Monday, November 27, 2017 10:15 PM ET
Significant Insider purchase Extends the buy Trend of Last 90 Days in Shares of Prospect Capital (PSEC)
One insider — John F Barry, 10% Owner, Director and Officer — today, acquired 162,826 shares of Prospect Capital having a market value of approximately $1,094,126, as revealed 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 2,613,260 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 2,776,086 shares and have averaged 555,217 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Prospect Capital is higher than the 131-company peer group average. Closed End Funds peer group saw 107 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 28,385,330 shares purchased and 415,747 shares sold with company insiders acquiring 527,728 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 composing 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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