Prospect capital CEO John Barry buys $1.03 million in shares

John Barry, the Chief Executive Officer of Prospect Capital Corp (NASDAQ:PSEC), has made a significant purchase of the company’s stock. According to a recent SEC filing, Barry acquired 240,000 shares of Prospect Capital on March 17, 2025, at an average price of $4.3046 per share. This transaction amounts to a total value of approximately $1.03 million. The purchase comes as the stock trades near its 52-week low of $4.09, with a current dividend yield of ~12.5%. InvestingPro data shows the company has maintained dividend payments for 22 consecutive years.

Following this acquisition, Barry’s total direct holdings in the company have increased to over 82.4 million shares. Additionally, Barry’s indirect holdings, attributed to his spouse, remain at 338,872 shares. This move could reflect Barry’s confidence in the company’s prospects, though investors will draw their own conclusions. For deeper insights into insider trading patterns and additional analysis, subscribers can access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Prospect Capital Corporation reported its fourth-quarter 2024 earnings, revealing a notable shortfall in both earnings and revenue. The company recorded an earnings per share (EPS) of -$0.07, significantly missing the forecast of $0.14. Revenue also fell short, reaching $185.5 million compared to the expected $197.7 million. Despite these results, Prospect Capital’s net investment income was $86.4 million, or $0.20 per share, indicating a strong income stream amidst the overall miss. The company’s portfolio remains focused on first lien debt, which now constitutes 64.9% of its holdings. Analysts have not provided any recent upgrades or downgrades for the company. Furthermore, Prospect Capital plans to continue its strategy of rotating assets into first lien senior secured middle market loans. This aligns with the company’s focus on maintaining a diversified funding strategy and enhancing portfolio company performance.

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