Prospect Capital stock slides after cutting distribution; Q1 earnings beat consensus [Seeking Alpha]
Prospect Capital Corporation - Closed End Fund (PSEC)
Last prospect capital corporation - closed end fund earnings: 2/10 04:02 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ww2.prospectstreet.com
Company Research
Source: Seeking Alpha
25% as it rotates structure credit collateralized loan obligation ("CLO") equity and real estate investments into its core business of first lien senior secured middle market loans. Meanwhile, fiscal Q1 earnings topped the consensus estimate. The business development company declared monthly distributions of $0.045 per common share for November, December, and January, down from its previous distribution of $0.06 per common share in October. "CLO equity has decreased to 6% of our assets (versus 18% as of September 30, 2017) as we execute on our rotation strategy to emphasize first lien senior secured lending, with such mix growing significantly for us," said Chairman and CEO John Barry. "CLO equity typically generates attractive cash-on-cash yields, but such yields tend to be higher in the initial years while lower in the later years, thereby resulting in variability that we seek to dampen by focusing more on our core business at Prospect Capital Corp. ( NASDAQ: PSEC The company
Show less
Read more
Impact Snapshot
Event Time:
PSEC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PSEC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PSEC alerts
High impacting Prospect Capital Corporation - Closed End Fund news events
Weekly update
A roundup of the hottest topics
PSEC
News
- National Property REIT Corp. Exits Dylan at Grayson Investment with 1.7 Times Cash on Cash Return [Yahoo! Finance]Yahoo! Finance
- National Property REIT Corp. Exits Dylan at Grayson Investment with 1.7 Times Cash on Cash ReturnGlobeNewswire
- Prospect Capital: Out Of The Woods Or Back To The Woodshed? [Seeking Alpha]Seeking Alpha
- Prospect Capital Corporation to Present at the 2024 Markets Group NYC Private Credit Conference [Yahoo! Finance]Yahoo! Finance
- Prospect Capital Management Partners with iCapital to Expand Investment Advisor Access to Closed End Fund (CEF) and Business Development Company (BDC) Opportunities [Yahoo! Finance]Yahoo! Finance
PSEC
Earnings
- 5/8/24 - In-Line
PSEC
Sec Filings
- 11/22/24 - Form SC
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- PSEC's page on the SEC website