Prospect Capital CEO John Barry buys $103,130 in stock

John Barry, the Chief Executive Officer of Prospect Capital Corp (NASDAQ:PSEC), recently acquired additional shares in the company. According to a regulatory filing, Barry purchased 24,000 shares of Prospect Capital on March 19, 2025, at an average price of $4.2971 per share. This transaction totaled approximately $103,130. The purchase price was near the stock’s 52-week low of $4.09, with the current share price at $4.23. InvestingPro data shows the company offers a significant 12.7% dividend yield. Following this acquisition, Barry’s direct ownership in the company increased to over 82.5 million shares in the $1.88 billion market cap company. InvestingPro analysis reveals several additional key metrics and insights, with more than 5 additional ProTips available for subscribers, including detailed dividend sustainability analysis and financial health indicators.

In other recent news, Prospect Capital Corporation reported its fourth-quarter 2024 earnings, which fell short of expectations. The company posted an earnings per share (EPS) of -$0.07, missing the forecasted $0.14. Additionally, revenue came in at $185.5 million, below the anticipated $197.7 million. Despite these results, Prospect Capital’s net investment income was $86.4 million, or $0.20 per share, suggesting a steady income stream. The company’s portfolio continues to focus on first lien debt, comprising 64.9% of its investments. Analyst firms have not yet provided any upgrades or downgrades in response to these financial results. Prospect Capital maintains a strategy of rotating assets into first lien senior secured middle market loans. The company also plans to reinvest asset sale proceeds into value-add capital expenditures. These developments reflect Prospect Capital’s ongoing financial and strategic adjustments.

Prospect Capital CEO John Barry buys $103,130 in stock

Prospect Capital Corp (NASDAQ:PSEC), led by CEO John Barry, recently purchased 24,000 shares on March 19, 2025, at an average price of $4.2971 per share, totaling approximately $103,130. This purchase comes amidst the company's fourth-quarter 2024 earnings, which fell short of expectations, with an EPS of -$0.07 and revenue of $185.5 million, below forecasts. Despite these challenges, the company's net investment income remained strong at $86.4 million, or $0.20 per share.