New insider activity at Prospect Capital ( (PSEC) ) has taken place on March 21, 2025.
Director William Gremp has made a significant investment by purchasing 19,100 shares of Prospect Capital stock, valued at $81,983. In a similar move, CEO John F. Barry has acquired 24,000 shares, with a total purchase value of $103,200. These transactions highlight a strong vote of confidence in the company’s future from its top executives.
Recent Updates on PSEC stock
In recent developments, Prospect Capital’s stock has been influenced by several key factors. The CEO, John Barry, made a significant insider purchase of 240,000 shares, totaling $1.01 million, which often signals confidence in the company’s future prospects. Additionally, Prospect Capital’s portfolio company, Town & Country Living, is expanding its product line by showcasing new pet accessories, potentially enhancing the company’s growth outlook. However, there are concerns regarding Prospect Capital’s incentive fee structure and credit headwinds, which have led to a sell rating from some analysts. These factors, combined with the company’s latest financial performance, including a decrease in net investment income compared to the previous year, have contributed to mixed market reactions and adjustments in price targets.
More about Prospect Capital
YTD Price Performance: 0.95%
Average Trading Volume: 2,785,933
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.92B