Insider Buying at Prospect Capital (PSEC) is Significant and Extends Trend of Last Quarter

Thursday, December 14, 2017 10:15 PM ET

Insider Buying at Prospect Capital (PSEC) is Significant and Extends Trend of Last Quarter

Two insiders — M Grier Eliasek, Director and Officer, and John F Barry, 10% Owner, Director and Officer — acquired 274,937 shares of Prospect Capital having a market value of approximately $1,875,597 today, as revealed in form 4 documents filed with the SEC. There have been 3 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 4,732,655 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 5,007,592 shares and have averaged 1,001,518 shares per transaction over this time period.

Insiders at Prospect Capital have a higher number of buy/sell transactions than the 132-peer company average over the last 90-day period. The Closed End Funds peer group saw 145 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Prospect Capital insiders was also higher. Within the peer group there were 30,768,342 shares purchased and 427,747 shares sold with company insiders having bought 452,845 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to evaluate and write this story.

Today’s Insider Activity
* M Grier Eliasek, Director and Officer, bought 10,000 shares
* John F Barry, 10% Owner, Director and Officer, bought 264,937 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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