The CFO, CCO, Treasury & Secretary of Prospect Capital Corp (NASDAQ: PSEC) is Buying Shares

By Carrie Williams

Today, the CFO, CCO, Treasury & Secretary of Prospect Capital Corp (NASDAQ: PSEC), Brian Oswald, bought shares of PSEC for $85.15K.

This recent transaction increases Brian Oswald’s holding in the company by 2.25% to a total of $3.8 million. In addition to Brian Oswald, 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.

Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.