Insiders Make Significant Stock Buys in Prospect Capital (PSEC) Shares Extending the 90 day Trend

Thursday, December 21, 2017 10:15 PM ET

Insiders Make Significant Stock Buys in Prospect Capital (PSEC) Shares Extending the 90 day Trend

Two insiders — M Grier Eliasek, Director and Officer, and John F Barry, 10% Owner, Director and Officer — acquired 460,000 shares of Prospect Capital having a market value of approximately $3,185,515 today, as disclosed 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 6,429,031 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 6,889,031 shares and have averaged 1,377,806 shares per transaction over this time period.

Prospect Capital insider trading represents a level of buy/sell trades that is above for the 138 peer company average over the last 90-day period. The Closed End Funds peer group saw 166 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Prospect Capital insiders was also higher. Within the peer group there were 32,699,180 shares purchased and 427,747 shares sold with company insiders acquiring 442,074 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 creating and writing 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 450,000 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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