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 TCP Capital Corp. ( TCPC ), a filing with the SEC revealed that on Friday, Director Brian F. Wruble purchased 10,000 shares of TCPC, for a cost of $16.63 each, for a total investment of $166,290. So far Wruble is in the green, up about 2.1% on their purchase based on today's trading high of $16.98. TCP Capital Corp. is trading up about 0.4% on the day Tuesday.
And at Armada Hoffler Properties ( AHH ), there was insider buying on Friday, by President, CEO Louis S. Haddad who purchased 10,000 shares at a cost of $13.39 each, for a total investment of $133,900. Before this latest buy, Haddad purchased AHH on 2 other occasions during the past year, for a total cost of $340,150 at an average of $13.61 per share. Armada Hoffler Properties is trading up about 2.5% on the day Tuesday.
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