Prospect Capital: Out Of The Woods Or Back To The Woodshed? [Seeking Alpha]
Prospect Capital Corporation - Closed End Fund (PSEC)
Last prospect capital corporation - closed end fund earnings: 2/10 04:02 pm
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US:NASDAQ Investor Relations:
ww2.prospectstreet.com
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Source: Seeking Alpha
Follow Summary Prospect Capital Corporation's recent 25% dividend cut, despite previous ample coverage, raises concerns about future dividend reliability amid high interest rates and NAV erosion. PSEC's low leverage and strong liquidity position, with a 0.44x leverage level and $1.5 billion in liquidity, are positive aspects. The stock trades at a significant 47% discount to NAV, reflecting investor concerns and recent dividend cut impacts. High exposure to real estate and CLOs, coupled with questionable management and credit quality, make PSEC a hold despite an attractive valuation. I do much more than just articles at iREIT®+HOYA Capital: Members get access to model portfolios, regular updates, a chat room, and more. Learn More » AbraCG/iStock via Getty Images This article was co-produced with Dividend Collectuh. I'm pretty confident if you're reading this, then you've probably heard about the dividend cut Prospect Capital Corporation NASDAQ: PSEC ) conducted earl
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PSEC
News
- Prospect Capital Corporation Hosting Upcoming Webinar: “Preferred Stock as a Low Volatility, Downside Protected, and Income Generating Asset Class” [Yahoo! Finance]Yahoo! Finance
- Prospect Capital Corporation Hosting Upcoming Webinar: “Preferred Stock as a Low Volatility, Downside Protected, and Income Generating Asset Class”GlobeNewswire
- Prospect Capital Co. (NASDAQ: PSEC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Scott Bessent Appointment Makes This 11% Yield A ‘Screaming Buy' [Forbes]Forbes
- National Property REIT Corp. Exits Dylan at Grayson Investment with 1.7 Times Cash on Cash Return [Yahoo! Finance]Yahoo! Finance
PSEC
Earnings
- 5/8/24 - In-Line
PSEC
Sec Filings
- 12/19/24 - Form POS
- 12/18/24 - Form 8-K
- 12/18/24 - Form 424B2
- PSEC's page on the SEC website