Prospect Capital Q4 net investment income per share falls

Prospect Capital

20/08/2026 21:15

Overview
U.S. middle-market lender's fiscal Q4 net investment income per share fell yr/yr
Company posted a net loss to common shareholders for fiscal Q4
Net asset value per share declined to $5.71 from $6.56 a year earlier

Outlook
Prospect declares monthly distributions of $0.035 per share for September and October 2026
Company continues to focus on first lien senior secured middle market loans and exiting lower-yielding assets

Result Drivers
PORTFOLIO ROTATION - Co increased focus on first lien senior secured middle market loans and reduced second lien and subordinated structured notes exposure
ASSET EXITS - Co exited targeted lower-yielding equity-linked assets including real estate properties and certain corporate investments
AI AND AUTOMATION INITIATIVES - Co said adoption of AI and automation at both corporate and portfolio company level aimed to enhance revenues and cost efficiencies

Company press release: ID:nGNX8TD4Zy

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Loss Per Share
 
$0.08
 
Q4 Net Loss Applicable to Common Shareholders
 
$38.09 mln
 

Analyst Coverage
The one available analyst rating on the shares is "sell"
The average consensus recommendation for the closed end funds peer group is "hold."
Wall Street's median 12-month price target for Prospect Capital Corp is $2.00, about 11.1% below its August 19 closing price of $2.25
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

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Aug 18 - Jefferson Security Bank Q2 net income rises on higher loan yields

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)