On November 18, 2024, M Eliasek, Chief Operating Officer of Prospect Administration LLC, purchased 5,000 shares of Prospect Capital Corp (PSEC, Financial). Following this transaction, the insider now owns 1,681,130.422 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 151,750 shares and has not sold any shares. This activity aligns with the overall insider transaction history for the company, which shows 37 insider buys and no insider sells over the same period.
On the day of the recent purchase, shares of Prospect Capital Corp were trading at $4.46 each, resulting in a market cap of $2.002 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 be explored for a comprehensive analysis.
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