Prospect Capital Corp (PSEC): Eugene S Stark , director of Prospect Capital Corp purchased 1,000 shares on May 12, 2016. The Insider buying transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were purchased at $7.45 per share for a total value of $7,450.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 3, 2016, M Grier Eliasek (COO) purchased 15,000 shares at $7.25 per share price.On Feb 24, 2016, John F Barry (CEO) purchased 1,100,000 shares at $6.95 per share price.Also, On Dec 16, 2015, Brian H Oswald (CFO) purchased 10,000 shares at $6.30 per share price.On Nov 13, 2015, Eugene S Stark (director) purchased 1,000 shares at $7.30 per share price.
Prospect Capital Corporation: On Friday, May 13, 2016 heightened volatility was witnessed in Prospect Capital Corporation which led to swings in the share price. The shares opened for trading at $7.5 and hit $7.57 on the upside , eventually ending the session at $7.57, with a gain of 0.53% or 0.04 points. The heightened volatility saw the trading volume jump to 15,43,021 shares. The 52-week high of the share price is $8.265 and the company has a market cap of $2,698 M . The 52-week low of the share price is at $5.21.
Prospect Capital Corporation is a financial services company. The Company is a non-diversified closed-end investment company. The Company’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions divestitures growth development recapitalizations and other purposes. The Company primarily lends to and invests in middle market privately-held companies. Its investments include lending in private equity sponsored transactions; lending directly to companies not owned by private equity firms; control investments in corporate operating companies; control investments in financial companies; investments in structured credit; real estate investments; investments in syndicated debt; aircraft leasing and online lending. The Company is managed by its investment adviser Prospect Capital Management L.P.