TICC Capital Corp. (TICC) Scheduled to Post Earnings on Wednesday
TICC Capital Corp. (NASDAQ:TICC) is scheduled to be releasing its earnings data on Wednesday, November 1st. Analysts expect TICC Capital Corp. to post earnings of $0.16 per share for the quarter.
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 the Zacks’ consensus estimate 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 analyst estimates of $14.60 million. During the same period in the previous year, the business posted $0.32 earnings per share. On average, analysts expect TICC Capital Corp. to post $0.62 EPS for the current fiscal year and $0.61 EPS for the next fiscal year.
TICC Capital Corp. (NASDAQ TICC) opened at 6.66 on Wednesday. The stock’s 50 day moving average price is $6.74 and its 200-day moving average price is $6.89. TICC Capital Corp. has a 12 month low of $5.51 and a 12 month high of $8.19. The company has a market capitalization of $342.85 million, a P/E ratio of 3.76 and a beta of 0.68.
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In related news, CEO Jonathan H. Cohen bought 5,077 shares of the stock in a transaction on Wednesday, August 30th. The shares were purchased at an average price of $6.67 per share, with a total value of $33,863.59. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Saul B. Rosenthal bought 7,650 shares of the stock in a transaction on Friday, August 25th. The shares were bought at an average cost of $6.69 per share, for a total transaction of $51,178.50. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 63,371 shares of company stock worth $422,090. 5.90% of the stock is owned by corporate insiders.
A number of research analysts have commented on the stock. TheStreet upgraded shares of TICC Capital Corp. from a “c+” rating to a “b” rating in a research note on Thursday, September 7th. BidaskClub downgraded shares of TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of TICC Capital Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, National Securities restated a “sell” rating and issued a $6.00 price target on shares of TICC Capital Corp. in a research report on Monday, August 14th. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The stock presently has a consensus rating of “Sell” and a consensus price target of $6.00.
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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