On November 22, 2024, M Eliasek, the Chief Operating Officer of Prospect Capital Management, purchased 5,000 shares of Prospect Capital Corp (PSEC, Financial). This transaction was documented in a SEC Filing. Following this acquisition, the insider now holds a total of 1,701,130.422 shares in the company.
Prospect Capital Corp is a business development company that primarily invests in middle-market companies across various industries. The company provides capital in the form of debt and equity investments, focusing on generating current income and long-term capital appreciation.
The recent purchase by M Eliasek is part of a broader trend of insider buying within the company. Over the past year, the insider has acquired a total of 145,000 shares and has not sold any shares. This activity aligns with the overall insider transaction history for Prospect Capital Corp, which shows 43 insider buys and no insider sells over the same period.
Shares of Prospect Capital Corp were trading at $4.72 each on the day of the insider's recent purchase. This price gives the stock a market cap of $2.067 billion.
For investors, insider buying can be a signal of confidence in the company's future prospects. The consistent buying activity by M Eliasek and other insiders may indicate a positive outlook for Prospect Capital Corp.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
