Tuesday, February 13, 2018 10:15 PM ET
Insider Makes Significant Stock buy in Prospect Capital (PSEC) Shares Extends the Trend of Last 90 Days
One insider — John F Barry, 10% Owner, Director and Officer — today, purchased 467,178 shares of Prospect Capital having a market value of approximately $3,144,482, as disclosed in a form 4 document filed with the SEC. There have been 2 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 8,378,434 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 8,845,612 shares and have averaged 2,948,537 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at Prospect Capital is greater than the 143-company peer group average. Closed End Funds peer group saw 169 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 9,803,393 shares purchased and 1,251,016 shares sold with company insiders acquiring 117,156 shares on average.
In determining significant insider buying and selling, 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 sourced to evaluate and write 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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