Notable Insider Trading: Prospect Capital Corporation $PSEC

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Prospect Capital Corporation (PSEC) insiders have most recently took part in a trading activity. On Dec 14, 2017 Eliasek M Grier, CHIEF OPERATING OFFICER bought 10,000 shares having total worth of $67,900 at the price of $6.79 per share, following the transaction a total of 1,142,196 shares owned by Eliasek M Grier. Before this latest buy, Eliasek M Grier purchased PSEC at 16 other times during the past twelve months, for a total investment of $20.32M at an average of $6.63 per share.

On the same day, Barry John F, CHIEF EXECUTIVE OFFICER, 10% Owner bought 368,756 shares having total worth of $2,514,916 at the price of $6.82 per share, following the transaction a total of 29,468,148 shares owned by Barry John F. Before this latest buy, Barry John F purchased PSEC at 16 other times during the past twelve months, for a total investment of $340.23M at an average of $6.73 per share.

The stock has experienced a total of 33 insider trades in the past three months. These trades include 33 buy trades. Furthermore, over the past 12 months , the stock was traded 42 times by insiders. an employee of the company was the buyer in 42 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 33 0 -16.11%
12 Month 42 0 -14%

Shares of Prospect Capital Corporation (PSEC) traded up 0.29% on Dec 15, 2017, hitting $6.82. 4,267,167 shares of the company’s stock traded hands. Prospect Capital Corporation has a 52 week low of $5.56 and a 52 week high of $9.53. The company’s market cap is $2,950 million.

Prospect Capital Corporation (PSEC) last announced its earnings results on Nov 8, 2017. The company reported 0.18 earnings per share (EPS) for the quarter, lower than the consensus estimate of 0.19 by $0.01. The company had revenue of $159 million for the quarter, compared to the consensus estimate of $166 million. During the same quarter in the previous year, the company posted 0.22 earnings per share. The company’s revenue for the quarter was down 12% on a year-over-year basis.

2017-11-08 2017-08-28 2017-05-09 2017-02-08 2016-11-08 2016-08-29 2016-05-10 2016-02-09 2015-11-04 2015-08-26
earnings per share 0.18 0.19 0.20 0.24 0.22 0.25 0.25 0.28 0.26 0.26
Revenue(M) 158.58 166.7 171.03 183.48 179.83 193.04 189.49 209.19 200.25 198.83

Prospect Capital Corporation was incorporated in the State of Maryland. The Company provides capital to middle-market companies and private equity financial sponsors for refinancing, leveraged buyouts, acquisitions, recapitalizations, later-stage growth investments, and capital expenditures. It invests in senior and subordinated debt and equity of companies in need of capital for acquisitions, divestitures, growth, development and recapitalization. The Company currently has seven origination strategies in which it makes investments: lending in private equity sponsored transactions, lending directly to companies not owned by private equity firms, control investments in corporate operating companies, control investments in financial companies, investments in structured credit, real estate investments and investments in syndicated debt. The Company’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It seeks to maximize returns and protect risk for its investors by applying rigorous credit analysis to make and monitor its investments.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.