Saul B. Rosenthal Buys 17,153 Shares of TICC Capital Corp. (NASDAQ:TICC) Stock
TICC Capital Corp. (NASDAQ:TICC) insider Saul B. Rosenthal purchased 17,153 shares of the business’s stock in a transaction on Monday, August 14th. The shares were acquired at an average cost of $6.61 per share, for a total transaction of $113,381.33. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
TICC Capital Corp. (TICC) traded up 1.06% on Monday, hitting $6.65. 162,112 shares of the stock traded hands. TICC Capital Corp. has a 52 week low of $5.51 and a 52 week high of $8.19. The firm has a market capitalization of $342.34 million, a PE ratio of 2.83 and a beta of 0.69. The stock has a 50 day moving average of $6.66 and a 200 day moving average of $7.13.
TICC Capital Corp. (NASDAQ:TICC) last released its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. TICC Capital Corp. had a net margin of 142.50% and a return on equity of 7.50%. The firm had revenue of $17.01 million for the quarter, compared to the consensus estimate of $14.60 million. During the same period in the previous year, the business earned $0.32 earnings per share. Equities research analysts anticipate that TICC Capital Corp. will post $0.64 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TICC. Van ECK Associates Corp raised its position in TICC Capital Corp. by 29.0% in the first quarter. Van ECK Associates Corp now owns 393,663 shares of the investment management company’s stock worth $2,905,000 after buying an additional 88,544 shares during the last quarter. Muzinich & Co. Inc. raised its position in 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. Dynamic Technology Lab Private Ltd purchased a new position in TICC Capital Corp. during the first quarter worth $172,000. Blair William & Co. IL purchased a new position in TICC Capital Corp. during the first quarter worth $1,034,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in TICC Capital Corp. during the first quarter worth $343,000. 19.79% of the stock is currently owned by institutional investors.
Several equities research analysts have commented on the stock. National Securities reissued a “sell” rating and set a $6.00 price target on shares of TICC Capital Corp. in a research report on Monday. TheStreet cut shares of TICC Capital Corp. from a “b” rating to a “c+” rating in a research report on Friday, June 2nd. 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. BidaskClub cut shares of TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Barclays PLC reissued a “sell” rating and set a $6.00 price target on shares of TICC Capital Corp. in a research report on Wednesday, May 24th. Four equities research analysts have rated the stock with a sell rating and one has given a hold rating to the stock. The company has an average rating of “Sell” and an average target price of $6.75.
TICC Capital Corp. Company Profile
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.
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