Prospect Capital: Still At Risk Of NAV Deterioration Despite Portfolio Shifts [Seeking Alpha]
Prospect Capital Corporation (PSEC)
Last prospect capital corporation earnings: 2/10 04:02 pm
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US:NASDAQ Investor Relations:
ww2.prospectstreet.com
Company Research
Source: Seeking Alpha
PSEC trades at a deep 57.7% discount to NAV, reflecting persistent NAV deterioration and investor skepticism despite portfolio shifts toward senior secured loans. Dividend yield stands at 20.7%, but true coverage is questionable due to dilution and obligations to preferred shareholders, risking future payout reductions. I maintain a sell rating on PSEC, citing ongoing NAV pressure, weak capital allocation to new investments, and uncertain efficacy of recent portfolio adjustments. Khanchit Khirisutchalual/iStock via Getty Images Overview Prospect Capital ( PSEC ) remains one of the worst performing business development companies in the sector. A combination of unfavorable market traits, such as higher interest rates and a growing rate of loan defaults, has created a challenging environment for many BDCs. When This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initi
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PSEC
News
- Prospect Capital Management’s Grier Eliasek Featured in AdvisorHub Q&AGlobeNewswire
- Prospect Enhanced Yield Fund Announces 9.05% Annualized Total Cash Distribution Rate (on Net Asset Value) for January through March 2026GlobeNewswire
- Prospect Capital Announces Annual Meeting UpdateGlobeNewswire
- Prospect Capital Announces Annual Meeting UpdateGlobeNewswire
- UPDATE — Prospect Enhanced Yield Fund Announces 9.0% Annualized Total Cash Distribution Rate (on Net Asset Value) for October 2025 through December 2025GlobeNewswire
PSEC
Sec Filings
- 1/15/26 - Form 8-K
- 1/15/26 - Form POS
- 1/12/26 - Form 424B2
- PSEC's page on the SEC website