MNV
Market News Video
MNV MNV 10 Stocks Crossing Below Their 200 Day Moving Average
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Cash Dividend On The Way From TCP Capital
Monday, March 13, 10:41 AM ET, by Market News Video Staff

On 3/15/17, TCP Capital Corp. (TCPC) will trade ex-dividend, for its quarterly dividend of $0.36, ...

Five BDCs With Rising Short Activity
Wednesday, April 12, 1:47 PM ET, by Market News Video Staff

The most recent short interest data has just been released for the 03/31/2017 settlement date, ...

Investors Bag TCPC Even Cheaper Than Its Secondary Stock Offering
Thursday, May 4, 11:11 AM ET, by Market News Video Staff

Looking back to 14 days ago, TCP Capital Corp. (TCPC) priced a 5,000,000 share secondary ...

TCPC Ex-Dividend Reminder - 6/14/17
Monday, June 12, 10:38 AM ET, by Market News Video Staff

On 6/14/17, TCP Capital Corp. (TCPC) will trade ex-dividend, for its quarterly dividend of $0.36, ...

Five BDCs With Rising Short Activity
Monday, June 12, 1:15 PM ET, by Market News Video Staff

The most recent short interest data has just been released for the 05/31/2017 settlement date, ...

  More articles:  1 2 next »

New 52-Week Low Could Prompt More Insider Buying At TCPC

By Market News Video Staff, Monday, February 5, 1:13 PM ET
Play Video: The Importance of ETFs


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

In trading on Monday, shares of TCP Capital Corp. (NASDAQ:TCPC) touched a new 52-week low of $14.61/share. That's a $2.86 share price drop, or -16.37% decline from the 52-week high of $17.47 set back on 04/03/2017. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for TCPC that means the stock would have to gain 19.58% to get back to the 52-week high. For a move like that, TCP Capital Corp. would need fundamental strength at the business level.

Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as TCPC shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, TCPC has seen 4 different instances of insiders buying over the past six months.

Purchased Insider Title Shares Price/Share Value
01/30/2018 Howard Levkowitz CEO 9,000 $15.27 $137,464.00
01/30/2018 Kathleen A. Corbet Director 2,500 $15.22 $38,041.50
01/31/2018 Brian F. Wruble Director 5,000 $15.26 $76,300.00
02/02/2018 Rajneesh Vig COO 5,000 $15.06 $75,321.50

In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where TCPC has traded over the past year, with the 50-day and 200-day moving averages included.

TCP Capital Corp. Moving Averages Chart

Time will tell whether the insider purchases foretell a future rebound for TCPC shares, which are presently showing a last trade of $14.75/share, slightly above the new 52-week low.


This Article's Word Cloud:   Bargains   Brian   Capital   Cheaper   Corbet   Corp   Director   Here   Howard   Insider   Insiders   Kathleen   Large   Levkowitz   Monday   Oftentimes   Price   Purchased   Rajneesh   Share   Shares   Start   TCPC   Than   That   Time   back   below   business   company   from   high   insiders   last   level   means   over   past   percentage   price   share   shares   stock   that   trade   week   were   whether   with   would
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Chart Zero Stock Market Game Stock Market Definitions
MNV

New 52-Week Low Could Prompt More Insider Buying At TCPC | Market News Video | Copyright © 2008 - 2018, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.