Prospect Capital rises after CEO makes $1 million stock purchase

** Business development company Prospect Capital's PSEC.O shares rise 2.3% to $2.67 premarket

** CEO John Barry bought $997,219 worth of PSEC shares, according to regulatory filing late Wednesday

** Market participants tend to track trading activity of executives as investors believe insiders could have clearer view of company's outlook

** Lone analyst covering stock has "sell" rating and $2.50 PT - data compiled by LSEG

** As of last close, PSEC stock down 39.4% YTD