Prospect Capital Corporation (PBY) Stock Analysis
DELISTED 2021
What happened to Prospect Capital Corporation (PBY) stock?
Prospect Capital Corporation (PBY) no longer trades on public markets. It was delisted in June 2021. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Prospect Capital Corporation (PBY) trades at $25.00. Prospect Capital Corporation is a business development company (BDC) that provides financing to middle-market companies in the United States. Market cap: $1.52B, Sector: Financial services.
Last analyzed: Mar 17, 2026Analyst Coverage for PBY: PBY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates PBY against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
Prospect Capital Corporation (PBY) Financial Services Profile
Prospect Capital Corporation is a business development company specializing in providing capital to middle-market companies through diverse investment strategies, including secured debt, mezzanine finance, and private equity, operating primarily in the United States and Canada with a focus on generating income and capital appreciation.
What Is the Investment Thesis for PBY?
Prospect Capital Corporation presents a high-yield investment opportunity through its business development company (BDC) model, offering a substantial dividend yield of 20.77%. The company's strategy of investing in middle-market companies provides exposure to a diverse portfolio of debt and equity investments. A key value driver is Prospect Capital's ability to generate income through its lending and investment activities, reflected in its profit margin of 364.2%. Upcoming catalysts include the potential for increased deal flow in the middle market and strategic real estate investments. However, investors should be aware of potential risks, including interest rate sensitivity and credit risk associated with its portfolio companies.
Based on FMP financials and quantitative analysis
PBY Key Highlights
Market capitalization of $1.52B indicates a significant presence in the business development company sector.
- Profit margin of 364.2% demonstrates strong profitability from its investment activities.
- Gross margin of 285.5% reflects efficient management of its investment portfolio.
- Dividend yield of 20.77% offers a high income stream for investors.
- Investments range from $10 million to $500 million per transaction, targeting middle-market companies with EBITDA between $5 million and $150 million.
Who Are PBY's Competitors?
PBY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BGC BGC Group, Inc. | $10.95 | +1.39% | $5.19B | 71 |
| BNRE Brookfield Reinsurance Ltd. | $47.12 | -0.80% | $6.87B | 62 |
| CBTX CBTX, Inc. | $29.25 | -1.42% | $1.55B | 39 |
| CSWC Capital Southwest Corporation | $24.68 | +0.49% | $1.53B | 38 |
| HKIB AMTD International Inc. | $3.90 | -1.52% | $1.53B | 48 |
| CET Central Securities Corp. | $54.21 | -0.90% | $1.60B | 70 |
| HQH Abrdn Healthcare Investors | $23.84 | -3.33% | $1.36B | 71 |
| TSLX Sixth Street Specialty Lending, Inc. | $18.77 | +0.37% | $1.78B | 68 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are PBY's Key Strengths?
High dividend yield of 20.77% attracts income-seeking investors.
- Strong profit margin of 364.2% indicates efficient operations.
- Diverse investment portfolio reduces risk.
- Experienced management team with expertise in middle-market financing.
What Are PBY's Weaknesses?
High debt levels may increase financial risk.
- Sensitivity to interest rate fluctuations.
- Dependence on the performance of middle-market companies.
- Negative P/E ratio of -5.24 may deter some investors.
What Could Drive PBY Stock Higher?
Potential for increased deal flow in the middle market due to economic recovery.
- Strategic real estate investments generating attractive returns.
- Expansion of investments in the technology sector.
- Potential acquisitions of smaller BDCs to expand asset base.
What Are the Key Risks for PBY?
Negative return on equity (-1.1%) — the business is not currently generating profit on shareholder capital.
- Economic downturn could negatively impact portfolio companies.
- Increased competition from other BDCs and lenders.
- Regulatory changes could affect BDC operations.
- Credit risk associated with investments in middle-market companies.
- Sensitivity to interest rate fluctuations.
What Are the Growth Opportunities for PBY?
- Expansion of Real Estate Investments: Prospect Capital has the opportunity to expand its real estate portfolio, particularly in the multi-family residential asset class. The demand for multi-family housing is expected to grow, driven by urbanization and demographic shifts. By strategically investing in high-growth markets, Prospect Capital can generate attractive returns and diversify its income streams. This expansion aligns with the company's expertise in real estate financing and investment.
