PSEC CEO John Barry Increases Stake with Significant Purchase

John Barry, the CEO of PSEC, made a notable move by purchasing 1 million shares of the company on June 22, 2026. The shares were acquired at an average price of $2.25 each, amounting to a total investment of $2.25 million. This transaction was not part of a prearranged trading plan, indicating a direct decision by Barry to increase his stake in the company.

Insider Buying and Selling at Prospect Capital Corporation

In addition to the recent purchase, John Barry has been actively buying shares, with previous transactions including 433,000 shares at $2.32 on May 26, 2026, and 232,000 shares at $2.32 on May 22, 2026. These continuous purchases suggest a strong commitment to the company's prospects. Another executive, Chief Operating Officer Grier Eliasek, also bought 942,800 shares at $2.92 on February 11, 2026.

Other Institutional Activity in PSEC

Institutional investors have been active in PSEC as well. Two Sigma Investments, LP grew its holdings by 9,316,639 shares, ending with 15,849,407 shares worth about $41.37 million, a 142.6% increase. Private Management Group Inc added 10,310,442 shares, bringing its total to 13,535,291 shares valued at $35.33 million, reflecting a 319.7% increase. On the other hand, Van Eck Associates Corp reduced its stake by 2,347,674 shares, now holding 7,296,734 shares worth approximately $19.04 million, marking a 24.3% decrease. UBS Group AG increased its position by 483,382 shares, holding 5,473,368 shares valued at $14.29 million, a 9.7% rise. Meanwhile, Marshall Wace, LLP cut its holdings by 1,462,296 shares, now holding 4,751,220 shares worth $12.40 million, a 23.5% decrease.

Prospect Capital Corporation Stock Down 1.3%

Shares of PSEC traded near $2.22 on Thursday. The stock has seen varied activity from institutional investors, reflecting differing views on its potential. The stock's performance and insider activity are being closely watched by the market.

Analysts Set New Price Targets

On May 12, 2026, Wells Fargo maintained its 'sell' rating on PSEC, setting a price target of $2.00. This reflects a cautious outlook on the stock's future performance. The consensus among analysts remains cautious, with a 'sell' recommendation prevailing.

Bottom Line

John Barry's substantial purchase of PSEC shares underscores his confidence in the company's future. While insider buying can be a positive signal, it's important to note that these transactions reflect personal decisions and may not align with the broader market perspective. As always, 13F filings and insider transactions are backward-looking and should be considered in the context of the company's overall financial health and market conditions.