On November 26, 2024, M Eliasek, Chief Operating Officer of Prospect Capital Management, acquired 5,000 shares of Prospect Capital Corp (PSEC, Financial). This transaction was documented in a SEC Filing. Following this purchase, the insider now holds 1,711,130.422 shares of 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 senior and subordinated debt, as well as equity investments.
The recent purchase by M Eliasek is part of a broader trend of insider buying at Prospect Capital Corp. Over the past year, the insider has acquired a total of 135,000 shares and has not sold any shares. This activity aligns with the overall insider transaction history for the company, which shows 43 insider buys and no insider sells in the past year.
On the day of the recent purchase, shares of Prospect Capital Corp were trading at $4.72 each, resulting in a market cap of $2.084 billion. Investors may consider this insider buying activity as a potential indicator of confidence in the company's future prospects.
For further valuation metrics, the stock's GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow can provide additional insights into the stock's valuation.
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.
