Prospect Capital: Potentially Impacted By Interest Rate Cuts (Rating Downgrade) [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
There are better alternative BDCs out there offering superior portfolio investments that have better capitalized on the higher interest rate environment. Interest rates remain a threat to PSEC's total Net Investment Income. Rate cuts are anticipated in the latter half of 2024 and can result in lower profitability metrics. Overview I previously covered Prospect Capital ( NASDAQ: PSEC ) back in November of 2023. Since then, PSEC has delivered a total return of nearly 12%. At the time, my original thesis was that the price dropped so significantly that the discount to NAV was about 45%. Such a large discount to NAV presented an opportunity to capture some income while we waited for the price to recover. At the time my original thesis was published, the price of PSEC was $5.14/share. Shortly after the price shot up above $6/share. Now the price has come back down and I think the discount is less attractive this time around. While the premium still sits at a discount to NAV of -38%,
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
- Refuel Agency Supports the Military Through Multiple Initiatives [Yahoo! Finance]Yahoo! Finance
- Prospect Capital: Time To Double Down And Secure A 13% Yield [Seeking Alpha]Seeking Alpha
- Prospect Capital Corporation (NASDAQ:PSEC) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Prospect Capital Corp Reports Mixed Q3 FY2023 Results; Declares 80th Consecutive Dividend [Yahoo! Finance]Yahoo! Finance
- Prospect Capital fiscal Q2 earnings hold up better than expected [Seeking Alpha]Seeking Alpha
PSEC
Earnings
- 2/8/24 - Beat
PSEC
Sec Filings
- 4/25/24 - Form POS
- 4/22/24 - Form 424B2
- 4/22/24 - Form 424B2
- PSEC's page on the SEC website