Prospect Capital Approves Stock Sale Below Asset Value

The latest announcement is out from Prospect Capital ( (PSEC) ).

On June 17, 2025, Prospect Capital held a virtual Special Meeting of Stockholders where a proposal was approved to allow the company to sell shares of its common stock below the current net asset value per share over the next 12 months. This decision, which was supported by a majority of the voting stockholders, is aimed at providing the company with greater flexibility in its financial operations, potentially impacting its market strategy and shareholder value.

The most recent analyst rating on (PSEC) stock is a Sell with a $4.50 price target. To see the full list of analyst forecasts on Prospect Capital stock, see the PSEC Stock Forecast page.

Spark’s Take on PSEC Stock

According to Spark, TipRanks’ AI Analyst, PSEC is a Neutral.

Prospect Capital’s overall score is driven by mixed financial performance with strong current profitability but historical volatility. Technical analysis points to bearish momentum, which is a significant concern. The high dividend yield is a positive, but the negative P/E ratio indicates potential sustainability issues. Overall, the stock presents a balanced risk-reward profile, with strengths in cash flow management and dividend yield, but significant technical and valuation challenges.

To see Spark’s full report on PSEC stock, click here.

More about Prospect Capital

Average Trading Volume: 3,315,609

Technical Sentiment Signal: Sell

Learn more about PSEC stock on TipRanks’ Stock Analysis page.