Prospect Capital Corporation (NASDAQ: PSEC) is a publicly traded business development company (BDC) listed on a major national exchange, meaning it does not fit the strict regulatory definition of an over-the-counter penny stock. While its absolute share price often trades below the traditional five-dollar threshold commonly associated informally with low-priced equities, it operates as a structured, regulated financial entity managing a multi-billion-dollar portfolio of secured debt and private equity investments.