Clear Harbor Asset Management LLC Acquires Shares of 325,525 Prospect Capital Corporation $PSEC

Clear Harbor Asset Management LLC bought a new position in Prospect Capital Corporation (NASDAQ:PSEC) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 325,525 shares of the financial services provider’s stock, valued at approximately $752,000. Clear Harbor Asset Management LLC owned 0.06% of Prospect Capital as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Catalyst Financial Partners LLC purchased a new position in shares of Prospect Capital during the fourth quarter valued at approximately $26,000. Ground Swell Capital LLC bought a new stake in shares of Prospect Capital during the 4th quarter worth approximately $28,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Prospect Capital during the 4th quarter worth approximately $28,000. Evergreen Capital Management LLC purchased a new position in Prospect Capital during the 4th quarter valued at $30,000. Finally, Foundations Investment Advisors LLC purchased a new position in Prospect Capital during the 4th quarter valued at $31,000. Institutional investors own 9.06% of the company’s stock.

Prospect Capital Price Performance

Shares of NASDAQ:PSEC opened at $2.33 on Monday. Prospect Capital Corporation has a 52-week low of $2.11 and a 52-week high of $3.13. The stock has a market cap of $1.17 billion, a P/E ratio of 46.60 and a beta of 0.79. The business’s 50 day moving average is $2.24 and its 200 day moving average is $2.47. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.64.

Prospect Capital (NASDAQ:PSEC) last issued its earnings results on Thursday, August 20th. The financial services provider reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. Prospect Capital had a return on equity of 12.15% and a net margin of 19.33%.The business had revenue of $155.76 million during the quarter, compared to analyst estimates of $149.80 million.

Prospect Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Wednesday, October 28th will be paid a dividend of $0.035 per share. The ex-dividend date is Wednesday, October 28th. This represents a c) annualized dividend and a dividend yield of 18.0%. Prospect Capital’s dividend payout ratio (DPR) is currently 840.00%.

Analysts Set New Price Targets

PSEC has been the topic of a number of recent analyst reports. Wall Street Zen lowered Prospect Capital from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings raised shares of Prospect Capital from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Finally, Wells Fargo & Company cut their price target on shares of Prospect Capital from $2.50 to $2.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, Prospect Capital currently has a consensus rating of “Sell” and an average price target of $2.00.

Key Prospect Capital News

Here are the key news stories impacting Prospect Capital this week:

• Positive Sentiment: PSEC reported net investment income of $0.15 per common share, exceeding the $0.11 analyst consensus, while quarterly revenue of $155.8 million also topped expectations of $149.8 million. The earnings beat is a near-term positive for the stock. Prospect Capital quarterly earnings report
• Positive Sentiment: The company maintained monthly distributions of $0.035 per share for September, October, and November, equating to an annualized yield of approximately 18.4% at the referenced share price. The payout remains a major attraction for income-oriented investors. Prospect Capital Announces June 2026 Results
• Positive Sentiment: Prospect reported $1.60 billion of cash and undrawn revolving credit capacity and subsequently closed the sale of Valley Electric for approximately $328 million, supporting liquidity and balance-sheet flexibility. Prospect Capital quarterly loss and NAV report
• Neutral Sentiment: Recent earnings-call coverage and the fiscal 2026 10-K provide additional detail on portfolio performance, credit quality, funding, and management’s plans; investors should review these disclosures for evidence that the dividend and NAV can be sustained. PSEC Q4 2026 earnings call transcript
• Negative Sentiment: PSEC posted a $38.1 million net loss, or $0.08 per share, as realized and unrealized investment losses totaled $83.8 million. NAV per share fell to $5.71 from $6.05 in the prior quarter, signaling material portfolio deterioration despite the operating-earnings beat. Prospect Capital NAV decline report
• Negative Sentiment: Analyst commentary warns that the unusually high yield may reflect credit, valuation, and dividend-sustainability risks rather than a simple bargain. Other coverage disputes the size of the reported NAV discount, underscoring uncertainty over the fair value of PSEC’s investments. Prospect Capital high-yield analysis

Insider Activity at Prospect Capital

In other news, CEO John F. Barry acquired 1,067,648 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average cost of $2.27 per share, for a total transaction of $2,423,560.96. Following the completion of the acquisition, the chief executive officer directly owned 89,213,725 shares of the company’s stock, valued at $202,515,155.75. The trade was a 1.21% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 2,500,648 shares of company stock worth $5,678,121 in the last 90 days. Company insiders own 0.03% of the company’s stock.

About Prospect Capital

Prospect Capital Corporation is a publicly traded business development company listed on the Nasdaq stock exchange that specializes in providing private debt and equity financing solutions to middle-market companies across the United States. Structured as a closed-end, non-diversified management investment company under the Investment Company Act of 1940, Prospect Capital offers investors access to a diversified portfolio of senior secured loans, subordinated debt and selective equity interests in privately held businesses.

Since its founding in 2004, Prospect Capital has focused on tailoring financing structures to meet the growth, acquisition and recapitalization needs of its portfolio companies.