Prospect Capital Corporation (PSEC) Agrees to Sell Valley Electric Company
Key takeaways
- The stock trades around a forward price to earnings ratio of 4.8, which is well below the S&P’s average and also below the sector median of 10.98.
- Recently, on May 27, Prospect Capital Corporation (NASDAQ:PSEC) announced that it has agreed to sell Valley Electric Company, which is a firm in its investment portfolio.
- Management noted that after accounting for adjustments and earn-out payments, the company is expected to receive net exit proceeds of around $280 million.
Prospect Capital Corporation (PSEC) Agrees to Sell Valley Electric Company Talha Qureshi Sun, June 21, 2026 at 1:53 AM GMT+7 2 min read PSEC MYRG PSEC-PA Prospect Capital Corporation (NASDAQ:PSEC) is one of the Best Undervalued Stocks to Buy Under $5. The stock trades around a forward price to earnings ratio of 4.8, which is well below the S&P’s average and also below the sector median of 10.98.
Recently, on May 27, Prospect Capital Corporation (NASDAQ:PSEC) announced that it has agreed to sell Valley Electric Company, which is a firm in its investment portfolio. The sale will be made to specialty contractor MYR Group for approximately $328 million and is expected to close around July 1, 2026.
Management noted that after accounting for adjustments and earn-out payments, the company is expected to receive net exit proceeds of around $280 million. Moreover, when combined with prior returns from interest, dividends, and other cash flows since the original 2012 investment, the total outcome represents a 20.4% annualized return and nearly 5 times the original capital invested.