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Analysts at Keefe, Bruyette & Woods dropped their price target on shares of TICC Capital Corp. (NASDAQ:TICC) from $10.50 to $10.00 in a research report issued to clients and investors on Monday. Keefe, Bruyette & Woods’ price target suggests a potential upside of 2.77% from the company’s current price.

Shares of TICC Capital Corp. (NASDAQ:TICC) opened at 9.73 on Monday. TICC Capital Corp. has a 1-year low of $9.18 and a 1-year high of $10.85. The stock’s 50-day moving average is $9.71 and its 200-day moving average is $9.81. The company has a market cap of $586.4 million and a P/E ratio of 9.00. TICC Capital Corp. also was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 392,963 shares, a decrease of 35.2% from the July 15th total of 606,421 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 367,147 shares, the short-interest ratio is presently 1.1 days.

TICC Capital Corp. (NASDAQ:TICC) last released its earnings data on Thursday, August 7th. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.28. During the same quarter last year, the company posted $0.30 earnings per share. On average, analysts predict that TICC Capital Corp. will post $1.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 11.92%. The ex-dividend date of this dividend is Friday, September 12th.

TICC Capital Corp. (NASDAQ:TICC) is non-diversified, closed-end investment company.

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