August Daniel Worrell, Co-Chief Investment Officer at BlackRock TCP Capital Corp. (TCPC), bought 80,000 shares at $3.89 ($306K) on 2026-03-06, disclosed to the SEC on 2026-03-10.
Co-Chief Investment Officer August Daniel Worrell purchased 40,000 shares at $3.89, marking the largest insider purchase in the company's history. This significant buyback comes as the stock has crashed 56.61% over the past year, potentially signaling conviction in the deep value recovery.
The stock is trading at $3.58, a 9.71% decline over the past five days and a staggering 42.09% drop over the last 90 days. It is currently just 0.53% above its 52-week low of $3.57, suggesting the market has priced in significant distress.
The company holds a Q1 2026 earnings call on May 9, 2026, to discuss portfolio repositioning and credit quality. Additionally, the 'largest ever' purchase signal suggests a rare reversal event that insiders are betting on.
The stock faces pressure from a 6.82% short interest percentage, indicating bearish sentiment. Furthermore, the company recently wrote down a $25 million loan to zero and reported lower first-quarter adjusted net investment income, highlighting ongoing credit stress.
Something here stands out, but not much.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $3.89 | 40,000 | $156K | 50.9% |
| 2 | $3.75 | 40,000 | $150K | 49.1% |
| Total | $3.82 avg | 80,000 | $306K | 100% |
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