TCAP Selling Below CEO's Recent Buy Price

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 12, Triangle Capital Corporation's CEO, Garland S. Tucker III, invested $24,779.00 into 1,100 shares of TCAP, for a cost per share of $22.53. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

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In trading on Monday, bargain hunters could buy shares of Triangle Capital Corporation ( TCAP) and achieve a cost basis even cheaper than Tucker III, with shares changing hands as low as $22.35 per share. Triangle Capital Corporation shares are currently trading off about 0.7% on the day. The chart below shows the one year performance of TCAP shares, versus its 200 day moving average:

Triangle Capital Corporation Chart

Looking at the chart above, TCAP's low point in its 52 week range is $21.68 per share, with $29.95 as the 52 week high point — that compares with a last trade of $22.40. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/12/2014 Garland S. Tucker III Chairman and CEO 1,100 $22.53 $24,779.00

The current annualized dividend paid by Triangle Capital Corporation is $2.16/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/08/2014. Below is a long-term dividend history chart for TCAP, which can be of good help in judging whether the most recent dividend with approx. 9.6% annualized yield is likely to continue.

TCAP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, TCAP makes up 3.52% of the BDC Income ETF ( BIZD) which is trading lower by about 0.2% on the day Monday.

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