Nvidia, AMD to pay 15% of China chip sales revenue to US govt- FT
Prospect Capital (NASDAQ:PSEC) Corporation stock reached a 52-week low, hitting a price of 3.04 USD, while maintaining an impressive 16.93% dividend yield. According to InvestingPro data, the company has maintained dividend payments for 22 consecutive years, despite current challenges. This milestone marks a significant downturn for the company, which has experienced a substantial decline over the past year. The stock’s 1-year change reflects a decrease of 42.51%, with InvestingPro analysis showing the company is not profitable over the last twelve months. The recent low comes amid broader market fluctuations and specific pressures on the company’s performance, with a market capitalization of $1.42 billion and a relatively defensive beta of 0.82. InvestingPro’s comprehensive financial health assessment rates the stock as "FAIR," prompting investors to closely monitor future developments. For deeper insights, access the detailed Pro Research Report available for this and 1,400+ other US stocks.
In other recent news, Prospect Capital Corporation has successfully completed its acquisition of QC Holdings, Inc. for approximately $115 million in an all-cash transaction. This acquisition was finalized following a definitive merger agreement, leading to the delisting of QC Holdings’ common stock from public trading. In addition to this development, Prospect Capital reported its first-quarter earnings for 2025, which showed an earnings per share (EPS) of $0.19, exceeding the forecasted $0.14. However, the company’s revenue did not meet expectations, totaling $170.72 million compared to the anticipated $184.63 million. Despite these mixed financial results, the company’s stock price saw a slight increase. These recent developments highlight Prospect Capital’s strategic moves and financial performance in the current market environment.
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