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ByAinvest
Thursday, Sep 25, 2025 5:05 pm ET1min read
Prospect Capital CEO John Barry acquired 384,000 shares of PSEC at an average price of $2.66 apiece, bringing his total holdings to 84.4M shares, or 18% of the company. This move suggests Barry has confidence in the business development company's prospects and may indicate a positive outlook for its future performance.
Prospect Capital Corp (NASDAQ: PSEC) Chief Executive Officer Barry John F. recently purchased 384,000 shares of the company's common stock at an average price of $2.66 apiece, according to a filing on September 22, 2025. This transaction, valued at $1,017,216, brings his total holdings to 84,400,000 shares, representing an 18% stake in the business development company [1].The acquisition comes at a time when PSEC is trading near its 52-week low of $2.57, while maintaining a robust 20.85% dividend yield. Despite a challenging 34% decline in the stock's value over the past six months, Prospect Capital has maintained its dividend payments for 22 consecutive years [1].
The purchase could indicate a positive outlook from Barry John F. on the company's future prospects. Additionally, it follows recent earnings results that presented a mixed picture for investors. Prospect Capital reported an earnings per share (EPS) of $0.17, exceeding analysts' expectations by 30.77%. However, the company's revenue fell short of projections, coming in at $166.95 million compared to the anticipated $171.35 million [1].
Technical indicators suggest that the stock is in oversold territory, providing additional insights and opportunities for investors through platforms like InvestingPro [2]. Analysts are likely to consider these recent developments in their future evaluations of Prospect Capital's performance.
Investors may want to keep an eye on further developments and any additional insights from analysts regarding Prospect Capital's financial health. These recent developments could influence future strategies and decisions by the company and its stakeholders.
References
[1] https://www.investing.com/news/insider-trading-news/barry-john-f-prospect-capital-ceo-buys-997k-in-psec-stock-93CH-4254023
[2] https://www.investing.com/equities/prospect-capital
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