TICC Capital Corp. (NASDAQ:TICC) issued its quarterly earnings data on Tuesday. The investment management company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01, MarketWatch Earnings reports. TICC Capital Corp. had a net margin of 197.98% and a return on equity of 7.55%. During the same quarter in the prior year, the company posted $0.32 earnings per share.

Shares of TICC Capital Corp. (NASDAQ TICC) traded down 0.45% during trading on Tuesday, reaching $6.67. 79,250 shares of the company’s stock traded hands. The company has a market cap of $343.36 million, a price-to-earnings ratio of 2.84 and a beta of 0.69. TICC Capital Corp. has a 52-week low of $5.51 and a 52-week high of $8.19. The company’s 50-day moving average is $6.75 and its 200 day moving average is $7.14.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/08/ticc-capital-corp-ticc-releases-quarterly-earnings-results-beats-estimates-by-0-04-eps.html.

TICC has been the subject of several recent research reports. BidaskClub cut shares of TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Barclays PLC restated a “sell” rating and issued a $6.00 price target on shares of TICC Capital Corp. in a research report on Wednesday, May 24th. National Securities restated a “sell” rating and issued a $6.00 price target on shares of TICC Capital Corp. in a research report on Friday, May 12th. Zacks Investment Research cut shares of TICC Capital Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, TheStreet cut shares of TICC Capital Corp. from a “b” rating to a “c+” rating in a research report on Friday, June 2nd. Four analysts have rated the stock with a sell rating and one has issued a hold rating to the company. TICC Capital Corp. has a consensus rating of “Sell” and a consensus target price of $6.75.

Several large investors have recently made changes to their positions in TICC. Muzinich & Co. Inc. raised its stake in shares of TICC Capital Corp. by 629.5% in the first quarter. Muzinich & Co. Inc. now owns 1,439,532 shares of the investment management company’s stock worth $10,624,000 after buying an additional 1,242,211 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of TICC Capital Corp. during the second quarter worth $2,390,000. UBS Group AG raised its stake in shares of TICC Capital Corp. by 20.4% in the first quarter. UBS Group AG now owns 1,399,942 shares of the investment management company’s stock worth $10,332,000 after buying an additional 237,193 shares during the last quarter. Blair William & Co. IL acquired a new stake in shares of TICC Capital Corp. during the first quarter worth $1,034,000. Finally, Selz Capital LLC raised its stake in shares of TICC Capital Corp. by 15.9% in the first quarter. Selz Capital LLC now owns 727,000 shares of the investment management company’s stock worth $5,365,000 after buying an additional 100,000 shares during the last quarter. Hedge funds and other institutional investors own 19.77% of the company’s stock.

About TICC Capital Corp.

TICC Capital Corp. is a closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its portfolio’s total return. The Company primarily focuses on seeking current income by investing primarily in corporate debt securities. The Company’s debt investments may include syndicated loans and bilateral loans.

Earnings History for TICC Capital Corp. (NASDAQ:TICC)

Receive News & Ratings for TICC Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TICC Capital Corp. and related companies with MarketBeat.com's FREE daily email newsletter.