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John Barry, the Chief Executive Officer of Prospect Capital Corp. (NASDAQ:PSEC), recently purchased 24,000 shares of the company’s common stock. The acquisition, which took place on March 18, 2025, was made at a price of $4.3009 per share, amounting to a total transaction value of approximately $103,221. The purchase comes as PSEC trades near its 52-week low of $4.09, with the stock currently at $4.26. According to InvestingPro, the company offers an impressive 12.68% dividend yield.
Following this transaction, Barry holds a significant position in the company, with a total of 82,485,933.36 shares owned directly. Additionally, there are 338,872.745 shares held indirectly by his spouse. This move underscores Barry’s continued investment in Prospect Capital, a New York-based financial services company with a market capitalization of $1.88 billion. InvestingPro subscribers can access 6 additional key insights about PSEC, including detailed analysis of its dividend sustainability and financial health metrics.
In other recent news, Prospect Capital Corporation reported disappointing fourth-quarter 2024 financial results, with earnings per share (EPS) of -$0.07, falling short of the anticipated $0.14. Revenue also missed expectations, coming in at $185.5 million, compared to the projected $197.7 million. Despite these shortfalls, the company’s net investment income was reported at $86.4 million, or $0.20 per share, indicating a strong income stream. The firm continues to prioritize first lien debt, which now makes up 64.9% of its portfolio, showing a strategic focus on secured investments.
Analysts have not provided any recent upgrades or downgrades for Prospect Capital Corporation, but the company continues to maintain a diversified funding strategy. The firm’s net asset value stands at $3.4 billion, or $7.84 per share, with a net debt to total assets ratio of 28.1%. Prospect Capital has been active in middle market lending, with recent investments including a $65 million commitment to Taos Footwear. The company’s leadership, including CEO John Berry, emphasized their long-standing role in business development company (BDC) financing and highlighted their focus on generating attractive risk-adjusted yields.
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