A Director at Prospect Capital Corp (NASDAQ: PSEC) is Buying Shares

By Carrie Williams

Today, a Director at Prospect Capital Corp (NASDAQ: PSEC), Eugene Stark, bought shares of PSEC for $16.3K.

Following this transaction Eugene Stark’s holding in the company was increased by 5.71% to a total of $240.3K. In addition to Eugene Stark, 2 other PSEC executives reported Buy trades in the last month.

PSEC’s market cap is $2.88B and the company has a P/E ratio of 8.09. The company has a one year high of $9.58 and a one year low of $7.07. Currently, Prospect Capital Corp has an average volume of 3.61M.

Five different firms, including Cantor Fitzgerald and Deutsche Bank, currently also have a Buy rating on the stock.

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Prospect Capital Corp. is a business development company that invests in middle-market companies with an EBITDA of $5 to $150 million, revenues less than $750 million, and enterprise values of less than $1 billion primarily located in the US and Canada. The fund targets companies operating across a wide variety of industries including manufacturing, industrials, consumer services, consumer products, energy, business services, financial services, food, healthcare, and media. It invests primarily in the form of first-lien and second-lien senior loans and mezzanine debt for refinancing, leveraged buyouts, acquisitions, recapitalizations, and later-stage growth investments. It makes investments in the range of $20 to $400 million per transaction. It acquires control positions and makes co-investments. It also invests in equity and subordinated debt tranches of collateralized loan obligations.