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
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 nine months ended 31 March 2020, Prospect Capital Corporation revenues decreased 11% to $478.3M. Net loss totaled $178.8M vs. income of $105.6M. Revenues reflect Non-control/Non-affiliate investment decrease of 13% to $179.1M, Dividend Income, Cont. Entities decrease of 70% to $9.3M, Structured credit securities decrease of 16% to $88.7M. Net loss reflects Unrealized G/L on Investment Securities increase from $22.1M to $172.3M (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $4,003M as of Mar 31, 2020
Annual revenue (TTM): $642.65M as of Mar 31, 2020
EBITDA (TTM): $277.05M as of Mar 31, 2020
Net annual income (TTM): -$139.95M as of Mar 31, 2020
Free cash flow (TTM): $137.70M as of Mar 31, 2020
Net Debt Last Fiscal Year: $2,137M as of Mar 31, 2020
Shares outstanding: 369,356,358 as of May 8, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization