A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At Triangle Capital Corporation (TCAP), 5 different insiders purchased 47,600 shares at an average price of $17.68/share, for a total of $841,333, with the most recent purchase on May 13, 2016.

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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. So when multiple insiders all decide to make purchases around the same time, it could be a strong indication that the stock is undervalued. Below is a table summarizing the insider buys that make up this "cluster":

Purchased Insider Title Shares Price/Share Value
05/09/2016 E. Ashton Poole President and CEO 28,600 $17.78 $508,443.68
05/09/2016 Steven C. Lilly CFO and Secretary 6,000 $17.64 $105,859.80
05/09/2016 Brent P. W. Burgess Chief Investment Officer 6,000 $17.25 $103,500.00
05/09/2016 Sherwood Hubbard Smith Jr. Director 4,000 $17.12 $68,480.00
05/13/2016 Benjamin S. Goldstein Director 3,000 $18.35 $55,050.00

The chart below shows the one year performance of TCAP shares, versus its 200 day moving average. Note that 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 $18.57, with shares currently trading off about 0.5% on the day.

Triangle Capital Corporation Chart

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. 9.7% annualized yield is likely to continue.


According to the ETF Finder at ETF Channel, TCAP makes up 3.12% of the BDC Income ETF ( BIZD) which is trading lower by about 0.1% on the day Tuesday.