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Cash Dividend On The Way From TCP Capital
Monday, September 13, 11:17 AM ET, by Market News Video Staff

On 9/15/21, TCP Capital Corp. (TCPC) will trade ex-dividend, for its quarterly dividend of $0.30, ...

TCPC Named Top 10 Financial at Dividend Channel With 8.52% Yield
Tuesday, September 14, 7:21 AM ET, by Market News Video Staff

TCP Capital Corp. (TCPC) has been named as a Top 10 dividend-paying financial stock, according ...

TCPC Crosses Below Key Moving Average Level
Wednesday, November 10, 5:19 PM ET, by Market News Video Staff

In trading on Wednesday, shares of TCP Capital Corp. (TCPC) crossed below their 200 day ...

TCP Capital Becomes Oversold
Friday, November 19, 11:52 AM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

Reminder - TCP Capital (TCPC) Goes Ex-Dividend Soon
Tuesday, December 14, 10:27 AM ET, by Market News Video Staff

On 12/16/21, TCP Capital Corp. (TCPC) will trade ex-dividend, for its quarterly dividend of $0.30, ...

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

By Market News Video Staff, Friday, May 20, 1:07 PM ET
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In trading on Friday, shares of TCP Capital Corp. (NASDAQ:TCPC) touched a new 52-week low of $12.60/share. That's a $2.45 share price drop, or -16.28% decline from the 52-week high of $15.05 set back on 06/08/2021. 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 19.44% 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 3 different instances of insiders buying over the past six months.

Purchased Insider Title Shares Price/Share Value
11/22/2021 Erik L. Cuellar CFO 250 $13.63 $3,406.70
12/01/2021 Rajneesh Vig CEO 7,500 $13.38 $100,350.00
11/30/2021 Karyn Leigh Williams Director 150 $13.28 $1,992.00

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 $12.59/share, slightly above the new 52-week low.


This Article's Word Cloud:   Bargains   Capital   Cheaper   Corp   Cuellar   Director   Erik   Friday   Here   Insider   Insiders   Karyn   Large   Leigh   Oftentimes   Price   Purchased   Rajneesh   Share   Shares   Start   TCPC   Than   That   Time   Title   back   below   business   company   from   high   insiders   last   level   means   over   past   percentage   price   share   shares   stock   that   trade   week   were   whether   with   would
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