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. The Company's 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 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 six months ended 31 December 2023, Prospect Capital Corporation revenues increased 8% to $447.2M. Net income applicable to common stockholders totaled $42.6M vs. loss of $49.6M. Revenues reflect Non-control/Non-affiliate investment increase of 29% to $229.7M, Control investments (Net of foreign increase of 15% to $141.8M, Control investments increase of 16% to $41.4M.
Reporting Currency: U.S. Dollars
Enterprise value: $6,157M as of Dec 31, 2023
Annual revenue (TTM): $883.81M as of Dec 31, 2023
EBITDA (TTM): $437.50M as of Dec 31, 2023
Net annual income (TTM): -$80.32M as of Dec 31, 2023
Free cash flow (TTM): -$180.91M as of Dec 31, 2023
Net Debt Last Fiscal Year: $2,372M as of Dec 31, 2023
Shares outstanding: 415,207,492 as of Mar 12, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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