Prospect Capital is registered as a closed-end investment company. Co.'s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. Co. invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. Co. works with the management teams or financial sponsors to seek investments with historical cash flows, asset collateral or contracted pro-forma cash flows. We show 60 historical shares outstanding datapoints in our PSEC shares outstanding history coverage, used to compute PSEC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PSEC market cap history over the course of time is important for investors
interested in comparing PSEC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PSEC versus a peer is one thing; comparing
PSEC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PSEC can fluctuate over the course of history.
With this page we aim to empower investors researching PSEC by allowing them to research the PSEC market cap history. |
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Video: The Importance of Market Cap
