TICC Capital Corp. (TICC) to Issue $0.20 Quarterly Dividend
TICC Capital Corp. (NASDAQ:TICC) declared a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Investors of record on Friday, December 15th will be given a dividend of 0.20 per share by the investment management company on Friday, December 29th. This represents a $0.80 dividend on an annualized basis and a yield of 14.93%. The ex-dividend date of this dividend is Thursday, December 14th.
TICC Capital Corp. (NASDAQ:TICC) traded down $0.67 during trading on Friday, reaching $5.36. The company’s stock had a trading volume of 504,775 shares, compared to its average volume of 302,720. The company has a market cap of $279.02, a price-to-earnings ratio of 9.51 and a beta of 0.66.
TICC Capital Corp. (NASDAQ:TICC) last posted its quarterly earnings results on Thursday, November 2nd. The investment management company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). TICC Capital Corp. had a net margin of 94.98% and a return on equity of 7.62%. The business had revenue of $14.50 million during the quarter, compared to analyst estimates of $15.97 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was down 19.9% on a year-over-year basis. equities analysts forecast that TICC Capital Corp. will post 0.62 EPS for the current fiscal year.
In other news, CEO Jonathan H. Cohen bought 5,077 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were acquired at an average price of $6.67 per share, for a total transaction of $33,863.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Saul B. Rosenthal bought 9,682 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were purchased at an average price of $6.68 per share, for a total transaction of $64,675.76. The disclosure for this purchase can be found here. Insiders have bought 63,371 shares of company stock worth $422,090 in the last quarter. Insiders own 5.90% of the company’s stock.
A number of research firms have weighed in on TICC. ValuEngine cut TICC Capital Corp. from a “buy” rating to a “hold” rating in a research note on Thursday. National Securities restated a “sell” rating and issued a $6.00 price target on shares of TICC Capital Corp. in a research note on Monday, August 14th. Zacks Investment Research cut TICC Capital Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub cut TICC Capital Corp. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, TheStreet upgraded TICC Capital Corp. from a “c+” rating to a “b” rating in a research note on Thursday, September 7th. Four analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. TICC Capital Corp. presently has a consensus rating of “Sell” and an average target price of $6.00.
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.
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.