Prospect Capital Stock Price, News & Analysis

Prospect Capital Corporation (NASDAQ:PSEC) announced financial results for Q4 and fiscal year 2025. The company reported Net Investment Income (NII) of $79.04 million ($0.17 per share) for Q4 2025, down from $102.92 million ($0.25 per share) year-over-year. Net loss applicable to common shareholders was $(226.37) million, or $(0.50) per share.

The company declared monthly cash distributions of $0.045 per share for September and October 2025. PSEC's portfolio showed significant strategic shifts, with first lien debt increasing to 70.5% of investments while reducing exposure to second lien loans and subordinated structured notes. Total investments stood at $6.69 billion across 97 portfolio companies in 33 industries.

The company maintains strong liquidity with $1.32 billion in cash and undrawn credit facility commitments. Management and employees own 28.5% of common shares, representing approximately $0.9 billion in equity at NAV.

Prospect Capital Corporation (NASDAQ: PSEC) has announced its upcoming fiscal year earnings release schedule. The company will file its Form 10-K report and issue earnings press release for the fiscal year ended June 30, 2024 on Tuesday, August 26, 2025, after market close.

A conference call is scheduled for Wednesday, August 27, 2025 at 9:00 a.m. ET. Investors can participate via phone (888-338-7333) or through a live webcast on the company's website. A replay will be available for 30 days by calling 877-344-7529 with passcode 7458818.

Prospect Capital Corporation (NASDAQ: PSEC) has completed the acquisition of QC Holdings, Inc., a consumer credit provider, in an all-cash transaction valued at $115 million. The acquisition closed on June 30, 2025.

Following the acquisition, QC Holdings will continue to operate from its Lenexa, Kansas headquarters as a portfolio company of Prospect. The current management team, including President and CEO Darrin Andersen, will retain their positions. QC Holdings' common stock has been delisted from stock exchanges.

The company has outlined the payment process for stockholders: certificated shareholders will receive transmittal letters within 3-5 business days, while those holding shares through Computershare will receive merger price payments in the same timeframe. Brokerage account holders are advised to contact their brokers regarding payment timing.

Prospect Capital Corporation (NASDAQ: PSEC) announced the adjournment of its special stockholders meeting held on June 9, 2025, to June 17, 2025, at 3:00 p.m. ET. The adjournment aims to allow more time for stockholder vote solicitation on proposals detailed in the company's March 11, 2025 proxy statement. As of March 11, the company had 445,761,031 common shares outstanding, along with multiple series of preferred stock including Series A1, A2, A3, A4, A5, M1, M3, M4, and M5, with varying dividend rates from 5.35% to 7.50%. The adjourned meeting will be held virtually at www.virtualshareholdermeeting.com/PSEC2025SM.

Prospect Capital Corporation (NASDAQ: PSEC) has announced the redemption of all outstanding 3.706% Notes due 2026. The redemption will take place on June 18, 2025, with noteholders receiving 100% of the principal amount plus any accrued but unpaid interest up to the redemption date. The Notes are currently held through The Depository Trust Company and will be redeemed following applicable procedures.

Prospect Capital Corporation (PSEC) reported financial results for Q1 2025 showing mixed performance. Net Investment Income (NII) decreased to $83.5M ($0.19 per share) from $94.4M ($0.23 per share) year-over-year. The company reported a significant net loss of $171.3M (-$0.39 per share) compared to net income of $113.9M ($0.27 per share) in Q1 2024. The NAV per share declined to $7.25 from $8.99 year-over-year. Key portfolio metrics include: 65.5% first lien debt (increased 650 basis points YoY), 10.5% second lien debt, and 19.7% equity investments. The company maintains strong liquidity with $1.72B in cash and undrawn credit facility commitments. PSEC declared monthly cash distributions of $0.045 per share for May through August 2025. The company successfully retired $156.2M convertible bonds in March 2025 and completed a tender offer for $135.7M of 2026 Notes in April 2025.

Prospect Capital Corporation (NASDAQ: PSEC) has announced its schedule for third fiscal quarter earnings release and conference call. The company plans to file its Form 10-Q report with the SEC containing results for the quarter ended March 31, 2025, on Thursday, May 8, 2025. The earnings press release will be issued after market close on the same day.

A conference call is scheduled for Friday, May 9, 2025, at 9:00 a.m. Eastern Time, accessible via dial-in number 888-338-7333. A replay will be available for approximately 30 days at 877-344-7529 using passcode 7141044. Additionally, a live webcast will be available on the company's website at www.prospectstreet.com.

Prospect Capital (PSEC) has announced the results of its cash tender offer for its outstanding 3.706% Notes due 2026. As of the expiration time on April 17, 2025, a total of $142,961,000 aggregate principal amount of Notes had been validly tendered, including $8,732,000 tendered through guaranteed delivery procedures.

The company will pay $990.00 for each $1,000 principal amount of eligible Notes, plus accrued and unpaid interest. The settlement date is expected to be April 22, 2025. The tender offer targeted Notes with an outstanding principal amount of $342,947,000.

RBC Capital Markets, is serving as the Dealer Manager, while D.F. King & Co., Inc. is acting as the Information and Tender Agent for the tender offer.

Prospect Capital (NASDAQ: PSEC) has announced a definitive merger agreement to acquire QC Holdings in an all-cash transaction valued at approximately $115 million, offering $2.00 per share. The merger has received unanimous approval from QC Holdings' board of directors and majority shareholders.

The transaction is expected to close within 40 to 60 days, subject to regulatory approvals and customary closing conditions. Post-merger, QC Holdings will delist from the OTC Pink Market but maintain its headquarters in Lenexa, Kansas, with current CEO Darrin Andersen and the management team continuing their roles.

The merger aims to provide QC Holdings, a consumer finance business with a 40-year history, access to greater capital through Prospect for future growth and innovation.