Prospect Capital Corporation is a business development company that focuses on lending to and investing in private businesses. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated secured debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. It invests primarily in first and second lien secured loans and unsecured debt, which in some cases includes an equity component. It invests in debt and equity positions of structured credit, which are a form of securitization in which the cash flows of a portfolio of loans are pooled and passed on to different classes of owners in various tranches. It may also acquire controlling interests in companies in conjunction with making secured debt investments in such companies. Its investment adviser is Prospect Capital Management L.P.
Industry Leader
The company's revenue leads the industry, with the latest annual revenue totaling USD 462.51M.
Turnaround to Profit
The company's performance has turned profitable, with the latest annual net income of USD .
Undervalued
The company’s latest PB is 0.37, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 101.53M shares, decreasing 8.24% quarter-over-quarter.
Held by Paul Tudor Jones
Star Investor Paul Tudor Jones holds 1.57M shares of this stock.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of -0.05.