CEO John Barry Reveals a $4.7 Million PSEC Purchase

The most notable insider transaction today is revealed in a Form 4 filing by John F. Barry, CEO of Prospect Capital Corporation $PSEC.

Barry revealed an additional purchase of PSEC shares with a total value of $4.7 million.

After a 50% drawdown in recent years, PSEC pays a sky-high 11.4% dividend. The company announced its first cut since 2017 just a few weeks ago, causing a 20% selloff in the stock. 

PSEC has established a tradable low and rebounded in the weeks since, and now the CEO is stepping in with $13 million in share purchases.

It sure looks like brighter days are ahead for this battered financial stock.

Another CEO on today's list is Gregory S. Daily of i3 Verticals $IIIV. The chief executive just reported a purchase of 88,544 shares worth $2.1 million, underscoring significant confidence in the stock.

Here’s The Hot Corner, with data from November 26, 2024:

Our only Schedule 13 today comes from Starboard Value, which has disclosed a 5.9% active stake in Healthcare Realty Trust.

The hedge fund acquired 20,903,000 shares, making $HR one of the top five holdings in its portfolio.

Starboard is known for unlocking value in underperforming companies, often through operational improvements or strategic moves. Its stake in HR suggests it sees untapped potential.

The stock has been carving out a bearish-to-bullish reversal pattern for over a year now...