Tuesday, November 14, 2017 10:15 PM ET
Prospect Capital (PSEC) Insiders Make Significant Share purchases Continuing the Trend of Last 90 Days
There were noteworthy insider purchases of Prospect Capital shares today, as revealed in filings with the SEC as three insiders — Brian H Oswald, Officer, M Grier Eliasek, Director and Officer, and John F Barry, Director and Officer — purchased 392,991 shares in the company having a net market value of approximately $2,241,028. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the purchase of 51,000 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 443,991 shares and have averaged 88,798 shares per transaction over this time period.
The number of insider buy/sell trades at Prospect Capital is greater than that of the 130 peer company average over the last 90-day period. The Closed End Funds peer group saw 81 buy/sell trades during this period for an average of 0.6 transactions per company. However, the number of shares traded per transaction by Prospect Capital insiders is lower than its peers. Within the peer group there were 25,464,303 shares purchased and 451,211 shares sold with company insiders acquiring 676,030 shares on average over this time period.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data sourced to create and write this story.
Today’s Insider Activity
* Brian H Oswald, Officer, bought 35,000 shares
* M Grier Eliasek, Director and Officer, bought 65,000 shares
* John F Barry, Director and Officer, bought 292,991 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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