Prospect Capital Corporation (OQ:PSEC)

Sector:  Financials Industry:  Closed End Funds
 
See Regulatory Filings on SEC
Company Contact
Address: 10 E 40th St Fl 44
NEW YORK NY 10016-0301
Tel: N/A
Website: https://www.prospectstreet.com
IR: See website
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Key People
John F. Barry
Chairman of the Board, Chief Executive Officer
M. Grier Eliasek
President, Chief Operating Officer, Director
Kristin Lea Van Dask
Chief Financial Officer, Chief Compliance Officer, Treasurer, Secretary
Business Overview
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.
Financial Overview
For the fiscal year ended 30 June 2024, Prospect Capital Corporation revenues increased 1% to $861.7M. Net income applicable to common stockholders totaled $147.4M vs. loss of $172.5M. Revenues reflect Non-control/Non-affiliate investment increase of 15% to $454.1M, Control investments (Net of foreign increase of 9% to $280.5M, Non-control/Non-affiliate investments increase from $3.8M to $8.9M.
Reporting Currency: U.S. Dollars
Enterprise value: $6,155M as of Jun 30, 2024
Annual revenue (TTM): $861.66M as of Jun 30, 2024
EBITDA (TTM): $419.84M as of Jun 30, 2024
Net annual income (TTM): $147.42M as of Jun 30, 2024
Free cash flow (TTM): -$80.31M as of Jun 30, 2024
Net Debt Last Fiscal Year: $2,348M as of Jun 30, 2024
Shares outstanding: 432,925,834 as of Sep 18, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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