Prospect Capital Corporation is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, leveraged buyouts, refinancing, acquisitions, recapitalizations, turnaround, growth capital, development, capital expenditures and subordinated debt tranches of collateralized loan obligations, cash flow term loans, market place lending and bridge transactions. It also makes real estate investments particularly in multi-family residential real estate asset class. The fund makes secured debt, senior debt, senior and secured term loans, unitranche debt, first-lien and second lien, private debt, private equity, mezzanine debt, and equity investments in private and microcap public businesses. It focuses on both primary origination and secondary loans/portfolios and invests in situations like debt financings for private equity sponsors, acquisitions, dividend recapitalizations, growth financings, bridge loans, cash flow term loans, real estate financings/investments. It also focuses on investing in small-sized and medium-sized private companies rather than large public companies. The fund typically invests across all industry sectors, with a particular expertise in the energy and industrial sectors. It invests in aerospace and defense, chemicals, conglomerate services, consumer services, ecological, electronics, financial services, machinery, manufacturing, media, pharmaceuticals, retail, software, specialty minerals, textiles and leather, transportation, oil and gas production, coal production, materials, industrials, consumer discretionary, information technology, utilities, pipeline, storage, power generation and distribution, renewable and clean energy, oilfield services, healthcare, food and beverage, education, business services, and other select sectors. It prefers to invest in the United States and Canada. The fund seeks to invest between $10 million to $500 million per transaction in companies with EBITDA between $5 million and $150 million, sales value between $25 million and $500 million, and enterprise value between $5 million and $1000 million. It fund also co-invests for larger deals. The fund seeks control acquisitions by providing multiple levels of the capital structure. The fund focuses on sole, agented, club, or syndicated deals.
Company profile
Ticker
PSEC, PSEC-PA
Exchange
Website
CEO
Mr. John Francis Barry III, J.D.
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Chanticleer Holdings, Inc., TULVINE SYSTEMS INC
SEC CIK
Corporate docs
IRS number
432048643
PSEC stock data
Analyst ratings and price targets
Latest filings (excl ownership)
424B2
Prospectus for primary offering
21 Oct 24
424B2
Prospectus for primary offering
21 Oct 24
DEFA14A
Additional proxy soliciting materials
18 Oct 24
POS EX
Additional exhibits for listing
18 Oct 24
8-K
Entry into a Material Definitive Agreement
17 Oct 24
424B3
Prospectus supplement
17 Oct 24
424B2
Prospectus for primary offering
15 Oct 24
424B2
Prospectus for primary offering
15 Oct 24
POS EX
Additional exhibits for listing
10 Oct 24
424B2
Prospectus for primary offering
7 Oct 24
Transcripts
PSEC
Earnings call transcript
2024 Q3
9 May 24
PSEC
Earnings call transcript
2024 Q2
9 Feb 24
PSEC
Earnings call transcript
2024 Q1
9 Nov 23
PSEC
Earnings call transcript
2023 Q4
30 Aug 23
PSEC
Earnings call transcript
2023 Q3
10 May 23
PSEC
Earnings call transcript
2023 Q2
9 Feb 23
PSEC
Earnings call transcript
2023 Q1
10 Nov 22
PSEC
Earnings call transcript
2022 Q4
30 Aug 22
PSEC
Earnings call transcript
2022 Q3
10 May 22
PSEC
Earnings call transcript
2022 Q2
9 Feb 22
Financial summary
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Annual (USD) | Jun 24 | Jun 23 | Jun 22 | Jun 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 85.87 mm | 85.87 mm | 85.87 mm | 85.87 mm | 85.87 mm | 85.87 mm |
Cash burn (monthly) | (no burn) | 814.50 k | (no burn) | 8.94 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | 3.06 mm | n/a | 33.57 mm | n/a | n/a |
Cash remaining | n/a | 82.81 mm | n/a | 52.31 mm | n/a | n/a |
Runway (months of cash) | n/a | 101.7 | n/a | 5.9 | n/a | n/a |
Institutional ownership, Q2 2024
1.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 0 |
Closed positions | 224 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 23.88 mm |
Total shares | 4.37 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Barry John F | 4.37 mm | $23.88 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Sep 24 | Eugene S Stark | COMMON STOCK | Buy | Acquire P | No | No | 5.5 | 2,500 | 13.75 k | 57,500.345 |
16 Sep 24 | Eliasek M Grier | COMMON STOCK | Buy | Acquire P | No | No | 5.5 | 5,000 | 27.50 k | 1,666,130.422 |
13 Sep 24 | Eliasek M Grier | COMMON STOCK | Buy | Acquire P | No | No | 5.44 | 5,000 | 27.20 k | 1,661,130.422 |
12 Sep 24 | Eliasek M Grier | COMMON STOCK | Buy | Acquire P | No | No | 5.35 | 5,000 | 26.75 k | 1,656,130.422 |
10 Sep 24 | Eliasek M Grier | COMMON STOCK | Buy | Acquire P | No | No | 5.3 | 5,000 | 26.50 k | 1,651,130.422 |
News
Prospect Capital Upsizes Preferred Stock Offering to $1.8B With 7.28% Dividend
21 Oct 24
Peering Into Prospect Capital's Recent Short Interest
18 Sep 24
Wells Fargo Maintains Underweight on Prospect Capital, Lowers Price Target to $4.5
30 Aug 24
Prospect Capital Q4 2024 GAAP EPS $0.25 Beats $0.18 Estimate, Sales $212.260M Beat $205.620M Estimate
28 Aug 24
(PSEC) - Analyzing Prospect Capital's Short Interest
5 Aug 24
Press releases
Prospect Capital Corporation Provides First Lien Senior Secured Term and Convertible Loans to Support the Acquisition of Druid City Infusion by Inlet Road Capital Management
18 Oct 24
Prospect Capital Corporation Closes $764 Million of New Investments in Fiscal Year June 2024
15 Oct 24
Prospect Capital Corporation Extends and Increases Revolving Credit Facility to Over $2.1 Billion of Aggregate Commitments
7 Oct 24
Prospect Capital Celebrates its 20th Anniversary as a Leading Provider of Private Debt and Equity to U.S. Middle-Market Companies with Over $20 Billion Invested and More than 300 Portfolio Company Exits
3 Oct 24
Prospect Capital Announces June 2024 Financial Results and Declares 86th Consecutive $0.06 Dividend
28 Aug 24