- Increased Investment in Technology Sector: Prospect Capital can capitalize on the growth of the technology sector by increasing its investments in software, IT services, and other technology-related businesses. The technology sector is experiencing rapid innovation and growth, creating opportunities for BDCs to provide financing to emerging and established companies. Prospect Capital's expertise in structuring debt and equity investments can enable it to capture attractive returns in this dynamic sector.
- Strategic Acquisitions of Smaller BDCs: Prospect Capital can pursue strategic acquisitions of smaller BDCs to expand its asset base and market reach. The BDC sector is fragmented, with numerous small and mid-sized players. By acquiring complementary businesses, Prospect Capital can achieve economies of scale, diversify its investment portfolio, and enhance its competitive position. This strategy can drive long-term growth and create value for shareholders.
- Leveraging Marketplace Lending Platforms: Prospect Capital can leverage marketplace lending platforms to originate loans to middle-market companies. Marketplace lending platforms use technology to connect borrowers and lenders, streamlining the loan origination process and reducing costs. By partnering with these platforms, Prospect Capital can access a broader pool of potential borrowers and diversify its lending activities. This approach can enhance the company's ability to generate attractive returns while managing risk.
- Focus on Renewable and Clean Energy Investments: Prospect Capital can capitalize on the growing demand for renewable and clean energy by increasing its investments in this sector. The transition to a low-carbon economy is driving significant investments in renewable energy projects, creating opportunities for BDCs to provide financing to companies developing and operating these projects. Prospect Capital's expertise in energy sector investments positions it well to capture attractive returns in this rapidly growing market.
What Are PBY's Competitive Advantages?
- Established relationships with middle-market companies and private equity sponsors.
- Expertise in structuring debt and equity investments.
- Diverse investment portfolio across various industries.
- Business development company (BDC) structure providing access to capital and tax advantages.
What Does PBY Do?
Prospect Capital Corporation, established as a business development company (BDC), focuses on providing financing solutions to middle-market companies. The company's investment strategy encompasses a wide array of financial instruments, including secured debt, mezzanine finance, and private equity. Prospect Capital targets mature and emerging growth businesses, facilitating leveraged buyouts, refinancing, acquisitions, recapitalizations, turnarounds, and growth capital initiatives. Prospect Capital also invests in real estate, particularly in multi-family residential assets. Prospect Capital Corporation invests between $10 million and $500 million per transaction, targeting companies with EBITDA ranging from $5 million to $150 million, sales value between $25 million and $500 million, and enterprise value between $5 million and $1000 million. The company operates primarily in the United States and Canada, focusing on both primary origination and secondary loans/portfolios. Prospect Capital's investment approach spans various industries, including aerospace and defense, chemicals, consumer services, energy, financial services, healthcare, industrials, and technology. The company seeks control acquisitions by providing multiple levels of the capital structure and focuses on sole, agented, club, or syndicated deals.
What Products and Services Does PBY Offer?
- Provides financing to middle-market companies.
- Invests in secured debt, mezzanine finance, and private equity.
- Facilitates leveraged buyouts, refinancing, and acquisitions.
- Offers growth capital and turnaround financing.
- Invests in real estate, particularly multi-family residential assets.
- Focuses on both primary origination and secondary loans/portfolios.
- Operates primarily in the United States and Canada.
How Does PBY Make Money?
- Generates income through interest and fees from debt investments.
- Realizes capital gains from equity investments.
- Manages a diverse portfolio of investments across various industries.
- Utilizes a business development company (BDC) structure to access capital and distribute income to shareholders.
What Industry Does PBY Operate In?
Prospect Capital Corporation operates within the asset management industry, specifically as a business development company (BDC). The BDC sector is characterized by companies that provide financing to small and medium-sized businesses. The industry is influenced by factors such as interest rates, economic growth, and regulatory changes. Competitors include BGC, BNRE, CBTX, CSWC, and HKIB. Prospect Capital's focus on middle-market companies and diverse investment strategies positions it within a competitive landscape where differentiation and risk management are crucial.
Who Are PBY's Key Customers?
- Middle-market companies seeking financing for growth, acquisitions, or recapitalizations.
- Private equity sponsors requiring debt financing for their portfolio companies.
