TICC Capital Corp. (TICC) Posts Quarterly Results
TICC Capital Corp. (NASDAQ:TICC) issued its quarterly earnings data on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28, ARN reports. During the same quarter in the previous year, the company posted $0.30 earnings per share.
On a related note, analysts at Maxim Group cut their price target on shares of TICC Capital Corp. from $11.25 to $10.25 in a research note on Tuesday, May 13th. They now have a “buy” rating on the stock. They noted that the move was a valuation call.
Shares of TICC Capital Corp. (NASDAQ:TICC) traded up 0.10% during mid-day trading on Thursday, hitting $9.57. 119,790 shares of the company’s stock traded hands. TICC Capital Corp. has a 52-week low of $9.18 and a 52-week high of $10.85. The stock’s 50-day moving average is $9.67 and its 200-day moving average is $9.83. The company has a market cap of $576.2 million and a price-to-earnings ratio of 10.29.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 12.13%.
TICC Capital Corp. (NASDAQ:TICC) is non-diversified, closed-end investment company.
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