CEO Barry Buys 2 Million PSEC Shares for $8.6 Million

Prospect Capital Corporation $PSEC CEO John F. Barry III made another splash, this time with a massive $8.58 million buy. He reported this 2,000,000 share purchase in a Form 4 filing on Friday.

When the top exec puts this kind of skin in the game, it’s time to sit up and pay attention.

Here’s The Hot Corner, with data from December 27, 2024:

And that’s not all! Hedge fund heavyweight EcoR1 Capital LLC is doubling down on biotech.

The firm added $1.8 million worth of Zymeworks Inc $ZYME to its portfolio, upping its stake to 21.5%. ZYME is now EcoR1’s fifth-largest holding.