Prospect Capital Corporation (PSEC)
PSEC · NASDAQ
New York, NY | NASDAQ:PSEC
Overview
Prospect Capital Corporation is one of the oldest publicly traded BDCs, having operated since 2004. PSEC is known for its monthly dividend payments and a diversified investment strategy that spans senior secured loans, mezzanine debt, and equity investments. The company focuses on companies with stable cash flows and tangible asset bases. PSEC has a notable track record of consistent monthly distributions.
Key Metrics
| Metric | Value |
|---|---|
| 1-Year Total Return | 8.2% |
| 3-Year Total Return | 18.5% |
| 5-Year Total Return | 32% |
| Expense Ratio | 11.5% |
| Leverage Ratio | 0.95x |
| Portfolio Companies | 120 |
| Total Assets | $3.1B |
Investment Strategy
Prospect Capital Corporation focuses on senior secured loans, mezzanine debt, equity investments in the consumer, energy, financial services, healthcare sectors. The company targets middle-market companies and maintains a portfolio of 120 investments totaling $3.1B in assets.
Management
CEO: John F. Barry III | Employees: 40
Suitability
PSEC is suitable for income-focused investors seeking monthly dividend income with a 12.5% yield. The BDC's focus on senior secured loans provides defensive portfolio characteristics. Investors should consider their risk tolerance and investment objectives before investing.