Prospect Capital Corporation (OQ:PSEC)

Business Focus: Closed End Funds

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
IR: See website
Key People
John F. Barry
Chairman of the Board, Chief Executive Officer, Director
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 financial services company. The Company primarily lends to and invests in middle market privately held companies. The Company is a closed-end investment company. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The Company 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. The Company makes investments, including lending in private equity sponsored transactions, lending directly to companies not owned by private equity firms, control investments in corporate operating companies, control investments in financial companies, investments in structured credit, real estate investments, investments in syndicated debt, aircraft leasing and online lending. The Company is managed by its investment advisor, Prospect Capital Management L.P.
Financial Overview
For the fiscal year ended 30 June 2019, Prospect Capital Corporation revenues increased 7% to $703.8M. Net income decreased 52% to $144.5M. Revenues reflect Control investments increase from $11.3M to $34.1M, Control investments increase from $15.1M to $36M, Control investments (Net of foreign with increase of 8% to $211.2M. Net income was offset by Unrealized G/L on Investment Securiti increase from $42.3M to $144.2M (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $4,729M as of Jun 30, 2019
Annual revenue (TTM): $703.77M as of Jun 30, 2019
EBITDA (TTM): $312.86M as of Jun 30, 2019
Net annual income (TTM): $144.49M as of Jun 30, 2019
Free cash flow (TTM): -$21.26M as of Jun 30, 2019
Net Debt Last Fiscal Year: $2,276M as of Jun 30, 2019
Shares outstanding: 367,287,523 as of Aug 26, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization