Prospect Capital (PSEC) sees Significant Insider buy Extending Trend of purchases over Last Quarter

Monday, March 05, 2018 10:15 PM ET

Prospect Capital (PSEC) sees Significant Insider buy Extending Trend of purchases over Last Quarter

Substantial insider buying activity was disclosed in Prospect Capital shares in a form 4 document filed with the SEC today, showing — John F Barry, 10% Owner, Director and Officer — acquired 511,383 shares in the company having a net market value of approximately $3,379,399. 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 acquisition of 5,998,622 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 6,510,005 shares and have averaged 2,170,002 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 144-company peer group average. Closed End Funds peer group saw 136 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Prospect Capital insiders was also higher. Within the peer group there were 7,126,206 shares purchased and 1,219,000 shares sold with company insiders acquiring 118,144 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 compose 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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