- Companies in various industries, including aerospace, chemicals, consumer services, energy, and technology.
- Real estate developers and operators in the multi-family residential sector.
Key Financial Metrics
Return on equity for Prospect Capital Corporation stands at -1.1%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -0.6%, showing how much profit it generates from its asset base. Its free cash flow yield is 37.1%, a gauge of the cash the business throws off relative to its market value. A current ratio of 3.10 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -3.5%, the inverse of the P/E and a quick read on earnings relative to price.
Prospect Capital Corporation (PBY) Valuation Context
Valued at $1.52B, PBY is classified as a small-cap stock.
Company Profile
Prospect Capital Corporation operates in the Asset Management industry within the Financial Services sector. It is headquartered in New York City, US. The company is led by CEO John Francis Barry III,. PBY has traded publicly since 2018.
Financial Health
Prospect Capital Corporation's Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 3.48 places it in the safe zone, indicating low near-term bankruptcy risk.
PBY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- High dividend yield of 20.77% attracts income-seeking investors.
- Strong profit margin of 364.2% indicates efficient operations.
- Diverse investment portfolio reduces risk.
- Experienced management team with expertise in middle-market financing.
Bear Case
- High debt levels may increase financial risk.
- Sensitivity to interest rate fluctuations.
- Dependence on the performance of middle-market companies.
- Negative P/E ratio of -5.24 may deter some investors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
PBY Latest News
No recent news available for PBY.
Leadership: John Francis Barry III,
Chief Executive Officer
John Francis Barry III serves as the Chief Executive Officer of Prospect Capital Corporation. His background includes extensive experience in finance and investment management. He has held various leadership positions in the financial services industry, focusing on private equity, debt financing, and investment strategies. Barry's expertise spans across multiple sectors, including energy, industrials, and technology. His educational background includes advanced degrees in finance and business administration.
Track Record: Under John Francis Barry III's leadership, Prospect Capital Corporation has focused on strategic investments in middle-market companies and real estate. Key achievements include maintaining a high dividend yield and managing a diverse investment portfolio. Strategic decisions have centered on optimizing the company's capital structure and expanding its presence in key sectors. Prospect Capital has navigated various economic cycles under his guidance.
Prospect Capital Corporation ADR Information
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company trading on U.S. stock exchanges. For Prospect Capital Corporation (PBY), as an ADR, it allows U.S. investors to invest in a company based in New York City, US, without the complexities of cross-border transactions. The ADR is denominated in U.S. dollars.
- Home Market Ticker: Primary stock exchange: NASDAQ. Country: United States
What Investors Ask About Prospect Capital Corporation (PBY) — Financial Services
What happened to Prospect Capital Corporation (PBY) stock?
Prospect Capital Corporation (PBY) no longer trades on public markets. It was delisted in June 2021. The figures below are historical and are not a current quote.
Can I still buy PBY shares?
No. PBY stopped trading on public markets in June 2021, so the shares are not available through a broker. Anything you see quoted for PBY elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before PBY stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Prospect Capital Corporation. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Prospect Capital Corporation do?
Prospect Capital Corporation is a business development company (BDC) that provides financing to middle-market companies in the United States. It invests in various debt and equity securities, including secured debt, mezzanine finance, and private equity. The company's objective is to generate both current income and long-term capital appreciation through its investments.
What do analysts say about PBY stock?
Analyst consensus on Prospect Capital Corporation (PBY) is currently mixed, reflecting the inherent risks and opportunities associated with its business model. Key valuation metrics, such as its price-to-earnings ratio and dividend yield, are closely monitored. Growth considerations include the company's ability to generate income from its investments and manage its capital structure effectively. Analysts also focus on the performance of its portfolio companies and the overall economic environment.
What are the main risks for PBY?
The main risks for Prospect Capital Corporation (PBY) include credit risk associated with its investments in middle-market companies, sensitivity to interest rate fluctuations, and potential economic downturns that could negatively impact its portfolio companies. Increased competition from other BDCs and lenders, as well as regulatory changes, also pose risks. Effective risk management and diversification are crucial for mitigating these challenges. The company's high debt levels may also increase financial risk.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data and market conditions are subject to change.
- Investment decisions should be based on thorough research and consultation with a financial advisor.