Significant Insider Buying of Prospect Capital (PSEC) Shares Extends the Trend of Last 90 Days

Wednesday, December 27, 2017 10:15 PM ET

Significant Insider Buying of Prospect Capital (PSEC) Shares Extends the Trend of Last 90 Days

Insiders at Prospect Capital have a higher number of buy/sell trades than the 139-peer company average over the last 90-day period. The Closed End Funds peer group saw 173 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 9,048,102 shares purchased and 427,747 shares sold with company insiders acquiring 121,413 shares on average.

To bring into focus significant insider buying and selling activity, 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 has been eliminated in data obtained 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 993,900 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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