A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. 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 — 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 the ''top brass'' over the trailing six month period, one of which was a total of $508.4K by E. Ashton Poole, CEO at Triangle Capital Corporation (TCAP).

Click here to find out which other top insider buys by the ''top brass'' you need to know about »

Poole bets big on TCAP:
Purchased Insider Title Shares Price/Share Value
05/09/2016 E. Ashton Poole President and CEO 28,600 $17.78 $508,443.68

Poole's average cost works out to $17.78/share. In trading on Tuesday, bargain hunters could buy shares of Triangle Capital Corporation ( TCAP) and achieve a cost basis lower than Poole, with shares changing hands as low as $17.77 per share. Shares of Triangle Capital Corporation were changing hands at $17.97 at last check, trading up about 3.6% on Tuesday. 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 $14.91 per share, with $24.71 as the 52 week high point — that compares with a last trade of $17.97.

The current annualized dividend paid by Triangle Capital Corporation is $1.80/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 06/06/2016. 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. 10.4% annualized yield is likely to continue.


According to the ETF Finder at ETF Channel, TCAP makes up 2.72% of the BDC Income ETF ( BIZD) which is trading up by about 0.4% on the day Tuesday.