Clear Harbor Asset Management LLC acquired a new position in Prospect Capital Corporation (NASDAQ:PSEC – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 325,525 shares of the financial services provider’s stock, valued at approximately $752,000.
A number of other hedge funds also recently bought and sold shares of PSEC. Catalyst Financial Partners LLC bought a new stake in Prospect Capital during the 4th quarter valued at $26,000. Ground Swell Capital LLC bought a new position in shares of Prospect Capital in the 4th quarter worth $28,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Prospect Capital in the 4th quarter worth $28,000. Evergreen Capital Management LLC purchased a new stake in shares of Prospect Capital during the 4th quarter worth $30,000. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of Prospect Capital during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 9.06% of the company’s stock.
More Prospect Capital News
Here are the key news stories impacting Prospect Capital this week:
- Positive Sentiment: PSEC reported net investment income of $0.15 per common share, exceeding the $0.11 analyst consensus, while quarterly revenue of $155.8 million also topped expectations of $149.8 million. The earnings beat is a near-term positive for the stock. Prospect Capital quarterly earnings report
- Positive Sentiment: The company maintained monthly distributions of $0.035 per share for September, October, and November, equating to an annualized yield of approximately 18.4% at the referenced share price. The payout remains a major attraction for income-oriented investors. Prospect Capital Announces June 2026 Results
- Positive Sentiment: Prospect reported $1.60 billion of cash and undrawn revolving credit capacity and subsequently closed the sale of Valley Electric for approximately $328 million, supporting liquidity and balance-sheet flexibility. Prospect Capital quarterly loss and NAV report
- Neutral Sentiment: Recent earnings-call coverage and the fiscal 2026 10-K provide additional detail on portfolio performance, credit quality, funding, and management’s plans; investors should review these disclosures for evidence that the dividend and NAV can be sustained. PSEC Q4 2026 earnings call transcript
- Negative Sentiment: PSEC posted a $38.1 million net loss, or $0.08 per share, as realized and unrealized investment losses totaled $83.8 million. NAV per share fell to $5.71 from $6.05 in the prior quarter, signaling material portfolio deterioration despite the operating-earnings beat. Prospect Capital NAV decline report
- Negative Sentiment: Analyst commentary warns that the unusually high yield may reflect credit, valuation, and dividend-sustainability risks rather than a simple bargain. Other coverage disputes the size of the reported NAV discount, underscoring uncertainty over the fair value of PSEC’s investments. Prospect Capital high-yield analysis
Analysts Set New Price Targets
Get Our Latest Report on Prospect Capital
Insider Activity
In related news, CEO John F. Barry acquired 1,067,648 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average cost of $2.27 per share, with a total value of $2,423,560.96. Following the transaction, the chief executive officer directly owned 89,213,725 shares of the company’s stock, valued at $202,515,155.75. This trade represents a 1.21% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 2,500,648 shares of company stock worth $5,678,121 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.
Prospect Capital Price Performance
Shares of PSEC stock opened at $2.33 on Monday. The stock’s fifty day moving average price is $2.24 and its 200 day moving average price is $2.47. Prospect Capital Corporation has a 1-year low of $2.11 and a 1-year high of $3.13. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 46.60 and a beta of 0.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.87 and a quick ratio of 0.87.
Prospect Capital (NASDAQ:PSEC – Get Free Report) last released its quarterly earnings results on Thursday, August 20th. The financial services provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $155.76 million during the quarter, compared to analysts’ expectations of $149.80 million. Prospect Capital had a return on equity of 12.15% and a net margin of 19.33%.
Prospect Capital Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Wednesday, October 28th will be issued a dividend of $0.035 per share. The ex-dividend date is Wednesday, October 28th. This represents a c) annualized dividend and a dividend yield of 18.0%. Prospect Capital’s dividend payout ratio is 840.00%.
Prospect Capital Profile
Prospect Capital Corporation is a publicly traded business development company listed on the Nasdaq stock exchange that specializes in providing private debt and equity financing solutions to middle-market companies across the United States. Structured as a closed-end, non-diversified management investment company under the Investment Company Act of 1940, Prospect Capital offers investors access to a diversified portfolio of senior secured loans, subordinated debt and selective equity interests in privately held businesses.
Since its founding in 2004, Prospect Capital has focused on tailoring financing structures to meet the growth, acquisition and recapitalization needs of its portfolio companies.
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