Top Buys By Directors: Smith Jr.'s $107.8K Bet On TCAP

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $107.8K by Sherwood Hubbard Smith Jr., Director at Triangle Capital Corporation ( TCAP).

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Smith Jr. bets big on TCAP:
Purchased Insider Title Shares Price/Share Value
12/04/2014 Sherwood Hubbard Smith Jr. Director 5,000 $21.56 $107,800.00

Smith Jr.'s average cost works out to $21.56/share. Shares of Triangle Capital Corporation were changing hands at $23.76 at last check, trading off about 0.1% on Wednesday. The chart below shows the one year performance of TCAP shares, versus its 200 day moving average:

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