Insiders Are Spending Big: 15 Stocks Leading in March

12. Prospect Capital Corporation (NASDAQ:PSEC)

Total Value of Insider Purchases In March: $12.73 million

Market Capitalization: $1.9 billion

Prospect Capital is a business development company that invests in middle-market and later-stage businesses through secured loans, mezzanine debt, private equity, and real estate financing. Its diversified portfolio includes industries such as manufacturing, energy, healthcare, and media. On January 31, 2025, Prospect Capital announced a $65 million investment in Taos Footwear via senior secured loans and preferred equity. It is one of the 12 cash-rich penny stocks to buy according to hedge funds.

For the fiscal quarter ended December 31, 2024, Prospect Capital reported a net loss of $30.99 million, compared to a net loss of $51.44 million in the same period of 2023. The company has long-term debts that will be paid off over the next 27 years. As of December 2024, Prospect Capital had $1.9 billion in available cash and credit, and $4.8 billion of its assets were free from any debt or obligations.

In March, two insiders, including the company’s CEO, acquired a total of $12.73 million worth of Prospect Capital shares at an average price of $4.27 per share. Year-to-date the stock is down 0.93%, trading at $4.27 per share. Over the past 12 months, Prospect Capital shares declined 21.79%.

According to MarketBeat, one analyst gave Prospect Capital a “Sell” rating with a price target of $4.50, indicating a potential upside of 5.26% from the latest price.