Prospect Capital Corp
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Financials : Capital Markets | Small Cap Blend
Company profile

Prospect Capital Corporation is a financial services company that primarily lends to and invests in middle-market privately held companies. The Company's investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated secured debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. It makes directly originated agented loans to companies, including companies which are controlled by private equity sponsors and companies that are not controlled by private equity sponsors. It also invests in senior and secured loans, syndicated loans and high yield bonds that have been sold to a club or syndicate of buyers, both in the primary and secondary markets. The Company is managed by its investment adviser, Prospect Capital Management L.P.

Closing Price
$7.39
Day's Change
-0.20 (-2.64%)
Bid
--
Ask
--
B/A Size
--
Day's High
7.67
Day's Low
7.31
Volume
(Average)
Volume:
2,430,421

10-day average volume:
2,303,263
2,430,421

Netflix gets an upgrade from a long-time bear, who said the stock's selloff is 'overcooked'

6:50 am ET January 21, 2022 (MarketWatch)
Print

Shares of Netflix Inc. (NFLX) plummeted 19.6% in premarket trading Friday, as the streaming-video service's disappointing outlook overnight prompted a number of Wall Street analysts to cut their ratings, but at least one analyst said the selloff appears "overcooked." Benchmark's Matthew Harrigan, who's been bearish on Netflix for at least the past two years, isn't turning bullish, but he did raise his rating to hold from sell. "Netflix stock should find a floor as the $405 after market price discounts both member growth deceleration and margin underachievement," Harrigan wrote in a note to clients. He "vacated" his previous $470 stock price target, but now sees fair value for the stock at $450. Harrigan said he's still bullish on the direct-to-consumer streaming migration, but he views Netflix as "first among equals" rather than a dominant player commanding overwhelming network effects. The stock, which is on track to open at the lowest price seen during regular-session hours since June 2020, has already slumped 22.2% over the past three months through Thursday, while the S&P 500 has slipped 1.5%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

January 21, 2022 06:50 ET (11:50 GMT)

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