TICC Capital Corp. (NASDAQ:TICC) has been assigned a consensus recommendation of “Sell” from the six brokerages that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $6.00.

A number of brokerages have commented on TICC. TheStreet cut shares of TICC Capital Corp. from a “b” rating to a “c+” rating in a research note on Friday, June 2nd. Barclays PLC restated a “sell” rating and set a $6.00 price target on shares of TICC Capital Corp. in a research note on Wednesday, May 24th. Zacks Investment Research cut shares of TICC Capital Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. National Securities restated a “sell” rating and set a $6.00 price target on shares of TICC Capital Corp. in a research note on Monday, August 14th. Finally, BidaskClub cut shares of TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.

TICC Capital Corp. (NASDAQ:TICC) traded down 0.6594% during trading on Wednesday, hitting $6.8545. The stock had a trading volume of 250,232 shares. The company has a market cap of $352.86 million, a PE ratio of 3.8660 and a beta of 0.67. The stock has a 50-day moving average price of $6.68 and a 200-day moving average price of $7.02. TICC Capital Corp. has a 52 week low of $5.51 and a 52 week high of $8.19.

TICC Capital Corp. (NASDAQ:TICC) last announced its quarterly earnings results on Tuesday, August 8th. The investment management company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The business had revenue of $17.01 million for the quarter, compared to the consensus estimate of $14.60 million. TICC Capital Corp. had a return on equity of 7.50% and a net margin of 142.50%. During the same quarter in the prior year, the business earned $0.32 EPS. Equities analysts predict that TICC Capital Corp. will post $0.62 EPS for the current year.

In other news, insider Saul B. Rosenthal bought 7,650 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was bought at an average price of $6.69 per share, for a total transaction of $51,178.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jonathan H. Cohen bought 5,077 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was purchased at an average price of $6.67 per share, with a total value of $33,863.59. The disclosure for this purchase can be found here. Insiders bought 63,371 shares of company stock valued at $422,090 in the last quarter. 5.90% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Blair William & Co. IL raised its stake in shares of TICC Capital Corp. by 0.7% in the second quarter. Blair William & Co. IL now owns 130,760 shares of the investment management company’s stock valued at $829,000 after acquiring an additional 900 shares during the last quarter. Royal Bank of Canada raised its stake in shares of TICC Capital Corp. by 2.1% in the second quarter. Royal Bank of Canada now owns 54,705 shares of the investment management company’s stock valued at $346,000 after acquiring an additional 1,110 shares during the last quarter. Exane Derivatives raised its stake in shares of TICC Capital Corp. by 10.9% in the second quarter. Exane Derivatives now owns 15,784 shares of the investment management company’s stock valued at $100,000 after acquiring an additional 1,547 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of TICC Capital Corp. by 11.9% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 21,260 shares of the investment management company’s stock valued at $135,000 after acquiring an additional 2,260 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its stake in shares of TICC Capital Corp. by 8.8% in the first quarter. Tudor Investment Corp ET AL now owns 33,287 shares of the investment management company’s stock valued at $246,000 after acquiring an additional 2,689 shares during the last quarter. Institutional investors own 17.45% of the company’s stock.

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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.

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