On November 19, 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 1,686,130.422 shares of the company. The transaction details are available in the SEC Filing.
Prospect Capital Corp is a business development company that primarily invests in middle-market companies. The company provides capital in the form of debt and equity investments, focusing on generating current income and long-term capital appreciation.
The insider's recent purchase is part of a broader trend of insider buying at Prospect Capital Corp. Over the past year, M Eliasek has acquired a total of 145,750 shares, with no recorded sales. This aligns with the overall insider activity at the company, which has seen 38 insider buys and no insider sells in the past year.
On the day of the purchase, shares of Prospect Capital Corp were trading at $4.50 each, resulting in a market cap of $2.028 billion. Investors may consider evaluating the company's valuation metrics, such as the GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, to gain further insights into 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.
