Gold is 2025’s best performer. UBS sees more upside
Prospect Capital (NASDAQ:PSEC) stock reached a new 52-week low, hitting $3.14, as the company continues to face challenges in the current market environment. With a market capitalization of $1.43 billion and a notable dividend yield of ~17%, the business development company maintains its 22-year streak of consecutive dividend payments, according to InvestingPro data. Over the past year, the stock has experienced a significant decline, with a 1-year total return of -34.35%. This downward trend reflects broader concerns among investors about the company's performance and future prospects, with revenue declining 12.19% in the last twelve months. The new low underscores the volatility and uncertainty that have characterized Prospect Capital's stock performance over the past year. For deeper insights into PSEC's valuation and growth potential, InvestingPro subscribers can access additional key metrics and expert analysis in the comprehensive Pro Research Report.
In other recent news, Prospect Capital Corporation reported a strong performance in their first quarter of 2025, with earnings per share (EPS) of $0.19, surpassing the analyst forecast of $0.14. However, the company's revenue did not meet expectations, totaling $170.72 million against a projected $184.63 million. Despite these mixed financial results, the company's net asset value (NAV) per share stands at $7.25, indicating steady asset management. Prospect Capital continues to focus on first lien senior secured middle market loans as a key strategy. Analysts from Wells Fargo (NYSE:WFC) have raised questions about the slowdown in other income from National Property REIT Corp (NPRC), which the company addressed by highlighting ongoing exit strategies for real estate assets. The company maintains a net debt to total assets ratio of 28.7% and has announced shareholder distributions of $0.45 per share for the coming months. Prospect Capital's diversified funding sources include a $2.12 billion revolving credit facility from 48 banks, showcasing strong support from the lender community.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.