Prospect Capital sees Q1 NII 41c-46c Prospect Capital is targeting continued growth in NII per share as the firm utilizes prudent leverage to finance growth through new originations, given its debt to equity ratio stood at less than 44% (and less than 36% after subtraction of cash and equivalents) as of June 30. The firm estimates that net investment income, NII, for the current September 2012 quarter will be 41c to 46c per share.
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Prospect Capital raises Q4 NII to 35c from 31c, consensus 30c Based on the closing stock price as of June 11, this estimate represents an annualized net investment income yield of 12.2% to 13.8%. Prospect also announced that it recently completed a $112M first-lien senior secured investment in a leading third-party logistics company that services many of the largest shippers in the world.
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