 |
 |
 |
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Bag This Bargain 13.0% Yield Dividend Stock Even Cheaper Than Director Stark DidBy Dividend Channel Staff, Monday, November 21, 11:22 AM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 16, Prospect Capital Corporation's Director, Eugene S Stark, invested $4,725.00 into 500 shares of PSEC, for a cost per share of $9.45. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Monday, bargain hunters could buy shares of Prospect Capital Corporation (NASDAQ:PSEC) and achieve a cost basis 3.7% cheaper than Stark, with shares changing hands as low as $9.10 per share. Prospect Capital Corporation shares are currently trading down about 2.7% on the day. The chart below shows the one year performance of PSEC shares, versus its 200 day moving average:
Looking at the chart above, PSEC's low point in its 52 week range is $7.41 per share, with $12.38 as the 52 week high point — that compares with a last trade of $9.11. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
The current annualized dividend paid by Prospect Capital Corporation is $1.22/share, currently paid in monthly installments, and its most recent dividend has an upcoming ex-date of 11/28/2011. Below is a long-term dividend history chart for PSEC, which can be of good help in judging whether the most recent dividend with approx. 13.0% annualized yield is likely to continue.
According to the ETF Finder at ETF Channel, PSEC makes up 2.79% of the SPDR S&P Capital Markets ETF (AMEX:KCE) which is trading lower by about 2.8% on the day Monday. See what other ETFs contain PSEC » Free Trial: ''ETF CHANNEL FLEXIBLE GROWTH INVESTMENT PORTFOLIO'' The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
Find the right mix of model portfolios today at PortfolioChannel.com
This Article's Word Cloud:
Barry
Brian
Capital
Chief
Corporation
Director
Eugene
FFFFFF
Monday
Officer
Operating
Oswald
PSEC
Prospect
Stark
Treasury
about
annualized
asset
below
cash
chart
cost
currently
dividend
escape
hunters
insider
most
only
other
paid
performance
point
portfolio
reason
recent
share
shares
stock
stocks
that
their
there
this
trading
week
what
which
with
|
Now Playing:
One Reason For Insiders to Buy
Start slideshow: