Insider Buying: TCP International Holdings CEO Purchases 8,000 Shares of Stock (TCPI)
TCP International Holdings (NASDAQ:TCPI) CEO Ellis Yan bought 8,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of $6.60 per share, with a total value of $52,800.00. Following the completion of the purchase, the chief executive officer now directly owns 11,531,191 shares in the company, valued at approximately $76,105,861. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
TCP International Holdings (NASDAQ:TCPI) traded up 0.75% on Monday, hitting $6.70. 20,161 shares of the company’s stock traded hands. TCP International Holdings has a 52 week low of $6.20 and a 52 week high of $11.40. The stock has a 50-day moving average of $9.38 and a 200-day moving average of $9.41. The company has a market cap of $185.6 million and a price-to-earnings ratio of 15.99.
TCP International Holdings (NASDAQ:TCPI) last announced its earnings results on Thursday, August 7th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.03. The company had revenue of $112.46 million for the quarter, compared to the consensus estimate of $105.57 million. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts expect that TCP International Holdings will post $0.67 EPS for the current fiscal year.
A number of research firms have recently commented on TCPI. Analysts at Canaccord Genuity initiated coverage on shares of TCP International Holdings in a research note on Monday, July 21st. They set a “buy” rating and a $15.00 price target on the stock. Separately, analysts at Cowen and Company initiated coverage on shares of TCP International Holdings in a research note on Monday, July 21st. They set an “outperform” rating and a $18.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of TCP International Holdings in a research note on Monday, July 21st. They set a “buy” rating and a $15.00 price target on the stock.
TCP International Holdings Ltd. (NASDAQ:TCPI) is a global provider of energy efficient light-emitting diode (LED) and compact fluorescent lamp (CFL) lighting technologies.
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