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In a recent transaction disclosed in a Form 4 filing with the Securities and Exchange Commission, John F. Barry III, the Chief Executive Officer of Prospect Capital Corp (NASDAQ:PSEC), purchased 24,000 shares of the company’s common stock. The acquisition, made on March 24, 2025, was executed at a price of approximately $4.24 per share, totaling $101,680. The purchase comes as PSEC trades near its 52-week low of $4.09, with the stock currently offering a substantial 12.74% dividend yield. According to InvestingPro, the company has maintained dividend payments for 22 consecutive years.
Following this transaction, Barry directly owns over 82.5 million shares of Prospect Capital. Additionally, he indirectly holds 342,446 shares through his spouse. This latest purchase underscores Barry’s ongoing stake in the company, where he also serves as a director and a significant shareholder. With a market capitalization of $1.87 billion, this insider buying activity comes at an interesting time. InvestingPro offers deeper insights into PSEC’s insider trading patterns and financial health metrics through its comprehensive Pro Research Report, available for over 1,400 US stocks.
In other recent news, Prospect Capital Corporation reported its fourth-quarter 2024 earnings, missing expectations with an earnings per share (EPS) of -$0.07 compared to the anticipated $0.14. The company’s revenue also fell short, reaching $185.5 million against the forecasted $197.7 million. Despite these results, the company managed to achieve a net investment income of $86.4 million, or $0.20 per share. Prospect Capital’s portfolio now consists of 64.9% first lien debt, indicating a strategic focus on secured investments. The company’s net asset value (NAV) stood at $3.4 billion, or $7.84 per share, while its net debt to total assets ratio was 28.1%. Analysts have not reported any upgrades or downgrades for Prospect Capital, but the company continues to pursue its strategy of rotating assets into first lien senior secured middle market loans. Prospect Capital also announced plans to continue distributing monthly common shareholder dividends of $0.045 per share for the upcoming months. The firm remains committed to maintaining a diversified funding strategy and reducing counterparty risk.
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