Insider Buying: TCP International Holdings major shareholder Buys 10,000 Shares of Stock (TCPI)
TCP International Holdings (NASDAQ:TCPI) major shareholder Zhaoling Yan purchased 10,000 shares of TCP International Holdings stock in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of $6.63 per share, for a total transaction of $66,300.00. Following the acquisition, the insider now directly owns 4,757,843 shares in the company, valued at approximately $31,544,499. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
TCP International Holdings (NASDAQ:TCPI) traded down 0.30% during mid-day trading on Monday, hitting $6.63. The stock had a trading volume of 30,191 shares. TCP International Holdings has a one year low of $6.20 and a one year 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 $183.6 million and a price-to-earnings ratio of 15.99.
TCP International Holdings (NASDAQ:TCPI) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ 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. TCP International Holdings’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that TCP International Holdings will post $0.67 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on TCPI shares. 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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