Insider Bets Paying Off At TCPC As New 52-Week High Reached

In trading on Monday, shares of TCP Capital Corp. (TCPC) touched a new 52-week high of $16.98/share. That's a 18.00% rise, or $2.59 per share from the 52-week low of $14.39 set back on 12/13/2012. That means at today's intraday high, any investor who purchased TCPC stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, TCPC has seen 4 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
06/05/2013 Franklin Johnson Director 3,193 $15.70 $50,126.59
08/13/2013 Howard Levkowitz CEO/Officer of Advisor 10,000 $15.28 $152,750.00
08/16/2013 Franklin Johnson Director 3,280 $15.23 $49,954.40
08/19/2013 Eric John Draut Director 1,000 $15.05 $15,050.00
08/19/2013 Peter E. Schwab Director 2,000 $15.15 $30,291.60

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

In afternoon trading on Monday, TCPC shares are changing hands at $16.96/share, slightly below the new 52-week high.

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