Markets

Friday 7/13 Insider Buying Report: TCRD, MVC

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy - they expect to make money. So let's look at two noteworthy recent insider buys.

At THL Credit ( TCRD ), a filing with the SEC revealed that on Monday, CFO Terrence W. Olson purchased 56,409 shares of TCRD, for a cost of $8.18 each, for a total investment of $461,217. Investors are able to snag TCRD at a price even lower than Olson did, with shares trading as low as $8.08 at last check today - that's 1.2% below Olson's purchase price. THL Credit is trading off about 0.7% on the day Friday. Before this latest buy, Olson purchased TCRD on 12 other occasions during the past year, for a total cost of $5.98M at an average of $7.92 per share.

And at MVC Capital ( MVC ), there was insider buying on Tuesday, by Chairman Michael T. Tokarz who purchased 5,000 shares for a cost of $9.36 each, for a total investment of $46,800. Before this latest buy, Tokarz bought MVC at 6 other times during the past twelve months, for a total investment of $495,148 at an average of $10.13 per share. MVC Capital is trading trading flat on the day Friday. So far Tokarz is in the green, up about 1.9% on their buy based on today's trading high of $9.54.

VIDEO: Friday 7/13 Insider Buying Report: TCRD, MVC

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

TCRD MVC

Other Topics

Investing