On November 29, 2024, M Eliasek, Chief Operating Officer of Prospect Administration LLC, purchased 210,000 shares of Prospect Capital Corp (PSEC, Financial). Following this transaction, the insider now holds 2,131,130.422 shares of the company. The transaction details are available in the SEC Filing.
Prospect Capital Corp is a business development company that primarily provides capital to middle-market companies in the United States. The company offers a range of financial solutions, including 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 545,000 shares and has not sold any shares. The overall insider transaction history for Prospect Capital Corp indicates 44 insider buys and no insider sells in the past year.
Shares of Prospect Capital Corp were trading at $4.81 each on the day of the insider's recent purchase. This price gives the stock a market cap of $1.984 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 be worth noting for those interested in the stock's potential.
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.
