|Bid||7.850 x 41700|
|Ask||7.900 x 25500|
|Day's Range||7.850 - 7.950|
|52 Week Range||6.950 - 9.150|
|PE Ratio (TTM)||14.69|
|Earnings Date||Feb 28, 2018 - Mar 7, 2018|
|Forward Dividend & Yield||0.76 (9.81%)|
|1y Target Est||8.58|
The PE ratio for Prospect Capital (PSEC) is 8.97x on an NTM (next-12-month) basis, which implies its discounted valuation since the peer average is 9.61x. Prospect’s competitors Ares Capital (ARCC), Apollo Investment (AINV), and FS Investment (FSIC) have PE ratios of 10.16x, 8.69x, and 9.99x, respectively, on an NTM basis.
This morning, WallStEquities.com scans Apollo Global Management LLC (NYSE: APO), Ares Capital Corp. (NASDAQ: ARCC), Cboe Global Markets Inc. (NASDAQ: CBOE), and FS Investment Corp. (NYSE: FSIC). Companies in the Diversified Investments space usually invest in a wide range of securities.
Losses were broad based as seven out of nine sectors finished the trading session in red. WallStEquities.com has initiated research reports on the following Diversified Investments stocks: Apollo Global Management LLC (NYSE: APO), Ares Capital Corp. (NASDAQ: ARCC), Cboe Global Markets Inc. (NASDAQ: CBOE), and FS Investment Corp. (NYSE: FSIC).
Prospect Capital’s (PSEC) PE (price-to-earnings ratio) is 8.32x on a next-12-month basis, which reflects a lower valuation than the peer average of 9.35x.
For a business development company such as Prospect Capital (PSEC), the total number of originations plays a vital role in determining its investment objectives. Prospect Capital focuses on guarding its capital and makes plans to minimize the risk rather than to chase yields.
Prospect Capital (PSEC) witnessed a rise in its total investments in fiscal 3Q18 compared to fiscal 2Q18. It also saw a rise in the number of companies in its portfolio from 122 in fiscal 2Q18 to 134 in fiscal 3Q18.
On May 9, Prospect Capital (PSEC) published its fiscal 3Q18 earnings for the period that ended on March 31. Its total investment income amounted to $162.8 million in fiscal 3Q18 compared to $171 million in fiscal 3Q17. This fall was mainly the result of a fall in its interest income as well as a fall in its structured credit investment returns.
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