowing originations in second half
May 7, 1:54 PM
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SaltyDog62: How is that huge position you bought in MTGE above 25. Still holding? Just curious, I am adding to MTGE and Agnc
Jun 2, 11:24 PM
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Zach Tripp
$PSEC deceiving headline, tisk, tisk. NII +2.6%, Mgr fee +111.9%
May 6, 8:31 PM
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LATEST REPLIES

Packrat1987
Bought 48,000 shares of $PSEC today at 10.97 cost average. Over 12 percent monthly dividend, good long term track record and performance.
Mar 26, 11:57 AM
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Packrat1987: Forgot to update. If you see yahoo message boards under psec I had posted there under the name instantwinbutton. Out @ 11+. Bad quarterly.
Jun 6, 5:52 PM
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Packrat1987: I am now aggressively long mtge. see mtge message board at yahoo for more. I am loaded up with calls and stock.
Jun 6, 5:54 PM
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Packrat1987
$PSEC I forgot to update my position here. I post on yahoo finance as instantwinbutton. Lots of downside to psec from here.
May 6, 11:42 PM
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Packrat1987: $PSEC to trade at 0.88 to book or $9.40. True yield of 10.2% on a nii of 0.22 to 0.26 per quarter due to slowing originations in second half
May 7, 1:54 PM
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SaltyDog62: How is that huge position you bought in MTGE above 25. Still holding? Just curious, I am adding to MTGE and Agnc
Jun 2, 11:24 PM
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John McCoy
Long on BDCs for dividend income, long $BKCC and $PSEC, liking $ACAS for long term capital gain potential and future restored dividends.
Jun 1, 3:54 PM
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Ocean Man: Nice pullback on $SLRC. I bought some Friday. Agree on ACAS.
Jun 2, 5:32 PM
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bd4uandu
Sold all BDC's today $FSC $PSEC $TICC and REIT $RSO at profit of 3-5%. It turned out a shorter tern hold then expected.
May 13, 6:57 PM
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bd4uandu: I am worried maybe unfounded about interest rates. I will sit in cash maybe until something shakes out. Still have some small ...
May 13, 6:59 PM
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bd4uandu: speculative plays in some small caps, energy transports and telecommunications.
May 13, 7:00 PM
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dbseraf
$PSEC is holding up better than I expected. Would a strong close be a good sign, or just the algos playing reversion-to-the-mean?
May 7, 1:50 PM
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ReaperLynx: Decided to dump my $AT on today's jump and bought another 1/2 position of $PSEC at $10.86........dry powder was burning a hole in my pocket
May 9, 5:31 PM
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worldnet1: He's probably day trading it. Notice how it tanks in the AM and roars back late?
May 10, 9:14 AM
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Overanalytical
$PSEC below $10.50. Time to get in?
Apr 17, 11:07 AM
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mrmedusa: Nice monthly dividend... slowly rising. I've had some for a while- not looking at a loss with dividends.
Apr 17, 10:29 PM
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DAG1996: http://bit.ly/10D3m8B http://bit.ly/10D3m8B
May 6, 8:40 PM
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dbseraf
$PSEC earnings look pretty bad at first glance. Trading down AH. Is there any upside here?
May 6, 6:50 PM
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DAG1996: I don't know, but it appears that forward guidance isn't much better. I'm glad I switched to $BX instead. http://bit.ly/15ukk1y
May 6, 8:36 PM
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jmok322
$PSEC breaks the $11 mark..let's hope it can stay there
Apr 30, 3:40 PM
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jmok322: When is the next earning release?
May 3, 9:41 AM
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thetroubledinvestor: today?
May 6, 8:21 AM
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johnnyvolvo
$PSEC
Apr 7, 1:23 AM
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The Complete Dividend Plan: $PSEC remains a long term holding even if rates were to rise to 4% (The old normal). Ignore the noise. That is just Wall Street jibberish
Apr 7, 9:20 AM
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johnnyvolvo: Debt level maybe a little high? But stocks like KO & JNJ at current PEs seem risky & w/less divvy. Didn't PSEC do ok through '08 recession?
Apr 7, 1:59 PM
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Joseph P. Porter
BDCs seem to be taking a hit - $TCAP down a lot, $FSC, $PSEC, $MAIN all down, but more reasonably.
Apr 1, 1:35 PM
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The Complete Dividend Plan: Volume for $PSEC on down day is below average. Nothing to worry about.
Apr 1, 5:39 PM
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mrmedusa: I love ANYthing that plods along, a little up, a little down, paying 12%. What does Wells Fargo pay me for deposit accounts?
Apr 2, 7:10 AM
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Larry Harnar
Sold $MLR the underperformer and added more $PSEC on dip
Mar 26, 12:06 PM
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Larry Harnar: Also, I've had success with $MAIN, but it is trading at a significant premium now.
Mar 28, 12:10 PM
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A Newell: Started at $10.94...hope I can snag some more below $10.80
Mar 28, 1:50 PM
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jwill53
$PSEC down 1 1/2% pre-market - secondary announced?
Mar 26, 8:54 AM
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The Complete Dividend Plan: All things considered (Cramer and Wells Fargo so called downgrade) not to bad. PSEC is firing on all w/ cheap money floating. Staying long.
Mar 26, 5:34 PM
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jwill53: same here
Mar 27, 8:39 AM
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Niners 4 Life!
Looking to add to position in psec. When do you think they'll do another secondary? $PSEC
Mar 11, 2:27 PM
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mrmedusa: Right, DAG. 35m shares @ $11.10 Nov. 2
Mar 12, 6:53 PM
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DAG1996: Thanks, Mr. M
Mar 12, 10:14 PM
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Packrat1987
$PSEC is going to drop below $10.80. I promise you. Not because of fundamentals but because of the market selling off early next week.
Mar 1, 4:56 PM
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skyraider: thanks Packrat1987. We will see.
Mar 5, 12:33 PM
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Packrat1987: I still believe that $PSEC will under-perform the market in the near term. I went short $TWO as i think a secondary is coming.
Mar 12, 3:36 PM
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obgyn
$PNNT or $PSEC? Which is worth a initiating a LONG position in today?
Mar 4, 12:24 PM
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mrmedusa: Howdy.
Mar 4, 1:24 PM
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Ypa Finance: $PSEC is in our monthly rebalanced divi portfolio for months
Mar 4, 7:09 PM
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PSEC Prospect Capital

PSEC

Prospect Capital