CEO of TICC Capital Corp. (TICC) Jonathan H Cohen buys 11,416 shares of TICC on 05/20/2010 at an average price of $7.96 a share.
Ticc Capital Corp. has a market cap of $214.8 million; its shares were traded at around $8.01 with a P/E ratio of 14.5 and P/S ratio of 10.5. The dividend yield of Ticc Capital Corp. stocks is 7.5%.
Buy:: CFO, CCO and Secretary Patrick Conroy bought 5,000 shares of TICC stock on 05/13/2010 at the average price of 8, the price of the stock has increased by 0.13% since.
Buy:: CFO, CCO and Secretary Patrick Conroy bought 5,000 shares of TICC stock on 05/12/2010 at the average price of 7.97, the price of the stock has increased by 0.5% since.
Buy:: CFO, CCO and Secretary Patrick Conroy bought 6,104 shares of TICC stock on 03/23/2010 at the average price of 6.81, the price of the stock has increased by 17.62% since.
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Why CEOs Are Buying Stocks Of Their Own Companies?
As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.
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