Wednesday, November 22, 2017 10:15 PM ET
Prospect Capital (PSEC) Insider Makes Significant Share purchase Extending the Buying Trend over Last Quarter
One Prospect Capital insider — John F Barry, 10% Owner, Director and Officer — today, bought 995,883 shares having a market value of approximately $6,948,375, as disclosed in a form 4 document filed with the SEC. There have been 4 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 573,991 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 1,569,874 shares and have averaged 313,975 shares per transaction over this time period.
Insiders at Prospect Capital have a higher number of buy/sell transactions than the 131-peer company average over the last 90-day period. The Closed End Funds peer group saw 100 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Prospect Capital insiders was also higher. Within the peer group there were 26,357,460 shares purchased and 414,887 shares sold with company insiders acquiring 529,440 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating 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 in evaluating and writing this story.
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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