Friday, November 24, 2017 10:15 PM ET
Prospect Capital (PSEC) sees Significant Insider buy Extending Trend of purchases over Last Quarter
An insider — John F Barry, 10% Owner, Director and Officer — bought 1,043,386 shares of Prospect Capital having a market value of approximately $7,194,773 today, 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 acquisition of 1,569,874 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 2,613,260 shares and have averaged 522,652 shares per transaction over this time period.
The number of insider buy/sell trades at Prospect Capital is above the 131 peer company average over the last 90-day period. The Closed End Funds peer group saw 101 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 27,339,184 shares purchased and 414,887 shares sold with company insiders acquiring 538,486 shares on average.
The data sourced in evaluating and writing in this story eliminates 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.
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